Home » Rich Holdings Keeps Family-Owned Tradition With New Chairman
Executive News Northeast Wholesaler/Distributor News

Rich Holdings Keeps Family-Owned Tradition With New Chairman

Melinda "Mindy" R. Rich

Buffalo, New York-based Rich Holdings has promoted Melinda “Mindy” R. Rich to become chairman of the family-owned corporate parent, Rich Holdings. She previously served as vice chairman, EVP and a member of the board for Rich Products Corporation.

In this transition, she succeeds Robert E. Rich Jr., who served as chairman for 16 years. Rich Jr. will become a senior chairman to support his wife as she leads the company.

Mindy Rich joined Rich Products Corporation in 1985 and worked in various roles as part of the leadership team, including EVP of innovation. In that position, she unified initiatives across the enterprise, established best practices and processes and identified new business opportunities and technologies. She also expanded the breadth and accelerated the pace of product development in support of Rich’s long-term growth strategies. She also chairs the board’s finance audit, compensation and organization committees.

“This decision was made after years of very deliberate and careful planning,” she said in a message to the company’s more than 12,500 employees worldwide.

“Intentional succession planning is a crucial part of fostering a robust leadership pipeline – especially in a family-led company like ours. We expect and demand that our senior leaders actively participate in this kind of forethought, and we hold ourselves accountable to the same expectations as stewards of…our family of businesses.”

Over the course of her career, Mindy Rich focused on developing and nurturing the company’s organizational culture and work/life programs. She also served as executive vice chair of Rich Entertainment Group, responsible for overseeing the organization’s baseball, theater, restaurant and travel interests.

She is a member of the corporate board of directors and the compensation and human capital committee for M&T Bank Corp. She also is a member of the Cleveland Clinic board; the board of trustees for Cleveland Rock & Roll/Rock & Roll Hall of Fame and Museum; and an advisor on BDT Capital Partners LLC’s advisory board.

“We are steadfast in our commitment to remaining a private, family-owned company,” Rich Jr. said. “This was a deep desire of our founder, my father, Robert E. Rich Sr. And, over the years, his aspiration morphed into an unwavering, family-wide directive that is as fundamental to our identity as a company as the delicious products we make.”

“Maintaining this core value requires diligent design and preparation at all levels of the organization, but particularly as it pertains to succession planning for our most senior leaders. In her role as chairman, Mindy will assume stewardship of our multi-billion dollar, global enterprise, leading us into the future,” added Rich Jr.

After the past two years of uncertainty and changed plans due to the COVID-19 pandemic, we all hoped that 2022 might bring back a sense of normalcy.

However, with government and independent data confirming 40 years of inflation highs and Wall Street entering a bear market, grocers now have new challenges to face.

In this webinar, we will hear from Todd Taylor of Neighborhood Fresh and Darlene Murphy of Metcalfe’s Market about why shopper loyalty is so important in this time of inflation.

Register Now To Attend

CPG + Grocery Retailers’ Rapid Response to Shifting Consumer Behavior Is Impressive and Ongoing

At every twist and turn, brands and retailers have responded to crisis and disruption with innovation, ingenuity, and reinvention. Until the next big thing pops up, many of the changes to the way consumers now shop for groceries and purchase CPG retail items expect to remain. Despite their nimbleness over the last two-plus years, brands and retailers must continue to improve to meet evolving expectations and demands of consumers.

Learn More From Vericast

Featured Photos

Featured Photo Barons Market Flagship Store
Point Loma Community
Huntington Beach, California
Share via
Copy link
Powered by Social Snap