Kadant Announces CEO Succession Plan
Kadant announced a board-adopted CEO succession plan under which Michael C. Colwell will become president and COO on October 1, 2026, and CEO, president and a director on January 2, 2027. Current CEO Jeffrey L. Powell will continue through those dates and then become executive chairman, while chairman Jonathan W. Painter will step down from the board on January 2, 2027.
Why it matters — A KAI watcher would care because the planned leadership transition—including the timing of the CEO change and the shift of board leadership—signals how the company intends to manage executive succession over the coming months.