Patrick J. Dempsey has been the President and CEO of Barnes Group Inc. since March 2013, a role he stepped into after a series of promotions within the company. He joined Barnes in 2000 and climbed the ladder from Vice...
Patrick J. Dempsey has been the President and CEO of Barnes Group Inc. since March 2013, a role he stepped into after a series of promotions within the company. He joined Barnes in 2000 and climbed the ladder from Vice President to CEO, showing his deep commitment and understanding of the business. Interestingly, Dempsey took a temporary leave in March 2022 to take care of a family health issue but bounced back. He also had a brief retirement from Fidelity D & D Bancorp in May 2020, which was not due to any disagreements. His compensation package reflects a strong alignment with performance, where he earned over $8 million in 2020, with most of it from vested stocks rather than a traditional cash bonus, highlighting his focus on long-term success over immediate rewards. Dempsey has a solid education background, although specifics aren’t noted, and his hands-on experience in management underlines his leadership style. Outside of Barnes, he serves on the board of Nucor Corporation, bringing a wealth of industry knowledge to the table. His journey shows a clear evolution from an operational leader to a strategic executive, emphasizing growth and resilience in business.