January 2025 – ITU AbsorbTech announces Craig Bald as the company’s next President and CEO, marking the first time in its 90+ year history that a non-family member will hold this role.

Craig transitions into this position after 14 years as Chief Financial Officer, where he played a pivotal role on the senior leadership team and contributed significantly to the execution of the company’s Strategic Plan. His deep understanding of the business and unwavering commitment to ITU AbsorbTech’s Business Tenets position him as an outstanding choice to guide the organization into its next chapter.

After more than 30 years as President and CEO, Jim Leef will assume the role of Executive Chairman of the Board. Reflecting on his tenure as the company’s third-generation leader, Leef expressed gratitude, stating, “I feel incredibly fortunate to have been surrounded by a supportive family and dedicated employees who have helped grow ITU AbsorbTech into what it is today.”

Craig Bald will officially assume responsibility for daily operations in January 2025. “I’m honored to follow Jim’s lead and build on the strong foundation that he and the Leef family have established for the company,” Bald said. “I look forward to driving continued growth and expanding the sustainable business practices, innovations, and values that have made ITU AbsorbTech a trusted partner and industry leader.”

Looking ahead, Leef added, “My family and I are thrilled to see Craig step into this leadership role, and we’re confident he will be an exceptional leader for ITU AbsorbTech for many years to come.”