Littleton firm names Assumption grad as president following transition to employee ownership
Image | Courtesy of Colonial Systems
Scott Lynch, president and CEO of Colonial Systems
Colonial Systems, a Littleton-based company specializing in installing commercial interiors and furniture, has named Scott Lynch as its new president, following the firm’s transition to an employee ownership plan.
Lynch started as the company’s CFO in 2015 before being promoted to CEO in 2020, according to a press release issued by Colonial on Wednesday. In addition to leading the company’s operations, he will oversee the company’s Employee Stock Ownership Plan.
“I’m very grateful to Gene and Felica Kosman for the opportunity to lead such a dynamic and forward-looking organization,” Lynch said in the press release. “Colonial Systems’ distinguished team of leaders, foremen, and field staff is unsurpassed in expertise and versatility, and I am proud to reinvest in that team by spearheading our company’s transition to an ESOP. I hope that our example serves as an inspiration for other companies looking to do the same.”
Lynch takes over the president role from Felicia Kosman, who retired in October after 31 years with the company, according to her LinkedIn profile. Colonial was founded in 1992 by Kosman, along with Gene Kosman, in Charlestown, according to the company’s website. Following a stint in Wilmington, the company moved to Littleton in 2016.
Prior to joining Colonial, Lynch spent 20 years at Red Thread Spaces, a Wilmington-based office furnature company. He is a graduate of Assumption University in Worcester with a bachelor’s degree in accounting, according to the release.
The company completed its transition to being 100% employee-owned in 2023. Colonial joins Leominster’s Process Cooling Systems as Central Massachusetts companies who switched to employee ownership in the last year.
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