After more than 40 years at Imtra, Chip Farnham is retiring from the New Bedford, Mass., marine products company his grandfather founded.
His departure comes as Imtra reorganizes its sales and product management leadership, naming Alex Larsen executive vice president. Larsen, previously vice president of commercial sales, will now oversee recreational sales, commercial sales, and product management.
Three directors will report to Larsen. Christopher Barnes will lead recreational sales, Eric MacDonald will lead commercial sales, and Colby Chevalier will oversee product management.
Imtra said the new structure is intended to bring the teams into closer alignment while maintaining their individual expertise and customer focus.
For Farnham, who served as vice president of recreational sales, the retirement closes a career tied closely to the company's history. His family held an ownership stake in Imtra for 70 years, and in 2021, he helped guide the decision to establish an employee stock ownership plan, transferring ownership to the company's employees.
Today, Imtra is 100% employee-owned. Farnham will continue to serve on its board of directors.
“Chip has helped shape Imtra into the company it is today, and his contributions extend well beyond sales,” said Eric Braitmayer, Imtra's president and CEO. “The relationships he has built and the care he has shown for our customers have made a lasting difference to our business.”
