Molex recently announced that CEO Martin P. Slark will retire in November.

Martin P. Slark led the company’s significant growth in the past 42 years at Molex, and has doubled Molex’s revenue and profit in the 13 years as CEO, increasing the number of employees worldwide from 27,000 to 46,000.

Slark joined Molex in the UK in 1976 and has held various leadership positions around the world. He served as President of the Southeastern Region of Molex from 1988 to 1994 and served as President of the Americas from 1994 to 1999. Subsequently, Slark served as executive vice president from 1999 to 2001 and served as chief operating officer from 2005.

Slark was elected to the board of Koch Industries in 2017. He will stay on the board and be responsible for driving improvements and advancements in Koch Industries’ new technology applications. Slark will also continue to serve on the boards of Hub Group, Inc., Liberty Mutual Insurance Company and The Northern Trust Corporation.

“It has been an incredible 42 years at Molex, Working first for the Krehbiel family and then for Koch Industries, has been an amazing journey. I am grateful for the many people who have supported me including, my family, friends and everyone here at Molex.” Slark said.

After Slark’s retirement, Molex Chief Operating Officer Joe Nelligan will become CEO.