Ruskin Named Morbark CEO

Morbark, LLC announced that its board of directors has appointed Dan Ruskin to chief executive officer effective immediately. The announcement coincides with the recent sale of Morbark to Stellex Capital Management, a private equity manager that invests in both U.S. and international corporations.

“Dan is an excellent fit for Morbark,” said Ray Whiteman, chairman and managing partner of Stellex Capital Management. “We have known Dan for close to 20 years, and his experience across multiple industries, in particular industrial markets such as heavy equipment, automotive, truck, and transport vehicles, have prepared him well for this position. One of Dan’s core strengths is his ability to build strong teams that can help organizations quickly meet their goals and enhance their profitability.”

Ruskin, who began as an industrial engineering in the aerospace and defense industry, has an extensive management background in lean manufacturing, corporate turnarounds and restructurings. He was a former entity principal and practice leader for Plante & Moran AFME (PMAFME) and founded and managed Anchor Resource Management and Anchor Holdings.

Based in Winn, Mich., Morbark produces a line of whole tree and waste wood chippers, flails, brush chippers, horizontal and tub grinders, sawmill equipment and material handling systems for forestry and recycling applications.