Titan IBC, a local manufacturer of stainless steel tanks, recently appointed a new CEO, Doug Tegtmeier, to run daily operations as its engineering and design teams continue to grow.
Titan IBC began as a startup that designed proprietary and individual equipment related to storage tanks and stainless steel containers. It has since become a manufacturer of not just the parts, but the tanks and stainless steel containers themselves, as it continues to expand into other areas such as jet propulsion and automotive production.
“We’ve grown this to the point where I can’t be involved in as many areas as I’d like,” said Titan General Manager Randy Vogt, who has been designing aluminum and stainless steel parts and containers since the company’s inception in 2010.
“I needed a financial officer to work with HR and other areas within the company that are essential but don’t allow me to do engineer and design work" Vogt said. "(Tegtmeier) does the jobs that I couldn’t get to properly. It’s a good solution.”
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To help manage the increasingly heavy workload, the company brought in Tegtmeier in January as the new director of operations. Vogt said his background perfectly fit with Titan in particular.
“Doug is a real good fit here with both a manufacturing and financial background,” said Vogt.
Tegtmeier’s father, Dick Tegtmeier, was previously owner of Encore Manufacturing, headquartered just a few blocks from Titan IBC.
“Having grown up in this industry, it was something that seemed like a nice fit to bring my experience and a different approach to the company,” said Doug Tegtmeier.
With Tegtmeier handling the everyday finances, Vogt and the company’s core engineers are able to focus on improving and expanding the designs and equipment manufactured. A licensed financial adviser, Tegtmeier provides expertise in areas that the growing company needed.
“My involvement is on the financial end,” said Tegtmeier. “I brought in a new 401(k) with health and life insurance so they can implement their own plan. It’s just a better insurance plan for their now somewhere around 30 employees."