Simpson Strong-Tie CEO prepares to retire
Simpson Manufacturing’s board of directors unanimously elected current company President and Chief Operating Officer Mike Olosky to succeed Colonias as CEO effective Jan. 1.
As CEO, Colonias presided over 11 years of strong company growth. Simpson Manufacturing Co., Inc., went from a little over $657 million in revenue in 2012 to over $1.573 billion in 2021, and is on track to meet $2 billion in revenue on an annual basis.
“During Karen’s tenure, Simpson has grown considerably and established itself as a global leader in the building products industry with a trusted brand reputation,” says Simpson Manufacturing chairman of the board James Andrasick. “Her engineering knowledge and focused leadership over the past decade as CEO have earned her the utmost respect from Simpson Strong-Tie employees, customers, and stockholders, as well as from key constituents throughout the building community.”