Plaster to Join Power Grid Components (PGC) as CEO
Power Grid Components (PGC) (Bessemer, AL)
This domestic supplier of a wide range of components for the electrical grid announced that Michael Plaster, an industry veteran with nearly four decades of leadership experience in electrical equipment and solutions companies, will be joining PGC as its CEO effective Aug. 18. He will succeed Rick McClure, who will transition to chairman of the board. This planned succession, in combination with Plaster’s deep industry knowledge and network, will lead the company through its next chapter of growth.
Plaster joins PGC from ABB, where he spent 20 years and most recently served as executive VP and lead business manager for Electrification. Since May 2020, he has both led ABB’s U.S. Electrification commercial organization and held P&L responsibility for ABB’s North American Distribution Solutions business line, driving significant growth. His leadership of a 3,000-person team and service on the NEMA Board of Governors and Executive Committee underscore his industry influence.
“In Mike, we have found the ideal next CEO for PGC, and I could not be more excited about the company’s future,” said McClure in the press release. “Mike’s deep industry experience, proven leadership capabilities, and shared values as PGC make him the ideal choice to lead the business moving forward.”
“I am very excited to join PGC and build on Rick’s success in partnering with our customers as we navigate through the energy transition and deliver responsive solutions to the evolving electrical grid,” said Plaster in the release. “I have long admired the PGC family and am honored to be leading the business on its next chapter.”
Prior to his tenure at ABB, Plaster spent time at Kirby Risk Electrical Supply and Schneider Electric. He holds a bachelor’s of science in Mechanical Engineering Technology from Purdue University and an MBA from Butler University. While serving at ABB, he completed its Senior Leadership Development Program at IMD in Lausanne, Switzerland, equipping him with advanced global leadership and strategic management skills.