Jim Broz

President Setco

Last Reviewed: September 28, 2026

Executive Summary

Jim Broz is President of Setco, a precision spindle manufacturer and repair business founded in 1912 and owned by Holden Industries, an employee-owned holding company based in Deerfield, Illinois. Setco designs, manufactures and services spindles, milling heads and precision slides for machine-tool users in industries such as automotive and aerospace. During his presidency the company has made two moves that reshaped it: in 2021 it announced the relocation of its global headquarters from Cincinnati across the river to Hebron, Kentucky, and in 2023 it acquired the assets of GTI Spindle Technology, a rival spindle-repair and analysis business.

Career Highlights

• President of Setco, the spindle and precision-slide maker owned by Holden Industries.
• In August 2021, announced alongside Kentucky’s governor Setco’s plan to move its global headquarters from Cincinnati to Boone County, Kentucky, a $6.25 million project with 30 new jobs planned.
• In May 2023, led Setco’s asset acquisition of GTI Spindle Technology, which Setco described as bringing together the two largest U.S. spindle repair providers.

Professional Journey

Setco traces its history to 1912 and makes and repairs the spindles at the heart of CNC machine tools, along with milling heads and linear slides. It is a subsidiary of Holden Industries, Inc., which describes itself as 100% employee-owned and operates four wholly owned subsidiaries.

Broz was president of Setco by August 2021, when the Kentucky governor’s office announced that Setco Sales Co. would move its headquarters from Cincinnati to Boone County. The company then had about 60 employees and planned to add 30 jobs through a $6.25 million project. Broz said the new facility would be “a platform for growth in the North American market” and Setco’s “worldwide home” for its global operations and management. Setco’s website now lists its Cincinnati operation as being in Hebron, Kentucky, and calls the Hebron facility its global headquarters.

In May 2023, Setco announced that it had acquired the assets of GTI Spindle Technology, a spindle repair company with locations in New Hampshire, Illinois and North Carolina that is also known for vibration analysis, condition monitoring and predictive-maintenance tools. At the time, Setco had nine locations worldwide. Broz described the two businesses as sharing “a matched passion for new technology, customer care, and quality.” GTI’s Manchester and Bloomington sites now appear among Setco’s locations.

No company or press source was found describing his career before he became president of Setco.

Education

No education record was found in any first-party or press source.