Issue link: https://nebusinessmedia.uberflip.com/i/1533035
wbjournal.com | March 10, 2025 | Worcester Business Journal 5 Douglas Starrett had led the compa- ny since 2001. Amrol will be joined by three new executives at the company: Barry Laughlin as chief operating officer, Allen Look as global chief infor- mation officer, and Jon-Michael Raymond as chief revenue officer, according to a company press release issued Feb. 21. "We are thrilled to welcome a new leader to guide our future while maintaining the strong legacy of L.S. Starrett," Kip Paterson, director human capital, North America for L.S. Star- rett, wrote in an emailed statement to WBJ. "Doug Starrett is no lon- ger involved with the company. We are grateful for his many years of dedicated service and leadership and wish him all the best in his next endeavor." After private equity buyout, fifth-generation leader exits L.S. Starrett Co. as new executive leadership team takes over After a March merger with a private equity firm, The L.S. Starrett Co. will be led by someone outside the Starrett family for the first time in its 145-year-old history. The global tool manufacturer based in Athol named four new executive leaders, with fifth-generation leader Douglas Starrett stepping down as president and CEO after 48 years with the company. L.S. Starrett named Roger Amrol, former president and CEO of Rob- ert Bosch Tool Corp. North Amer- ica, as its next CEO and president, replacing Douglas Starrett, whose great-great-grandfather Laroy Starrett founded the company in 1880. Amrol is a graduate of Averett Uni- versity in Virginia with an MBA and a bachelor's degree from College of Charleston in South Carolina. Continued on next page make all the difference REL ATIONSHIPS At Country Bank, we're made a little different. We have the expertise, resources, and tools you need to turn opportunities into growth. It's not just banking to us. We're here to make a difference for your business and we believe that it starts with a great relationship. $22.5 million State subsidies and tax credits received by the Worcester Housing Authority to redevelop the City's Lakeside Apartments, as part of $158 million awarded to 14 affordable housing projects statewide Source: Worcester Housing Authority Previous headquarters of Mustang Bio in Worcester. Mustang Bio terminated its Worcester lease and plans to move its headquarters to Waltham after the company's completed reverse stock split to avoid a Nasdaq delisting. Source: U.S. Securities and Exchange Commission $874,420 Grant to Mount Wachusett Community College in Gardner by the U.S. Department of Education to address basic needs within its student population, including for food, mental health, and child care services Source: Mount Wachusett Community College 377 Plantation St. 5,085 Worldwide locations of retail stores operated by TJX Cos. of Framingham, after it added 131 in fiscal 2025 Source: TJX Cos. Roger Amrol, CEO & president of L.S. Starrett