Nationality American Name Maryjo Cohen Net worth $200 Million | Salary $609,752 (2014) Years active 1976-Present | |
Occupation President, CEO of National Presto Industries | ||
Maryjo J. Cohen is an American entrepreneur and business executive known as the Chief Executive Officer of National Presto Industries. Cohen controls 30% of Presto’s stock, worth over $200 million. Cohen lives with her mom in the three-bedroom, poured concrete home in Eau Claire, Wisconsin where she grew up. She has been quoted as saying, "Just about all our competitors have merged or gone out of business. We're the last of the independents." She has a net worth of over $200 million.
Biography
Cohen has been Chief Executive Officer of National Presto Industries since May 1994 and has been its President since May 1989. Ms. Cohen serves as a Treasurer of Presto Manufacturing Company Inc. She served as Interim Chief Financial Officer of National Presto Industries Inc., from June 2008 to September 2008, Treasurer since September 1983 and served as its Vice President since May 1986. Ms. Cohen has been the Chairman of National Presto Industries Inc. since January 2002. She has been with the National Presto Industries Inc. since 1976. Prior to becoming an Officer, she served as an Associate Resident Counsel and Assistant to the Treasurer of National Presto. Ms. Cohen has been a Director of National Presto Industries Inc. since 1988. Her total annual compensation as of 2014 is $609,752.
Under Cohen's leadership, the company acquired AMTEC Corporation in February 2001. AMTEC manufactures 40mm ammunition and precision mechanical and electro-mechanical products for the U.S. Department of Defense (DOD). In July 2003 they acquired Spectra Technologies, which produces munitions and ordinance related products for the DOD and its chief contractors. In 2006, she oversaw the acquisition of Amron LLC, a cartridge case producer used in medium caliber ammunition (primarily for the Department of Defense).
The granddaughter of the late L.E. Phillips, Cohen is the officer of the L.E. Phillips Family Foundation. She is listed as one of the notable members of Beta Gamma Sigma and was a 2013 recipient of the "Futuremakers Partner Award."