Strattec Security announces retirement of CEO Frank Krejci and succession plan

Strattec Security announced that Frank J. Krejci, President and CEO will retire from employment with the Company effective December 31. He will also retire from the Company’s Board of Directors on December 31st. Rolando Guillot, Senior Vice President – Operations and COO, has been named to serve as Interim CEO, effective January 1, 2024 in addition to his current role. Guillot joined STRATTEC in 1996 and gained experience in various management roles, primarily in STRATTEC’s Mexican subsidiary, until September, 2004 when he was elected Vice President – Mexican Operations. In December 2016 he was elected Senior Vice President – Operations, responsible for all the Company’s operations, and was elected to his current position in March. The Company will engage a leading national executive search firm to conduct a formal search to identify a successor to Krejci as soon as possible. The Board of Directors is confident that Guillot has the necessary skills and experience to lead STRATTEC while a select group of independent members of the Board conduct the executive search for a successor CEO.