Industrial Utility Efficiency    

Ohio Transmission Corporation Names New CEO

After 38 years of service, OTC’S CEO, Phil Derrow, will be transitioning to a new role as Chairman. David Scheer has been named the new CEO. Air Technologies® is a division of OTC.

OTC Logo

OTC was co-founded in 1963 by Phil Derrow’s father, David Derrow, and L. Philip Carstens. Since its founding, OTC has grown from just six employees in a single location in Columbus to more than 1,200 employees in 47 locations across the United States. Phil Derrow became CEO in 1998 and led a period of growth that saw the company’s revenue increase by more than 10 times and the firm’s employees increase by five times. In 2013, Derrow led the company through a transition to private equity ownership, culminating in a sale to Genstar Capital in April 2019. Derrow’s move to the Chairman role was planned as part of the Genstar acquisition.

“It is impossible to adequately express my profound gratitude to all of our associates, customers and suppliers for their trust, support and friendship during my career. It has truly been the gift of a lifetime of service for which I am profoundly grateful,” said Derrow. “I am excited to hand over the reins to an executive as accomplished as David.”

Scheer said, “I am honored and excited to join OTC as CEO. Phil has built an extraordinary business that has offered an unparalleled level of service to America’s leading industrial companies for many years. I look forward to working with all of OTC’s team members to continue to grow and build one of the country’s largest industrial solutions providers.”

Scheer has more than 30 years of experience leading global industrial manufacturing businesses and specialty industrial distributors. Currently, he serves on the board of Clarience Technologies, LLC. Prior to joining OTP, Scheer was the Chief Executive Officer of Power Products, LLC and its related entity, ECM Industries. Power Products is a diversified electrical products platform with locations in North America, Europe, and Asia. Previously, Scheer was Executive Vice President/Electrical Segment of Actuant Corporation and led the 2013 spin-off of the segment, which was renamed Power Products. He also has served as Chief Operating Officer for Pearlman Group, the nation’s leading distributor of tools, supplies, and machinery for the hard surfaces industry. Earlier in his career, Scheer was Chief Operating Officer of Sigma Electric Manufacturing Corp., Division President/Southeast for Rexel USA, and he had several commercial and operating roles with Thomas & Betts Corporation.

 

About Ohio Transmission Corporation

Established in 1963, Ohio Transmission Corporation is one of the largest industrial distributors and service providers in the United States. Its divisions include OTP Industrial Solutions, a provider of expert solutions for industrial motion control, factory automation, fluid power, pumping systems, spray finishing, and power transmission, and Air Technologies®, a compressed air system equipment and service provider and the largest distributor of Atlas Copco compressed air equipment in North America. Ohio Transmission Corporation maintains locations throughout the South, Southwest, Midwest, and Northeast regions. Ohio Transmission Corporation’s more than 1,200 associates share its founding vision of delivering excellent value through work with integrity. For more information, please visit www.otpnet.com and www.aircompressors.com.