Two top executives at Rich Products (Rich’s) plan to retire, as the company announces promotions and the creation of a new office.
Ray Burke president and chief operating officer, U.S.-Canada region will retire Dec. 31, followed by Jim Deuschle, executive vice president and chief financial officer, on March 31, 2022. The two have a combined 67 years of service at the family-owned company.
“Ray, Jim and I have known each other for most of our professional careers and I’m infinitely proud of their leadership and all they’ve done to create the position of strength Rich Products operates from today,” said Rich’s President and CEO Richard Ferranti. “Their focus, discipline and vision have been critical to our ability to emerge from the pandemic with a strong global business, healthy balance sheet, diversified portfolio and aggressive growth plans.”
Kevin Spratt has been promoted to president, U.S.-Canada region and David Faturos has been promoted to executive vice president, chief financial officer. Dave Cowperthwait will join the executive team as executive vice president, chief supply chain officer, a newly created role at Rich’s. Beyond the core executive team, Rich’s announced a number of additional leadership changes including Lauren Lopez, who has been promoted to senior vice president, foodservice division.
Also, Rich’s has announced the creation of a new Transformation Office, which will be overseen by Georgia Dachille, executive vice president, chief innovation, strategy and transformation officer, and led by Kristin Alongi, who has been named vice president, business transformation. This office will be tasked with creating an organized, focused strategy and governance process around the organization’s portfolio, productivity and digital transformation initiatives.
About Rich’s
Rich’s, also known as Rich Products Corporation, is a family-owned food company dedicated to inspiring possibilities. From cakes and icings to pizza, appetizers and specialty toppings, our products are used in homes, restaurants and bakeries around the world. Beyond great food, our customers also gain insights to help them stay competitive, no matter their size. Our portfolio includes creative solutions geared at helping food industry professionals compete in foodservice, retail, in-store bakery, deli, and prepared foods among others. Working in 100 locations globally, with annual sales exceeding $4 billion, Rich’s is a global leader with a focus on everything that family makes possible.
