Michael Cardone III Named Executive Chairman of Cardone Industries

Dec. 27, 2017
Cardone Industries has named Michael Cardone III as the executive chairman of its board of directors and has added two new board members: Dena Moore and Bill Strahan.

Cardone Industries has named Michael Cardone III as the executive chairman of its board of directors and has added two new board members: Dena Moore and Bill Strahan.

Cardone III is an owner of Cardone Industries and serves on the company’s board of directors. He also has served in executive leadership roles with Cardone, including president, since 1998. As executive chairman, he will focus on Cardone’s long-term growth strategies, including acquisition activity and the company’s footprint and real estate holdings. He will also be responsible for managing the board of directors and its processes.

Cardone founding owner and board member Michael Cardone Jr. said, “I am so proud to see my son take the role of executive chairman. As a third-generation family owner, Michael is well-attuned to our rapidly changing industry and understands what our company needs to do to be successful. I am confident in his leadership of our board of directors.”

“Our company is positioning itself well for growth in the years ahead,” said Cardone III. “I couldn’t be more excited to take on this role right now. I look forward to leading our board and tapping into the vast amounts of experience and wisdom they have to offer. I am also very happy to welcome Dena Moore and Bill Strahan as new members of our board, and I look forward to their new perspectives and guidance.”

Moore spent 20 years as a senior merger and acquisition investment banker and as chief operating officer for Harris Williams & Co., now a subsidiary of PNC Financial Services Group. Today, as the founder of DFM Advisory LLC, she works primarily with entrepreneurs to provide strategic and operational consulting services.

Strahan is executive vice president of human resources for Comcast Cable.  

Cardone III also serves on the board of MERA – The Remanufacturing Association, and he will continue to be a key participant and advocate in issues and initiatives critical to the industry.

Outgoing executive chairman and former Cardone CEO Terry McCormack, who will remain as a board member and advisor, notes: “This is an exciting time for Cardone. The family leadership is committed to this company’s long-term success, and our board has added a wealth of independent knowledge that will help forge the path ahead.”

For more information, see www.cardone.com.

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