Lorne Deacon Takes Over Role; David Rolston to Remain CEO for Two More Years

Lorne Deacon

Hatco Corp. has promoted Lorne Deacon to president as part of a long-term succession plan orchestrated by the FEDA manufacturer member’s board of directors. David Rolston, recent president and CEO, will retain the CEO position for two more years before his planned retirement. 

Deacon joined Hatco in 2018 as director of global marketing and product development. He was promoted to vice president of global marketing in 2019 and was named executive vice president in 2021. His leadership style and personality fit Hatco’s employee stock ownership plan (ESOP) culture, resulting in a smooth transition to leadership.

Deacon has a degree in business marketing from the Haworth School of Business at Western Michigan University. He began his career in the banking and financial sector before joining the foodservice industry in 2013 in an executive leadership role with The Middleby Corp., specifically for Star Holdings. 

Hatco has been a 100 percent employee-owned company since acquiring the remaining 51 percent of the business from second-generation owner David Hatch in 2007. The manufacturer’s long-term goal is to retain employee ownership and continue to deliver “knock-your-socks-off” customer service, innovative products and the best total cost of ownership for commercial foodservice equipment.