Manheim, PA - Michael Fecik, Executive Vice President and Chief Financial Officer of B.R. Kreider & Son, Inc. was recently named the recipient of the 2015 “Turnaround Specialist Award” as determined by a panel of judges comprised of financial industry leaders in central Pennsylvania.
The award goes to the individual who broke through traditional boundaries of finance in contributing a significant transaction, transformation or turnaround of his or her company. Fecik was recognized for his leadership in the successful transition of the family-owned company from the third to the fourth generation.
"We’re happy Michael was recognized for his efforts,” said Brent Kreider, President of B.R. Kreider & Son, Inc. “His dedication, leadership, talents and skills were invaluable contributions in the success of the transition of B.R. Kreider & Son, Inc."
"I am happy to have had a role in bridging the gap between two generations in family leadership for B.R. Kreider & Son, Inc.," said Fecik, who served as company President from 2005 through 2014. “I felt it was essential to maintain the family’s values while at the same time creating a little bit more of a corporate environment.”
Fecik was also instrumental in helping guide the company through the economic slump that affected many industries across the country, placing an emphasis on prioritizing employees in spite of economic conditions.
"Michael’s ability to analyze and project how financial factors and indicators will impact the future was important during that time," said Kreider. “Thanks to Michael’s efforts we were able to maintain a strong balance sheet and meet customer needs without laying off employees.”
Founded in 1936, B.R. Kreider & Son, Inc. offers excavating, paving, environmental and specialty services for businesses and homeowners throughout Central Pennsylvania.