Doug Bawel

In 1976, Doug joined Jasper Engines & Transmissions as a sales trainee, then became the advertising manager, sales manager, and vice president. The company was purchased in 1987, and he was elected president. In 1989, JASPER became involved with NASCAR, and in 2001, Doug partnered with Roger Penske to form Penske Jasper Engines.

Penske Jasper Racing was formed in 2003 and sold in 2009 to Penske to focus on producing NASCAR Transmissions. On March 2, 2010, Doug announced that Jasper Engines and Transmissions had become a 100% ESOP company. He became the chairman and CEO of Jasper Holdings, Inc. (JHI) when it was later established. In 2023, JHI employed 4,300+ Associates, recorded $1.1 Billion in revenue, and was valued at $1.6 Billion. Since the ESOP‘s inception, JHI has distributed over $609 Million in stock.