Saudi Arabia’s Industrial Production Index Sees Robust Growth in October, Driven by Key Sectors
RIYADH: Saudi Arabia’s industrial production index (IPI) rose by 5 percent year on year in October,…
Phillips Precision Inc., a well-established name in the manufacturing industry, has announced a major leadership transition as founders Cathy and Steven Phillips step down from daily operations. After nearly three decades of driving innovation and service excellence, the company is now set to enter a new phase under the leadership of Samson Kay, managing partner of the Weyland Group, who will assume the role of majority owner and operator.
While Cathy and Steven Phillips will no longer be involved in the day-to-day operations, they will continue to support the company’s strategic direction as retained owners and advisors within the Weyland Group. Their extensive experience and insights will help guide Phillips Precision’s continued growth and innovation.
Bringing nearly 20 years of manufacturing industry experience and master’s degrees in both mechanical engineering and business administration, Samson Kay is poised to lead Phillips Precision into its next era of growth and development.
“I am honored to take on this new role and to build upon the incredible foundation that Cathy and Steve have created,” said Kay. “Phillips Precision has a legacy of innovation, and I am excited to expand opportunities for our customers and strengthen our impact in the manufacturing industry. I look forward to working closely with our talented team and valued partners as we embark on this exciting new chapter.”
To ensure a smooth transition, Phillips Precision is committed to maintaining stability in its operations while keeping its focus on expanding capacity, driving innovation, and strengthening relationships with machine shops, distributors, and end users. The company remains dedicated to delivering exceptional customer service and cutting-edge manufacturing solutions.
Reflecting on the transition, Cathy Phillips expressed confidence in the company’s future under Kay’s leadership. “We are excited about the future of Phillips Precision, and we are confident that our partners will see even greater opportunities for success as we move forward. With Samson at the helm, the company is well-positioned to continue leading in both innovation and customer service.”
As Phillips Precision moves into this new phase of leadership, its core values and dedication to manufacturing excellence remain stronger than ever. Customers and industry partners can expect continued advancements, enhanced services, and a commitment to the same high-quality standards that have defined the company for decades.
Stay up to date with the latest industry news and events.
Be first to see all the updates from MTDCNC
Our newsletters frequency varies dependant on content
All the latest deals from the industry feature on our newsletters