Ellery ceo transition planned at year-end
May 20, 2013,
New York - Multi-category home textiles supplier Ellery Homestyles announced that former Sure Fit ceo Hugh Rovit will succeed company founder and Budd Goldman at the end of December 2013.
Rovit joined Ellery today. Goldman will become co-chairman of the company's board of directors.
"I met Budd soon after I entered the home furnishings industry and we have enjoyed a great relationship over the years," Rovit said. "The chance to join Ellery and help execute on the portfolio of exciting growth strategies he and his team are developing is a fantastic opportunity for me."
Rovit currently serves on the board of directors of Spectrum Brands Holdings, a $4 billion publicly-traded global consumer products company.
"I have known Hugh for many years through the industry and am thrilled to welcome him to Ellery, "Goldman said.
"Under his leadership, Sure Fit established itself as a best-in-class business partner to many of the same customers with which we enjoy a similar relationship. His experience managing the company's significant growth during his tenure there will be a tremendous asset as we continue building a leading consumer home products business."
In 2010, private investment firm Trivest Partners acquired a majority stake in Ellery. Managing partner Troy Templeton said that at the time of the purchase, "we committed to Budd that together we would develop and execute a ceo succession plan that would be right for all of Ellery's stakeholders."
He added: "Hugh is a great fit for the company, and the timing is perfect for he and Budd to work together over the balance of the year to ensure a seamless transition."
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