Magswitch Technologies Announces CEO Transition: Stephen De Bever Appointed as Group CEO
Superior, Colorado – March 3, 2025 – Magswitch Technologies, a global leader in magnetic industrial solutions, is pleased to announce the appointment of Stephen De Bever as its new Group CEO. He succeeds David Morton, Founder and current CEO, who will transition into an Executive Board role, continuing to guide the company’s long-term growth and innovation.
A Legacy of Innovation and Growth
Founded in 2003 by David Morton, Magswitch has revolutionized magnetic gripping technology, establishing a robust intellectual property portfolio and expanding its market presence across multiple industries worldwide. Under Morton’s leadership, the company has grown into a premier technology provider, enhancing efficiency, safety, and performance across a broad spectrum of industrial applications.
A Vision for the Future
With more than two decades of executive leadership experience, Stephen De Bever has a proven background in business transformation, operational efficiency, market expansion, and financial strategy. He has previously held key leadership roles, including CEO, COO, and President, at leading companies such as Fluidra USA, Brundage Bone Concrete Pumping, and NITROCrete LLC.
As Group CEO, De Bever will lead Magswitch into its next phase of growth, with a focus on:
- Driving global expansion and sustainable revenue growth
- Fostering an innovation-driven, high-performance culture
- Building strategic partnerships and stakeholder relationships
- Expanding digital and e-commerce strategies to enhance market reach
Board and Investor Confidence in Future Growth
Following Carmelina Capital Partners' investment in 2022, Magswitch has positioned itself for accelerated global expansion. The Board is confident that under De Bever’s leadership, the company will continue its mission to be the premier innovator and provider of advanced magnetic gripping solutions and end of arm tooling systems.
"Stephen brings a wealth of experience in scaling businesses and driving operational excellence," said David Morton. "His leadership will be instrumental in shaping Magswitch’s future, and I look forward to continuing my support in my new role on the Board."
Expressing his enthusiasm for the new role, Stephen De Bever stated:
"Magswitch’s legacy of innovation and strong engineering foundation align perfectly with my passion for building high-performing organizations. I am eager to build on the company’s momentum, leveraging its intellectual property portfolio, strong market position, and exceptional talent to drive long-term value for our customers and stakeholders."
The Magswitch team, Board of Directors, and stakeholders welcome Stephen De Bever and look forward to his leadership in advancing the company’s innovation, global reach, and market success.
About Magswitch Technologies: Magswitch Technologies is a leading innovator in magnetic technology, revolutionizing industries worldwide with its patented solutions. Committed to safety, efficiency, and productivity, Magswitch continues to set new standards in the field.
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