Hy-Brid Lifts by Custom Equipment, LLC has appointed Jay Sugar its new president and CEO. Sugar brings more than 20 years of industrial manufacturing experience to the organization and will lead the overall direction and strategy of the company.
An industry veteran with more than 20 years of general management and executive experience in the industrial-equipment sector, Sugar has worked in such business areas as engineering, supply chain, finance and sales. He joined the Custom Equipment team for a brief stint in 2019 to implement a new plant layout at the company’s headquarters in Richfield, Wisconsin.
“We are extremely pleased to welcome Jay Sugar back to Custom Equipment, now in the role of president and CEO,” says Steve Ellis, Custom Equipment Chairman of the Board. “Jay is an accomplished leader and with his background in both engineering and operations, Jay brings a wide skill set to drive Custom Equipment forward in value creation and performance.”
Sugar earned an MBA in accounting and business management from Carnegie Mellon University, in addition to a bachelor’s degree in mechanical engineering from Rensselaer Polytechnic Institute. His career began on the shop floor where he went on to develop several start-ups into multi-million-dollar enterprises, holding positions such as general manager, VP of operations, VP of industrial sales and executive VP along the way.
“I’m looking forward to working with the strong leadership team at Custom Equipment again to help position the company for future growth,” Sugar says. “Strategically expanding our product offerings and introducing new products will reinforce our commitment to implementing customer feedback and increase market share.”