Bob Parmley Retires as President & CEO of Savage Bros. Co.

Bob Parmley, age 77, Savage Bros. Co. President and CEO, has announced his retirement effective May 1, 2022. Michael Peterman, General Manager, will be promoted to President and CEO of the company  upon Parmley’s retirement. 

Savage Bros Co. manufactures confectionery equipment and was founded in 1855 by siblings Richard and Edward Savage, making it one of the oldest companies in the Chicagoland area. For 120 years the company stayed under Savage family ownership until 1975 when business partners David Floreani and Bob Parmley purchased the business. Bob Parmley has served in his current role since February 2011 and prior years served as CFO. 

Bob Parmley has played a defining role in building Savage into the brand that it is today by expanding into new markets, acquiring new lines of equipment, and cultivating deep customer loyalty through a mission to help new candymakers succeed. During his time as President, he also led Savage into a partnership with the Toyota Production System Support Center to improve processes and focus on lean manufacturing.

“Bob’s contributions to Savage have been significant, but most impactful would be his remarkable commitment to people- both customers and employees. He would never recommend a piece of equipment that didn’t make sense for a customer and always put a strong emphasis on retaining the Savage workforce even through economic downturns. On behalf of the entire Savage team, I want to express our gratitude to Bob and wish him the best in retirement. He has done a great job preparing the next generation of leaders to carry on the Savage Bros. Co. legacy." - Michael Peterman, General Manager

Savage Bros. Co. located in Elk Grove Village, IL is an equipment manufacturer that primarily caters to small to medium sized businesses with applications in confectionery, bakery, cannabis, and food processing. 

Bob Parmley will remain on the Savage Bros. Co. Board of Directors and serve in an advisory capacity.