Neil A. Schrimsher is the CEO of Applied Industrial Technologies, Inc., where he has led the company since October 2011. With a Bachelor’s Degree in Business Administration and extensive experience in operations, Neil has built a diverse career. Before joining...
Neil A. Schrimsher is the CEO of Applied Industrial Technologies, Inc., where he has led the company since October 2011. With a Bachelor’s Degree in Business Administration and extensive experience in operations, Neil has built a diverse career. Before joining Applied, he was the Executive Vice President at Cooper Industries and held key positions at Siemens and General Electric. Under his leadership, the company has focused on operational excellence and strategic growth, which is supported by his strong background in manufacturing and supply chain management. Neil has made a significant financial impact, with his total compensation reaching $2.6 million in 2022, primarily from his performance-based bonuses. He is known for his savvy in managing asset growth, notably seeing his holdings in the company rise from approximately $9.47 million in 2019 to around $45.91 million in early 2023. This growing wealth reflects his confidence in Applied's future. Beyond that, he successfully transitioned from a notable legacy in his industry, showcasing a blend of innovation and stability that greatly benefits the company and its stakeholders.