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Jones & Frank Names New CEO

RALEIGH, N.C. — Jones & Frank, a leading value-add distributor, installer and servicer of fueling equipment, has announced that Jim Bolch has been named chief executive officer and will join the board of directors, effective immediately.

Bolch will be based in Raleigh, N.C., where the company has its headquarters.

“We are thrilled that Jim has agreed to lead Jones & Frank at this pivotal point in its development,” said Barrett Gilmer, managing director at private-equity firm MidOcean Partners, the majority owner of Jones & Frank. “Jim’s in-depth knowledge of service organizations, sophisticated business acumen and strategic vision make him the ideal executive to take on this important role. His longstanding track record of driving operational improvements and accelerating bottom-line performance will be instrumental as Jones & Frank continues to expand its service business, grow distribution revenue and further improve upon its nation-leading market share in the industry.”

Bolch brings vast experience from a career spanning more than 30 years in global industrial and service businesses serving a variety of customer segments. Most recently, he served as president and CEO of Exide Technologies, one of the world’s largest producers and recyclers of lead acid batteries, with operations in more than 80 countries and annual revenue in excess of $3 billion. Prior to leading Exide, he was president of the industrial technologies sector of Ingersoll Rand responsible for multiple business lines including air compressors, tools, materials handling, fluid handling and Club Car compact vehicles. He joined Ingersoll Rand from Schindler Elevator Corp., where was executive vice president of the service business. Prior to his tenure at Schindler Elevator Corp., Bolch spent 21 years with United Technologies Corp. (UTC) where he served in multiple roles including vice president of operations for the UTC power division and vice president of global service operations for Otis Elevator.

Jones & Frank distributes, services and installs fueling equipment to retail gas stations, commercial and government fleets and emergency power customers. It covers the Atlantic Seaboard and the Midwest from a network of branch offices and distribution centers. Jones & Frank represents products in the fueling infrastructure marketplace including Gilbarco Veeder-Root, VeriFone, Containment Solutions, OPW and Franklin Fueling.


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