PHILADELPHIA CARDONE Industries has announced the appointment of Kevin Cramton as its new CEO. Cramton, who will assume his duties in September, will succeed Michael Cardone Jr., the driving force behind CARDONE’s rise as a leader in the automotive remanufacturing industry. Cardone will remain as chairman and owner of the company.
Cramton brings to CARDONE more than 25 years of experience in the general and financial management of leading and growing businesses.
Most recently, he served as CEO of Revstone Industries, a supplier of highly engineered automotive components. Before that, he served as managing director of RHJ International (Ripplewood Holdings), a publicly traded investment holding company, where he was responsible for overseeing portfolio companies. During his tenure at Ripplewood Holdings, Cramton chaired the board of Niles, an Asian automotive electronics manufacturer, where he led the business to record profitability, following a successful 20-year career as a Ford Motor Co. executive whose assignments carried him all over the globe.