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Genstar Capital Moves to Shake Up the Senior Management at Arrowhead Engineered Products ( AEP ) with New CEO and CFO
MAY 2023
ISSUE # 286
MIKE CORBIN
In a mid-April release , the Board of Directors of San Francisco based Genstar Capital , the owner of Blaine , Minnesota based Arrowhead Engineered Products ( AEP ), announced what appears to have been the immediate termination of CEO John Mosunic ' s contract as CEO of AEP . " We thank John Mosunic for his leadership and dedication to the organization during his tenure . We wish him all the best in his future endeavors ." Mosunic was at the helm when Genstar acquired AEP from Riverside in 2021 , and was the CEO who , under Genstar ' s ownership , oversaw rapid expansion with the acquisition of Western Power Sports ( WPS - Boise , Idaho ; Fly Racing , HardDrive etc .) and Bihr , one of Europe ' s largest ( largely ' mainstream '/' metric ') parts and accessory distributors in 2022 . Genstar moved quickly to announce
that Mosunic was being replaced by Bill Canady (" effective immediately "), saying that " Bill has led several organizations to unprecedented growth " and that he is a " proven leader with a track record of driving
New Arrowhead CEO Bill Canady
results through innovation , strong business insights and financial discipline " - including at OTC Technologies - a provider of " industrial and manufacturing solutions " and a member of the Genstar Capital group of owned companies . Canady is quoted as saying : " I ' m pleased to have been chosen to lead Arrowhead , a company with an incredible workforce and loyal customer base . With the confidence of the board and in partnership with the leadership team , we will improve our business performance , continue to take market share and deliver longterm value for all our shareholders . I ' m confident that our best days are ahead ." Speaking for AEP , Rebecca Shaffer , Senior Director of Communications , told AMD : “ Arrowhead Engineered Products is embarking on its next growth phase . With over 30 years of global business leadership experience , Bill Canady ' s proven track record of successfully leading
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One of the most innovative builders ever to have appeared in the AMD World Championship of Custom Bike Building , J . A . P . fanatic Pavel Malanik won the recent Bohemian Custom Motorcycle Show in Czechia with his new J . A . P . V8 . See pages 60-61 ...
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