August 6, 2014 – Klein Tools announced Mathias Klein III (Mat) will retire as chair in June 2015—capping a 46-year career with the company—but will continue to serve on the company’s board.

Upon Mat’s retirement, current president Thomas R. Klein Sr. (Tom) will succeed him as chair. Additionally, Mark Klein, vice-president of domestic sales, and Thomas Klein Jr. (Tom Jr.), general manager of heavy infrastructure, will be promoted and serve as co-presidents of Klein Tools, effective January 1, 2015.

“Mat will be long remembered for his steadfast commitment to the company,” said Tom. “With his leadership and vision, Klein Tools is in a better position today than when he started years ago.”

As Tom ascends to chair, Mark will assume the new role of president of sales & marketing, and will be responsible for global marketing, sales and customer service. Tom Jr. will assume a new role as president of operations and R&D, and will be responsible for Klein’s manufacturing, operations and new product development functions.

“Mat and I feel strongly that Mark Klein, Tom Klein Jr. and the entire leadership team are ready for more responsibility to maintain the growth momentum and lead Klein Tools forward,” continued Tom.

PHOTO (left to right): Thomas R. Klein Jr., Thomas R. Klein Sr., Mathias A. Klein III and Mark P. Klein.