Formic Strengthens Leadership Team with Key Hires Amid Growth
Slice of Manufacturing Team
12/17/2024
Key Highlights:
- Joel Onyshuk joins as VP of Sales, bringing expertise from growing Redzone to $100M ARR and scaling sales teams in the food and beverage sector.
- Todd Plotner is named General Counsel, leveraging 25 years of experience in structured finance and equipment leasing.
- Formic closed a $27.4M Series A round in June, fueling business expansion and innovation.
- Launch of the partner program enables distributors and industry leaders to offer Full Service Automation to customers.
Source: Business Wire
Quotes
“ “This announcement comes amid rapid business growth and a commitment to innovating faster, driving better outcomes, and building even better systems and processes for our partners and customers.” ”
Saman Farid, CEO at Formic
Our Take:
Formic’s strategic hires of Onyshuk and Plotner underscore its commitment to driving growth and innovation in the automation sector. With significant expertise in sales and legal infrastructure, these leaders are well-positioned to enhance Formic’s capabilities and market presence. The launch of the partner program is another bold step in simplifying automation for U.S. manufacturers, addressing critical pain points like labor shortages and production downtime. Formic is not just growing—it's revolutionizing how American manufacturers approach automation.
