Board Vice Chairman & Founding CEO
For more than two decades, Frank Foti led Vigor’s transformation from a single, struggling shipyard to a thriving, increasingly diversified industrial company with approximately 2,200 employees and seven locations. Under Frank’s leadership the company diversified from ship repair and modernization, to include shipbuilding and advanced fabrication in hydroelectric power, offshore wind and wave energy, nuclear products, bridge construction, and aerospace.
Frank improved long-term, family-wage job opportunities – and the benefit those jobs bring to workers’ families and communities. He made Vigor more competitive by strategic expansion and diversification and sought to make the company more socially responsible by investing in training, authentic leadership, diversity and environmental stewardship. He developed Vigor into a company driven by four core values: truth, responsibility, evolution and love.
In 2019, Frank transferred majority ownership of Vigor to The Carlyle Group and Stellex Capital Management in a sale that allows Vigor to continue its culture of honesty, respect, and entrepreneurism while providing the resources needed to take Vigor to the next level. Frank remains a minority owner and serves as Vice Chairman of the Board of Directors.