Pennsylvania-based Polyconcept has appointed Neil Ringel as its new CEO replacing Gene Colleran, the company has announced. Ringel will take over full group responsibilities for the firm including PCNA and PF Concept.
“We appreciate Gene’s many contributions to Polyconcept and wish him the very best,” said Josh Klevens, managing director at PE firm Charlesbank Capital Partners, which has Polyconcept among its portfolio companies. “We’re delighted to welcome Neil to the company and are confident that his impressive experience and leadership track record will allow Polyconcept to continue its positive momentum while finding new and better ways to serve its customers and forge an even stronger future.”
Ringel has more than 20 years of experience at Staples, where he held various executive roles with responsibility over the salesforce, digitization and M&A activity, as well as oversight for the Staples Promotional Products (asi/120601) business. As president of Staples’ North American delivery business, he helped grow the company’s B2B division into a $10 billion enterprise supporting more than 1.5 million customers. Most recently, Ringel headed the company’s Corporate Development activities, where he was charged with executing and integrating multiple strategic acquisitions.
“Polyconcept is a market leader known for its innovation, global capabilities and strong customer service,” said Ringel. “I’m proud to join this talented, passionate management team and look forward to leveraging my experience to help the company strengthen its position as a market leader.”
Added David Nicholson, president of PCNA: “We’re excited to welcome Neil to the Polyconcept family. His leadership and experience – both within the B2B domain and our market – will be an asset to the company. We’re looking forward to working with Neil to build upon Polyconcept’s terrific foundation and to enhance our value to our distributor partners.”
In its most recent listing, Counselor ranked PCNA as the third largest supplier in the industry, with reported annual North American promotional products sales of $606.3 million. Follow www.asicentral.com/news and Counselor PromoGram for more details on this developing story.