(NAFB) – The Association of Equipment Manufacturers President Dennis Slater will retire at the end of the year, the organization announced late last week.

The AEM Board of Directors has selected AEM’s Construction and Utility Sector Senior Vice President Megan Tanel to succeed Slater and serve as AEM President effective January 2022. Slater, 63, joined AEM’s predecessor, the Construction Industry Manufacturers Association in 1982, becoming president of CIMA in 1998 and president of the newly formed AEM in 2002, after a merger between CIMA and Equipment Manufacturers Institute.

AEM Chair Chairman Steve Berglund says, “Through Dennis’ leadership and impressive contributions to the industry for nearly 40 years, AEM has built tremendous value and momentum for our members and the industry.”

Tanel, 48, joined AEM in 1995 as an intern, becoming a full-time employee later that year. She quickly grew in leadership to her most recent position of Senior Vice President, Construction & Utility Sector.