WATERLOO, IOWA — Waterloo Industries has announced the promotion of two employees to key executive positions. Gary Marcus has been promoted to vice president, marketing and business development, and Deonna Fritz has been promoted to vice president, new product development. AdvertisementClick Here to Read MoreAdvertisement Waterloo Industries manufactures tool storage products and is an operating unit of consumer products company Fortune Brands, Inc. Marcus joined Waterloo Industries as manager, marketing in August of 1999, and most recently served as director, marketing and business development. In his new role as vice president, marketing and business development, Marcus will be responsible for identifying and developing new business opportunities through global market research, analysis and strategic partnerships. He will report to Waterloo Industries President and COO Jerry Heinlen. Fritz began her career with Waterloo Industries in 1987 as an intern. Since then, she has earned several promotions to key marketing positions within the company. Her most recent position was director, sales – Sears Business Group. In her new role as vice president, new product development, Fritz will lead initiatives to identify and develop innovative new products, line extensions and differentiation strategies. Fritz will oversee the Design, Development and Product Management groups and will also report to Heinlen. _______________________________________ Click here to view the rest of today’s headlines.