Standard Locknut Announces Doug Payne as CEO
INDIANAPOLIS, IN (July 9, 2024) Tonka Bay partner company Standard Locknut has announced the appointment of a new CEO, Doug Payne. Doug brings a wealth of experience and a visionary leadership style that aligns perfectly with Standard Locknut’s mission and values.
Doug is an accomplished manufacturing leader with experience across all areas including site leadership, 10+ years leading operations/engineering, and another 10 years leading commercial activities. Doug’s drive to build high performance cultures will be a key focus at Standard Locknut, taking the next step in execution and customer relationships.
Doug has an impressive track record in Manufacturing, having served most recently as General Manager at Paragon Medical. His past includes Power Transmission experience with Rexnord Industries, where he served various roles over 11 years. His strategic insights and passion for innovation will undoubtedly drive Standard Locknut to new heights.
About Standard Locknut
Based in Indianapolis, Indiana, Standard Locknut is a leading domestic manufacturer of bearing accessories and components. The company supplies the industrial bearing market with a full line of bearing mounting products, serving a diverse range of end markets. For more information about Standard Locknut, please visit www.standard-miether.com.
About Tonka Bay Equity Partners
Based in Minnetonka, Minnesota, Tonka Bay has been Building Bigger, Better Businesses® for over 25 years. Tonka Bay Equity Partners is a private equity firm that acquires and invests in growth-oriented businesses in the highly engineered manufacturing, business services and value-added distribution sectors. For more information, call (952) 345-2030 or visit tonkabayequity.com.