December 5, 2016
Sioux Falls, SD—SULLIVAN, INC., (www.sullivangift.com) an industry leading designer and distributor of everyday, seasonal and branded home decor products, headquartered in Sioux Falls, SD, announced that its Board of Directors has appointed Tom Russo as its new Chief Executive Officer. Russo succeeds Mark J. Miller who tendered his resignation in November 2016 for personal reasons.
Russo, who most recently served as the President & CEO at Vandor LLC, comes to Sullivans with over 20 years of executive leadership experience and a track record of profitable growth across several consumer product industries including giftware, tabletop and housewares. He brings expertise in strategic planning, new product development, channel expansion and Asian sourcing.
"I’m very pleased to join Sullivans, a company with a rich history and even brighter future”, said Russo. “Sullivans’ staying power is the result of great product design, exceptional customer service and a very dedicated, talented team of employees and sales representatives. We will build upon this strong foundation to take the company to new heights. The timing is perfect with the winter show season upon us, and Sullivans poised to introduce over 1,300 exciting new products at the shows”.
David Logan, Fort Point Capital Operating Partner and Chairman of the Board at Sullivans said, "Tom brings very relevant experience in the giftware industry. He is inheriting a strong team and new product pipeline going into 2017. We feel very confident in our continued growth and success under Tom’s leadership". Fort Point Capital invested in Sullivans in 2014.
For more information on Sullivans, call 800.456.4568, visit www.sullivangift.com or contact your local Sullivans' sales representative to request a catalog or to locate a showroom near you.
About Fort Point Capital
Based in Boston, Massachusetts, Fort Point Capital is a private equity firm that invests in lower middle market, service-oriented companies in partnership with strong management teams. Fort Point Capital is currently investing from FPC Small Cap Fund I. Please contact Fort Point at (617) 302-2444 or visit www.fortpointcapital.com.