December 2, 2019

IDEA President & CEO, Paul Molitor Stepping Down

Paul Molitor headshot

Paul Molitor will be stepping down from his position as President & CEO at IDEA later this month.

MEDIA CONTACT: Reina Munsch, (703) 562 4681

ARLINGTON, VA – The Industry Data Exchange Association, Inc. (IDEA) Board of Directors announced today that CEO and President Paul Molitor will step down later this month for personal reasons. Paul has held the post since 2014 and the search for a new executive is expected to conclude in the first half of 2020.

“The IDEA Board and the entire organization thank you for your five years of leadership at IDEA and the improvement in the quality and range of services achieved during your tenure,” said Chairman Bill Waltz. “All your friends and partners wish you continued success in your next endeavor.”

“We’ve seen a tremendous amount of change over the last few years and both the company and the market will continue to adapt quickly for the foreseeable future,” Molitor said.  “The long-standing data quality program and the recently completed technology transition will have IDEA ideally positioned to keep pace with those changes.”

With Molitor’s departure, the IDEA Board will rely on the remainder of the leadership team to oversee day-to-day operations during the search process: Vice President of Finance and Administration Aneesha Darst; Vice President of Products and Services Bill Ferguson; and Vice President of Sales and Marketing, Kevin Corcoran. Additionally, two CEO-level members of the IDEA Board of Directors will be advisors to the trio.

“The Board has full confidence that this team of accomplished professionals will manage IDEA seamlessly during and after the leadership transition, ensuring continuity of customer service,” said Waltz. The team will concentrate on delivering a successful launch of the new IDEA Connectorsm.  The platform upgrade offers new features, functionality, and processing efficiency that will enhance the customer experience today and open new ones for tomorrow. Customer training that will play an essential role in ensuring a smooth migration to the new platform is already underway.

IDEA, Crystal City, Arlington, Va., enables digitized connectivity between manufacturers and distributors of electrical products whereby high-quality product data can be shared digitally, quickly and accurately across this channel of business.

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About IDEA: The Industry Data Exchange Association, Inc. (IDEA) is the official technology service provider and eBusiness standards body of the electrical industry. The company helps thousands of manufacturers and distributors find the most cost-effective methods for running day-to-day business. IDEA applications help connect the supply chain and make business processes efficient, easy and enjoyable for people every day. IDEA was founded in 1998 through a partnership rooted in the collective leadership of the National Electrical Manufacturers Association (NEMA) and the National Association of Electrical Distributors (NAED) members. Their applications also bring value to vertical markets such as industrial, retail, and consumer-packaged goods. IDEA is headquartered in Arlington, VA (idea4industry.com).