PEOSTA, Iowa — Mi-T-M Corp. recently announced that its longtime president will retire this spring and the company’s board of directors named his successor.

Sam Humphrey will retire June 1 after 32 years with the company and 27 years as president, according to a press release. He will remain on the company board of directors until his term expires.

“Humphrey has played an instrumental role at Mi-T-M and has helped guide the company through many milestones, including new equipment introductions, numerous business partnerships, an over-1-million-square-foot facility expansion, customer growth and becoming an employee-owned company,” the release states.

Humphrey in the release said he was “deeply honored” to have been able to lead the company and that Mi-T-M “is well-positioned to grow and thrive in the years to come.”

The company board of directors selected Rick Stanley to succeed Humphrey and serve as president and CEO.

“Stanley is a talented and seasoned leader and has held many executive positions with large national companies, including Liberty Diversified International, Flexsteel, Brunswick and Whirlpool,” the release states. “He has 28 years of corporate management experience and will work side by side with Humphrey until June.”