, /PRNewswire/ — Consolidated Boring, Inc. (CBI) is pleased to announce that Tyler Evans has assumed the role of Chief Executive Officer (CEO) effective immediately. Mr. Evans now leads the corporate team at CBI as well as the operational teams at its wholly owned subsidiaries, Faxon Machining and American Flowform & Machining. Mr. Evans has also joined the CBI Board of Directors.
CBI would like to thank its outgoing CEO, Robert Faxon. Under Mr. Faxon’s leadership, CBI was formed in 2021, he led the Company to a compounded annual growth rate (CAGR) in revenue of 25%, and directed the investment of more than $15M of capital into the two Companies. Mr. Faxon will remain on CBI’s Board as Chairman.
Mr. Evans brings a wealth of experience in various international markets for aerospace and defense. He has held previous roles in the missile industrial base as President of Missile Solutions and Senior Vice President of Defense for Aerojet Rocketdyne, which was acquired …