GST AutoLeather exits bankruptcy under new ownership
To lead the transition, GST has named Randy Johnson president and CEO. Along with its current strong leadership, GST is announcing the addition of two key leather industry experts, Bryn Kahrl as vice president of global operations and Scott Landis as chief human resources officer.
“We are committed to being the most competitive, innovative, and sought-after supplier to major OEMs worldwide, leveraging our strong customer service, a renewed focus on lean manufacturing and standardization, and care for our employees as we instill a customer and operationally focused leadership culture,” said Mr. Johnson.
Post Chapter 11 exit, GST is majority owned by funds managed by Black Diamond Capital Managemen (BDCM), which has a track record of assisting companies in growing value by focusing on operational and commercial improvements through a disciplined long-term approach.
“We are looking forward to supporting GST’s future efforts to build upon its strong global market share with a keen focus on providing top customer service while enhancing its operations,” said Stephen H. Deckoff, Managing Principal of BDCM.
“GST has exited bankruptcy with a strong balance sheet and ample liquidity, talented leaders globally, and a reputation as a high-quality leather designer and manufacturer,” Johnson said, adding, “GST is among a small group of leather suppliers that can be considered truly global in nature.” â–