Zep Inc. Establishes 8 Businesses to Create Closer Customer Interaction
ATLANTA, May 28, 2008 (BUSINESS WIRE) --
Company: Zep Inc (ZEP)
In pursuit of its strategy to achieve profitable growth by creating customer-focused "value stream" organizations, Zep Inc. (NYSE: ZEP) has established eight market-facing businesses. William A. (Bill) Holl, previously Executive Vice President and Chief Commercial Officer, has been named Chief Operating Officer with responsibility for these businesses.
"Bill and his team have clearly demonstrated results in the early transformation of Zep Inc. as we position ourselves for profitable growth," stated John K. Morgan, Chairman, President and Chief Executive Officer of Zep Inc. "My congratulations go out to those selected to run the businesses and to the many people who will be given new opportunities and challenges as we grow."
"Individuals leading each business or 'value stream' will run them with entrepreneurial vigor to help drive performance more assertively by making decisions and deploying resources as close as possible to our customers," Mr. Morgan continued.
The eight businesses are:
-- Zep West - includes Western Canada and several western U.S. states. Ralph Puertas, formerly President, Zep Canada, has been named President of Zep West.
-- Zep Central - includes many southwestern U.S. states and some Central Plains states. Robert L. Droke, II has been hired to serve as president of Zep Central. Prior to joining Zep Inc., Mr. Droke was a Vice President at Banner Commercial, a real estate advisory and consulting firm.
-- Zep Southeast - includes many southeastern U.S. states. Joe Dymecki, previously Vice President, Southeast division, has been named President of Zep Southeast.
-- Zep Midwest - includes the upper midwestern U.S. states. Tom Moffett, previously Vice President and General Manager for Zep and Selig, has been named President of Zep Midwest.
-- Zep East - includes several eastern U.S. states and the Canadian provinces east of Manitoba. Tom Moffett is overseeing Zep East until a new president is appointed.
-- Zep Europe - includes all of the Company's European business. Alessandro Brighenti, previously General Manager, Italy, has been appointed President of Zep Europe.
-- Zep Retail - includes all of the Company's business with retailers. Lisa B. Malloy has been hired to serve as President of Zep Retail. Before joining Zep Inc., Ms. Malloy was Senior Global Product Merchant with The Home Depot's $1.7 billion retail carpet and installation supplies business.
-- Zep Industrial Distribution - will develop and manage the Company's business through industrial distributors. Philip Snellen, formerly head of the Company's core marketing team, has been named Vice President of Industrial Distribution.
"Backed by shared, corporate services, each of these businesses will be closer to our customers and will have more decision-making authority to meet customer needs," concluded Mr. Holl. "We are convinced that this new operating structure will enable Zep Inc. to recapture our market position and build for the future."
About Zep Inc.
Zep Inc. (NYSE: ZEP), with fiscal year 2007 net sales of more than $565 million, is a leading producer, marketer, and service provider of a wide range of cleaning and maintenance solutions for commercial, industrial, institutional, and consumer end-markets. Zep's product portfolio includes anti-bacterial and industrial hand care products, cleaners, degreasers, deodorizers, disinfectants, floor finishes, sanitizers, and pest and weed control products. The Company markets these products and services under well recognized and established brand names, such as Zep(R), Zep Commercial(R), Enforcer(R), National Chemical(R) and Selig(TM), some of which have been in existence for more than 70 years. Zep is headquartered in Atlanta, Georgia and has approximately 2,600 employees. Visit the Company at www.zepinc.com.
SOURCE: Zep Inc.
Zep Inc. Catherine M. Frost, 404-605-8714
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Company: Zep Inc (ZEP)
