Federal Resources’ Board Appoints Larry Gwaltney As Chief Executive Officer
Federal Resources Supply Company announced that its Board of Directors has appointed Larry Gwaltney as Chief Executive Officer. Federal Resources also announced that Robert McWilliams, current CEO and Chairman of the Federal Resources Board of Directors, will serve as President and continue as Chairman of the Board.
Federal Resources has experienced exponential growth over the last five years, growing from $80M in revenue in 2012 to $350M+ in revenue in 2017 under Robert McWilliams leadership. This move is in alignment with Federal Resources goals to continue to be the premium solutions provider in the markets that it serves to support the responders and the warfighters throughout the world.
Robert McWilliams commented, “This is the perfect time for Larry to become FR's next CEO. The FR team has worked together to build a tremendous company with growth that continues to amaze our competitors and peers. This strategic move will allow me to focus my time continuing to grow the business while Larry leads the company day-to-day.”
Larry comes to FR from Moore & Van Allen PLLC, a 300-attorney law firm where he served on the firm’s management committee, as co-head of the litigation team, and as FR’s outside general counsel. Prior to joining Moore & Van Allen, Larry was a U.S. Army officer. “As FR’s outside legal counsel, Larry supported FR through financing transactions, key customer and partner deals, and strategic acquisitions.” McWilliams noted. “I am truly excited for him to join the team and assist in accelerating FR’s growth and success.”
“I am honored to join the FR team and look forward to the challenge of providing unique, innovative, holistic solutions to FR’s customers,” said Larry Gwaltney. “I am extremely grateful, and the Company is very fortunate, that Rob continues to devote his incredible energy and talents to the business; I am excited to work beside Rob and with everyone at FR.”