Boyd Group Announces CEO Succession Plan
Aug. 15, 2019—The Boyd Group's chief operating officer, Tim O'Day, will take over as the company's CEO next January, the company has announced. According to a company press release, O'Day will assume his new role effective Jan. 2, 2020.
In a CEO succession announcement that was formally announced on Tuesday, current CEO Brock Bulbuck expressed his confidence that O'Day will carry the collision repair consolidator capably, well into the future.
"Tim has played an integral role in the Boyd Group's growth and success," Bulbuck, who will remain as executive chair of the company, said in a press release. "It is my intent to start to slow down as I enter my 60's, and having Tim ready to step in to lead the company has made my decision, including timing, much easier.
"Also, with the Fund tracking well to achieve its goal to double its size in terms of constant currency revenue from 2015 to 2020, the timing will also be right to transition to Tim, so that he can prepare to lead the company through its next phase of growth. I look forward to my new role supporting Tim in his transition to CEO as well as continuing my role on the Board."
O'Day joined Gerber Collision & Glass in Feb. 1998 and, with Boyd Group's acquisition of Gerber in 2004, he was appointed Chief Operating Officer of Boyd's U.S. Operations.
"I am honored that the Board has selected me as Boyd's next CEO and I am extremely excited for our future," O'Day said. "...This leadership team, combined with Brock's continuing support as Executive Chair, will provide for a smooth transition, and will continue to position Boyd well for the future."