Sgsco announces CEO transition
20 March 2019
LOUISVILLE, Ky., Feb. 13, 2019 /PRNewswire/ -- Sgsco, a global leader in omnichannel packaging production and related marketing services, today announced that the company's board of directors (the Board) has appointed Piyush Chaudhari as the new chief executive officer effective March 4, 2019. Mr. Chaudhari also will be elected to the Board. Aidan Tracey will resign his position as chief executive officer and member of the Board to pursue other career interests. Mr. Tracey will work closely with Mr. Chaudhari and the rest of the sgsco leadership team to ensure a smooth transition.
Piyush Chaudhari joins sgsco from IRI, where he was most recently president of the Americas and global strategy. He is a 20-year veteran of client service, operations and technology and has a proven track record of setting business strategy and driving profitable growth. During his tenure at IRI, Mr. Chaudhari oversaw a period of strong customer growth and client retention, having built enduring relationships with leading consumer companies and retailers. Before joining IRI, Piyush was a member of Aon Hewitt's executive committee, involved in setting the firm's direction and ensuring successful execution for its multi-national clients. Prior to Aon Hewitt, Mr. Chaudhari was with McKinsey & Co., where he focused on technology and technology strategy.
"Sgsco is a global leader in its industry and has a proud history of serving its clients with excellence," said Mr. Chaudhari. "I am excited to work with a passionate leadership team and thousands of committed employees at sgsco to enhance our value proposition for clients and drive growth."
"After a very thorough search process, I am thrilled to have Piyush join us as chief executive officer and as a member of our Board. Piyush has a compelling track record of delivering financial results and deep operational experience," said David Mansell, the chairman of sgsco and a managing director at Onex Corporation. "Piyush is the right next leader for sgsco given the breadth of his experience and established relationships in the CPG and retail industries, as well as his demonstrated ability to generate long-term growth and margin improvement."
Mr. Tracey said, "It has been an honor to work with the talented people around the world at sgsco over the last four years. I am proud of the evolution of our services to meet the needs of our valued clients and I am confident that our teams will build upon our success to deliver the next phase of growth. I look forward to working with Piyush and the team to ensure the business transitions smoothly."
Mr. Mansell added, "On behalf of the Board, I would like to thank Aidan for his leadership and dedicated service to sgsco. Aidan's passion and vision were instrumental in building sgsco and positioning us for future success. We wish him the best in his future endeavors."
Sgsco is a global digital enterprise built to help brands win at the Moment of Sale™. With more than 70 years of expertise in end-to-end design-to-consumer graphics services, sgsco is a world leader in omnichannel package design, digital art file creation, branded content production, image carrier manufacturing and global brand guardianship. Sgsco provides tailored, innovative packaging solutions utilizing top experts in design, production and digital services and advanced technology to support many of the world's top consumer packaged goods brands, retailers, pharma, and print and digital media companies. With 4,900 professionals worldwide, sgsco helps companies deliver better, faster and leaner omnichannel solutions into the marketplace. To learn more, visit www.sgsco.com.
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