Gary Medved, CEO, and Mark Barrus, CFO, to lead the company’s next phase of growth
Mace Security International, Inc. (MSI) (MACE) has further strengthened its senior leadership team by naming Gary Medved as President and Chief Executive Officer, and Mark Barrus as Senior VP and Chief Financial Officer, effective immediately. These executive appointments position the company for its next era of growth and innovation.
Medved brings a wealth of relevant experience to his new role. Throughout his career, he has held senior leadership roles with Goodyear, Stride Tool, and Roto-Die, Inc. At Stride Tool, he increased revenue by 75 percent through organic growth while driving manufacturing efficiencies and the rollout of new, patented products and retail sales channels.
“I am thrilled to welcome Gary to our senior leadership team,” said Sanjay Singh, Vice-Chairman of the board of directors of MSI. “As we continue to pursue ambitious EBITDA growth targets and expand into new markets, his proven leadership and technical expertise will help us achieve the next level of excellence for our company, partners and, most importantly, our customers.”
Medved holds an MBA from John Carroll University and a BSME from Penn State University. He resides with his family in Lyndhurst, OH.
“The Mace Brand has a rich history of innovation, customer service and industry-leading products,” said Medved. “I’m excited to join this amazing team and develop strategies that reinforce our position as the market leader in the consumer, law enforcement, and tactical markets.”
As the new CFO, Barrus brings a strong financial and leadership background to MSI. He has held leadership roles at Covia Holdings Corp., a publicly traded company (CVIA, formerly FMSA), NACCO Industries (NC), and KPMG LLP. He will oversee MSI’s finance, accounting, investor relations, HR, and IT departments.
“Mark will help us sustain and grow our profitability and cash flow,” said Singh. “Additionally, he will be developing an efficient and effective capital allocation strategy as well as cost improvements while maintaining effective lender and shareholder relationships.”
Mark, an active CPA, holds a MAcc and BS degrees from Case Western Reserve University in Cleveland, Ohio, and is a graduate of the Global Executive Leadership program at the Yale School of Management. Mark is a resident of Westlake, Ohio and has served in various civic roles in greater Cleveland, including Case Western Reserve University Accounting Advisory Board, the Cleveland Council on World Affairs, and the HELP Foundation.
While the addition of Gary and Mark has strengthened the management team, we are sorry to report Paul Hughes, former Executive V.P. at MSI, has had to resign from his position due to recent health concerns.
About Mace® Security International, Inc.
Mace® Security International, Inc. is a globally recognized leader in personal safety and security. Based in Cleveland, Ohio, the company has spent more than 40 years designing and manufacturing consumer and tactical products for personal defense, security and surveillance under its world-renowned Mace® Brand – the original trusted brand of defense spray products. The company also offers aerosol defense sprays and tactical products for law enforcement and security professionals worldwide through its Mace® Take Down® brand. MSI distributes and supports Mace® Brand products and services through mass market retailers, wholesale distributors, independent dealers, e-commerce marketers and installation service providers. For more information, visit www.mace.com.