CTE (Carolina Tractor & Equipment Company) announced June 2 that Matt Nazzaro has been promoted to Executive Vice President and Chief Operating Officer and will oversee day-to-day management of the business, effective July 1.
CTE (Carolina Tractor & Equipment Company) announced June 2 that Matt Nazzaro has been promoted to Executive Vice President and Chief Operating Officer and will oversee day-to-day management of the business, effective July 1. Ed Weisiger Jr., the family company‘s third generation of executives, will remain CEO and Chairman of CTE’s Board of Directors.
“Mast [Nazzaro] has been deeply involved in defining and executing our strategy, helping us achieve significant growth and operational results,” said Weisiger. “Most importantly, Matt is a guardian of our culture and values, and I’m confident his talents will position us for another 95 years. years of success.”
Nazzaro joined CTE in 2016 as Vice President and Chief Financial Officer after serving in senior roles at GE Capital for eight years. Nazzaro holds an MBA in finance, strategy and entrepreneurship from the University of Chicago Booth School of Business and a bachelor’s degree in business administration from Boston University’s Questrom School of Business.
“This company strives to be a trusted partner to its customers, employees and communities, and serving in this capacity is an honor and a responsibility that I do not take lightly,” Nazzaro said. “I look forward to continuing my work with the Weisiger family, our outstanding board of directors and the rest of the incredible team we have assembled.”
About CTE
Founded in 1926, CTE sells, rents and services construction and material handling equipment, truck engines and engineering and power generation systems. The company is headquartered in Charlotte, North Carolina, and operates in North Carolina, South Carolina, Georgia, Tennessee, and Alabama. The CTE family of brands includes Carolina Cat, LiftOne, Carolina Cat Power Systems, Prime Source, Hydraulics Express, SITECH Horizon, Power Products & Solutions and BlueSkye Automation.
CTE was named America’s Best Managed Company for 2021 and 2022, a designation sponsored by Deloitte Private and the Wall Street Journal that recognizes outstanding private American companies and the achievements of their management teams.
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