Madison, Wis. (August 21, 2003) ¯ Research Products Corp., Madison, WI has announced the promotions of Larry Olsen to president and CEO, Mike McGowan to executive vice president and CFO, and Paul Graham to senior vice president. Mike Fitzpatrick, former CEO, will remain chairman of the board.
Research Products Corporation is a leading manufacturer and marketer of heating / cooling accessory products under the Aprilaire® brand name. The company expanded into the commercial market in 2001 through the acquisition of the Dri-Steem® Humidifier Company. Olsen and his management team say they will continue to aggressively pursue new business opportunities with a focus on innovative new products and expansion into new markets.
The privately held company was founded in 1938 and employs approximately 500 people at locations in Wisconsin, Arizona and Minnesota.