Industry News | January 15, 2010

PrimeSource Promotes Key Executives

PrimeSource FoodService Equipment Inc. today announced the promotion of Darren Anderson to president and chief operating officer, and Robb Gibbins to chief financial officer, positioning PrimeSource for further growth.

Fritzi Woods, previously chairman and chief executive officer of the company, becomes the executive chair and remains the majority share holder. The veteran executive will continue to lead the strategic direction and positioning of the nation’s 11th largest food service equipment and supplies distributor that generates nearly $100 million in revenue annually. PrimeSource, a 10-year-old company, is also one of Texas’ largest minority business enterprises and among the largest hospitality logistics service firms in the US.

Woods has appointed Anderson, currently the acting chief operating officer, to take over the reigns as president, overseeing the daily operations of the company which ships an average of 600 orders each day to its more than 20,000 quick-service restaurant and multi-unit operator customers across the globe. PrimeSource ships to more than 40 countries.

“Darren Anderson’s contributions to PrimeSource span supply, distribution, and logistics and have resulted in reduced landed costs and higher customer satisfaction ratings," Woods said.

Known as a logistics expert, Anderson previously served as a vice president of operations for Voyager Expanded Learning where he directed the purchasing, printing, manufacturing, warehousing, and logistics of a global division with annual sales of more than $156 million.

Robb Gibbins, previously VP of Finance for PrimeSource, has been a member of the executive team at the company for five years. His deep background in finance and the foodservice industry includes his role as chief financial officer of Chicago-based CookTek, LLC, where twice during his tenure he received an award as one of the Inc. 500’s fastest growing businesses. Gibbins also was vice president of finance for Dallas-based APW Wyott Company, an industry leading foodservice equipment manufacturer.

Anderson will direct a dedicated team of more than 55 employees whose major clients include its first and most tenured customer, Yum! Brands Inc., which operates 36,000 restaurants, including Kentucky Fried Chicken, Pizza Hut, Taco Bell, Long John Silver’s, and A&W All-American Food Restaurants. PrimeSource is a previous recipient of the company’s Vendor of the Year Award and is one of its largest system-wide minority business suppliers.

Woods will continue to lead a tenured, highly supportive, and active board, which includes Wes Blair, Sarah Palisi Chapin, Luke Sweetser, and Greg Campbell who will remain as board members of the company. The North Texas Opportunity Fund will continue to provide funding support.

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