Business

Link-Belt head promoted to Japanese position

The head of Lexington-based Link-Belt Construction Equipment Co. has been named a vice president of Link-Belt's Japanese parent company, becoming the first officer from a U.S. subsidiary to do so.

The promotion of Chuck Martz, who is chairman, CEO and president of Link-Belt, became effective April 1, the company said. Link-Belt is owned by Sumitomo Heavy Industries, which is based in Tokyo.

Martz joined Link-Belt in 1975 after graduating from the University of Kentucky with a degree in accounting. He became company president in 1998 and CEO in 2007.

Link-Belt designs and manufactures telescopic boom and lattice boom cranes for use in the construction industry. Its 2008 sales exceeded half a billion dollars.

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