Defense Speak Interpreted: Is DARPA Still Around After CHIPS?
Beyond the Board: Orbital High Ground—Why Space Superiority Is Slipping Away
The Government Circuit: Trump’s Trade War Disrupts the Electronics Ecosystem
Jay Geldmacher Joins Electro Rent as Global CEO and President
September 12, 2019 | Globe NewswireEstimated reading time: 2 minutes
Electro Rent, a global leader in test equipment services, today announced the appointment of Jay Geldmacher as the company’s new global CEO and president.
Geldmacher is a seasoned technology executive with over thirty years of experience in building and growing businesses within the electronics manufacturing industry. Most recently, he was the president and CEO of Artesyn Embedded Technologies (formerly Emerson’s Embedded Computing & Power Business) where he championed the expansion of engineering resources and investments in technology into new markets such as hyper-scale, 5G and Industry 4.0.
Geldmacher will succeed current Electro Rent Global CEO Nigel Brown, who is retiring from day-to-day service but will remain active as a shareholder, Chairman and key strategic advisor to the company. Over the last 20 years, Brown has been instrumental in driving the company’s growth both organically and via M&A, expanding its footprint, creating industry-leading equipment services and most recently leading the successful integration of the Microlease and Electro Rent businesses.
“Jay is uniquely qualified to lead the business through its next phase of growth and evolution, building on the company’s position as the global test equipment services provider of choice,” said Brown. “His global technology background and experience developing deep customer relationships is a perfect fit for Electro Rent.”
Electro Rent is a portfolio company of Platinum Equity.
“Nigel has been an exceptional leader and we are pleased to continue our partnership with him in his new role,” said Platinum Equity Partner Louis Samson. “Jay’s leadership style and tireless dedication to customers aligns well with Electro Rent and our long-term aspirations for the business. The company will benefit from his experience penetrating new markets and geographies as well as his sense of urgency and focus on execution.”
Geldmacher will be based in Electro Rent’s headquarters located in West Hills, California and will assume the Global CEO and President role this month.
About Electro Rent
Electro Rent is a leading global provider of test and technology solutions that enable its customers to accelerate innovation and optimize investments. Electro Rent’s rental, lease, sales and asset management solutions serve industry-leading innovators in communications, aerospace and defense, automotive, energy, education, and general electronics, and have done so since 1965. More information is available at www.electrorent.com.
About Platinum Equity
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $13 billion of assets under management and a portfolio of approximately 40 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. Over the past 23 years, Platinum Equity has completed more than 200 acquisitions.
Share on:
Suggested Items
S&K Aerospace Awarded Major Contract Under DLA Maritime Acquisition Advancement Program
07/02/2025 | BUSINESS WIRES&K Aerospace, LLC has been awarded a significant contract under the Defense Logistics Agency’s (DLA) Maritime Acquisition Advancement Program, managed by the U.S. Naval Supply Command - Weapon Systems Support (NAVSUP WSS) in Mechanicsburg, PA.
Green Circuits to Exhibit Full-Service Electronics Manufacturing Solutions at 2025 SMD Symposium
07/02/2025 | Green CircuitsGreen Circuits, a full-service Electronics Manufacturing Services (EMS) partner to leading OEMs, is pleased to announce its participation in the 2025 SMD Symposium, taking place August 5-7 at the Von Braun Center in Huntsville, Alabama.
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
06/27/2025 | Nolan Johnson, I-Connect007While news outside our industry keeps our attention occupied, the big news inside the industry is the rechristening of IPC as the Global Electronics Association. My must-reads begins with Marcy LaRont’s exclusive and informative interview with Dr. John Mitchell, president and CEO of the Global Electronics Association. For designers, have we finally reached the point in time where autorouters will fulfill their potential?
Knocking Down the Bone Pile: Tin Whisker Mitigation in Aerospace Applications, Part 3
06/25/2025 | Nash Bell -- Column: Knocking Down the Bone PileTin whiskers are slender, hair-like metallic growths that can develop on the surface of tin-plated electronic components. Typically measuring a few micrometers in diameter and growing several millimeters in length, they form through an electrochemical process influenced by environmental factors such as temperature variations, mechanical or compressive stress, and the aging of solder alloys.
RTX, the Singapore Economic Development Board Sign MOU Outlining 10-year Growth Roadmap
06/20/2025 | RTXRTX and the Singapore Economic Development Board (EDB) have signed a Memorandum of Understanding (MoU) which outlines a 10-year roadmap to further long-term strategic collaboration in Singapore.