diff --git a/rclcpp_components/include/rclcpp_components/component_manager.hpp b/rclcpp_components/include/rclcpp_components/component_manager.hpp
index 34b2ea4d39..62834efa81 100644
--- a/rclcpp_components/include/rclcpp_components/component_manager.hpp
+++ b/rclcpp_components/include/rclcpp_components/component_manager.hpp
@@ -78,6 +78,21 @@ class ComponentManagerException : public std::runtime_error
 /// ComponentManager handles the services to load, unload, and get the list of loaded components.
 class ComponentManager : public rclcpp::Node
 {
+  struct DedicatedExecutorWrapper
+  {
+    std::shared_ptr<rclcpp::Executor> executor;
+    std::thread thread;
+    std::atomic_bool thread_initialized;
+
+    /// Constructor for the wrapper.
+    /// This is necessary as atomic variables don't have copy/move operators
+    /// implemented so this structure is not copyable/movable by default
+    explicit DedicatedExecutorWrapper(std::shared_ptr<rclcpp::Executor> exec)
+    : executor(exec), thread_initialized(false)
+    {
+    }
+  };
+
 public:
   using LoadNode = composition_interfaces::srv::LoadNode;
   using UnloadNode = composition_interfaces::srv::UnloadNode;
@@ -225,6 +240,16 @@ class ComponentManager : public rclcpp::Node
   rclcpp::Service<LoadNode>::SharedPtr loadNode_srv_;
   rclcpp::Service<UnloadNode>::SharedPtr unloadNode_srv_;
   rclcpp::Service<ListNodes>::SharedPtr listNodes_srv_;
+
+private:
+  /// Stops a spinning executor avoiding race conditions.
+  /**
+   * @param executor_wrapper executor to stop and its associated thread
+   */
+  void
+  cancel_executor(DedicatedExecutorWrapper & executor_wrapper);
+
+  std::unordered_map<uint64_t, DedicatedExecutorWrapper> dedicated_executor_wrappers_;
 };
 
 }  // namespace rclcpp_components
diff --git a/rclcpp_components/include/rclcpp_components/component_manager_isolated.hpp b/rclcpp_components/include/rclcpp_components/component_manager_isolated.hpp
index dfe0c79a32..c5c4af383e 100644
--- a/rclcpp_components/include/rclcpp_components/component_manager_isolated.hpp
+++ b/rclcpp_components/include/rclcpp_components/component_manager_isolated.hpp
@@ -37,7 +37,12 @@ namespace rclcpp_components
 {
 /// ComponentManagerIsolated uses dedicated single-threaded executors for each components.
 template<typename ExecutorT = rclcpp::executors::SingleThreadedExecutor>
-class ComponentManagerIsolated : public rclcpp_components::ComponentManager
+class
+[[deprecated(
+  "ComponentManagerIsolated is deprecated. Use ComponentManager, and specify the type of executor "
+  "you want to use for each node with the 'executor_type' parameter of "
+  "load_node.")]]
+ComponentManagerIsolated : public rclcpp_components::ComponentManager
 {
   using rclcpp_components::ComponentManager::ComponentManager;
 
diff --git a/rclcpp_components/include/rclcpp_components/node_instance_wrapper.hpp b/rclcpp_components/include/rclcpp_components/node_instance_wrapper.hpp
index 2705e4e8b3..22d6bf5387 100644
--- a/rclcpp_components/include/rclcpp_components/node_instance_wrapper.hpp
+++ b/rclcpp_components/include/rclcpp_components/node_instance_wrapper.hpp
@@ -22,6 +22,14 @@
 
 namespace rclcpp_components
 {
+
+enum class ExecutorType
+{
+  Shared,
+  SingleThreaded,
+  MultiThreaded,
+};
+
 /// The NodeInstanceWrapper encapsulates the node instance.
 class NodeInstanceWrapper
 {
@@ -35,9 +43,15 @@ class NodeInstanceWrapper
 
   NodeInstanceWrapper(
     std::shared_ptr<void> node_instance,
-    NodeBaseInterfaceGetter node_base_interface_getter)
-  : node_instance_(node_instance), node_base_interface_getter_(node_base_interface_getter)
-  {}
+    NodeBaseInterfaceGetter node_base_interface_getter,
+    ExecutorType executor_type = ExecutorType::Shared,
+    int thread_num = 0)
+  : executor_type_(executor_type),
+    thread_num_(thread_num),
+    node_instance_(node_instance),
+    node_base_interface_getter_(node_base_interface_getter)
+  {
+  }
 
   /// Get a type-erased pointer to the original Node instance
   /**
@@ -62,7 +76,33 @@ class NodeInstanceWrapper
     return node_base_interface_getter_(node_instance_);
   }
 
+  ExecutorType
+  get_executor_type()
+  {
+    return executor_type_;
+  }
+
+  int
+  get_thread_num()
+  {
+    return thread_num_;
+  }
+
+  void
+  set_executor_type(ExecutorType executor_type)
+  {
+    executor_type_ = executor_type;
+  }
+
+  void
+  set_thread_num(int thread_num)
+  {
+    thread_num_ = thread_num;
+  }
+
 private:
+  ExecutorType executor_type_;
+  int thread_num_;
   std::shared_ptr<void> node_instance_;
   NodeBaseInterfaceGetter node_base_interface_getter_;
 };
diff --git a/rclcpp_components/src/component_container_isolated.cpp b/rclcpp_components/src/component_container_isolated.cpp
index dbb4c134eb..6436026d03 100644
--- a/rclcpp_components/src/component_container_isolated.cpp
+++ b/rclcpp_components/src/component_container_isolated.cpp
@@ -21,8 +21,11 @@
 #include "rclcpp/utilities.hpp"
 
 #include "rclcpp_components/component_manager_isolated.hpp"
-
-int main(int argc, char * argv[])
+[[deprecated(
+  "component_container_isolated is deprecated. Use component_container, and specify the type of "
+  "executor you want to use for each node with the 'executor_type' parameter of load_node.")]]
+int
+main(int argc, char * argv[])
 {
   /// Component container with dedicated single-threaded executors for each components.
   rclcpp::init(argc, argv);
@@ -46,6 +49,11 @@ int main(int argc, char * argv[])
       rclcpp_components::ComponentManagerIsolated<rclcpp::executors::SingleThreadedExecutor>;
     node = std::make_shared<ComponentManagerIsolated>(exec);
   }
+
+  RCLCPP_WARN(node->get_logger(),
+    "component_container_isolated is deprecated. Use component_container, and specify the type of "
+    "executor you want to use for each node with the 'executor_type' parameter of load_node.");
+
   exec->add_node(node);
   exec->spin();
 
diff --git a/rclcpp_components/src/component_manager.cpp b/rclcpp_components/src/component_manager.cpp
index ac2df6d812..8ef956f95f 100644
--- a/rclcpp_components/src/component_manager.cpp
+++ b/rclcpp_components/src/component_manager.cpp
@@ -37,6 +37,7 @@
 #include "rcl_interfaces/msg/integer_range.hpp"
 
 #include "rcpputils/split.hpp"
+#include "rcpputils/thread_name.hpp"
 
 #include "rmw/types.h"
 
@@ -83,9 +84,19 @@ ComponentManager::~ComponentManager()
     RCLCPP_DEBUG(get_logger(), "Removing components from executor");
     if (auto exec = executor_.lock()) {
       for (auto & wrapper : node_wrappers_) {
-        exec->remove_node(wrapper.second.get_node_base_interface());
+        if (wrapper.second.get_executor_type() == ExecutorType::Shared) {
+          RCLCPP_DEBUG(get_logger(), "Removing node %lu from shared executor.", wrapper.first);
+          exec->remove_node(wrapper.second.get_node_base_interface());
+        }
       }
     }
+
+    for (auto & executor_wrapper : dedicated_executor_wrappers_) {
+      RCLCPP_DEBUG(get_logger(), "Removing node %lu's executor.", executor_wrapper.first);
+      cancel_executor(executor_wrapper.second);
+    }
+
+    node_wrappers_.clear();
   }
 }
 
@@ -248,16 +259,63 @@ ComponentManager::set_executor(const std::weak_ptr<rclcpp::Executor> executor)
 void
 ComponentManager::add_node_to_executor(uint64_t node_id)
 {
-  if (auto exec = executor_.lock()) {
-    exec->add_node(node_wrappers_[node_id].get_node_base_interface(), true);
+  if (node_wrappers_[node_id].get_executor_type() == ExecutorType::Shared) {
+    if (auto exec = executor_.lock()) {
+      exec->add_node(node_wrappers_[node_id].get_node_base_interface(), true);
+    }
+    return;
   }
+
+  std::shared_ptr<rclcpp::Executor> exec;
+  switch (node_wrappers_[node_id].get_executor_type()) {
+    case ExecutorType::Shared:
+      break;  // Unreachable
+    case ExecutorType::SingleThreaded:
+      exec = std::make_shared<rclcpp::executors::SingleThreadedExecutor>();
+      break;
+    case ExecutorType::MultiThreaded:
+      exec = std::make_shared<rclcpp::executors::MultiThreadedExecutor>(
+        rclcpp::ExecutorOptions(), node_wrappers_[node_id].get_thread_num());
+      break;
+  }
+
+  exec->add_node(node_wrappers_[node_id].get_node_base_interface());
+
+  // Emplace rather than std::move since move operations are deleted for atomics
+  auto result = dedicated_executor_wrappers_.emplace(std::make_pair(node_id, exec));
+  DedicatedExecutorWrapper & wrapper = result.first->second;
+  wrapper.executor = exec;
+  auto & thread_initialized = wrapper.thread_initialized;
+  auto name = node_wrappers_[node_id].get_node_base_interface()->get_name();
+  // Copy name so that it doesn't deallocate before the thread is started
+  wrapper.thread = std::thread([exec, &thread_initialized, name]() {
+        try {
+          rcpputils::set_thread_name(name);
+        } catch (const std::system_error & e) {
+          RCLCPP_WARN(rclcpp::get_logger("rclcpp"),
+        "Failed to set thread name: %s (%s)",
+        e.what(),
+        e.code().message().c_str());
+        }
+        thread_initialized = true;
+        exec->spin();
+  });
 }
 
 void
 ComponentManager::remove_node_from_executor(uint64_t node_id)
 {
-  if (auto exec = executor_.lock()) {
-    exec->remove_node(node_wrappers_[node_id].get_node_base_interface());
+  if (node_wrappers_[node_id].get_executor_type() == ExecutorType::Shared) {
+    if (auto exec = executor_.lock()) {
+      exec->remove_node(node_wrappers_[node_id].get_node_base_interface());
+    }
+    return;
+  }
+
+  auto executor_wrapper = dedicated_executor_wrappers_.find(node_id);
+  if (executor_wrapper != dedicated_executor_wrappers_.end()) {
+    cancel_executor(executor_wrapper->second);
+    dedicated_executor_wrappers_.erase(executor_wrapper);
   }
 }
 
@@ -307,6 +365,18 @@ ComponentManager::on_load_node(
         throw ComponentManagerException("Component constructor threw an exception");
       }
 
+      if (request->executor_type == "") {
+        node_wrappers_[node_id].set_executor_type(ExecutorType::Shared);
+      } else if (request->executor_type == "SingleThreadedExecutor") {
+        node_wrappers_[node_id].set_executor_type(ExecutorType::SingleThreaded);
+      } else if (request->executor_type == "MultiThreadedExecutor") {
+        node_wrappers_[node_id].set_executor_type(ExecutorType::MultiThreaded);
+        node_wrappers_[node_id].set_thread_num(request->thread_num);
+      } else {
+        node_wrappers_.erase(node_id);
+        throw ComponentManagerException("Invalid executor_type: " + request->executor_type);
+      }
+
       add_node_to_executor(node_id);
 
       auto node = node_wrappers_[node_id].get_node_base_interface();
@@ -362,4 +432,31 @@ ComponentManager::on_list_nodes(
   }
 }
 
+void
+ComponentManager::cancel_executor(DedicatedExecutorWrapper & executor_wrapper)
+{
+  // Verify that the executor thread has begun spinning.
+  // If it has not, then wait until the thread starts to ensure
+  // that cancel() will fully stop the execution
+  //
+  // This prevents a previous race condition that occurs between the
+  // creation of the executor spin thread and cancelling an executor
+
+  if (!executor_wrapper.thread_initialized) {
+    auto context = this->get_node_base_interface()->get_context();
+
+    // Guarantee that either the executor is spinning or we are shutting down.
+    while (!executor_wrapper.executor->is_spinning() && rclcpp::ok(context)) {
+      // This is an arbitrarily small delay to avoid busy looping
+      rclcpp::sleep_for(std::chrono::milliseconds(1));
+    }
+  }
+
+  // After the while loop we are sure that the executor is now spinning, so
+  // the call to cancel() will work.
+  executor_wrapper.executor->cancel();
+  // Wait for the thread task to return
+  executor_wrapper.thread.join();
+}
+
 }  // namespace rclcpp_components