Leadership & Pay ·
Kadant Inc. announced a CEO succession plan on September 10, 2026
KAIKadant Inc
Kadant Inc. announced a CEO succession plan on September 10, 2026. Michael C. Colwell was appointed president and chief operating officer effective October 1, 2026, and will become president and chief executive officer on January 2, 2027. Current CEO Jeffrey L. Powell will remain in his role through December 31, 2026, before transitioning to executive chairman on January 2, 2027. Chairman Jonathan W. Painter will cease serving as a director and board chairman on January 2, 2027. The filing details Mr. Powell's transition agreement, including his continued compensation and vesting acceleration provisions for restricted stock units upon retirement in January 2028.