Laundrylux has announced a number of important management changes that will take effect 1 January 2018. Neal Milch, CEO, will assume the role of executive chairman of the Board of Laundrylux. John Sabino, president of Laundrylux, will become CEO and will be succeeded as president by Cody Milch.

“My highest value to the business is to look past the horizon to understand what is coming, and working with our senior management team to develop sustainable growth strategies across all brands and channels,” said Neal Milch. Under his tenure as CEO, Laundrylux developed an expanded portfolio of brands and products for more market segments than ever before in its history, while multiplying revenues. “We have succeeded by being creative, aggressive, investing in technology, and most of all investing in people. That will continue at an accelerated and more intensive pace,” added Milch.

Reflecting on his new responsibilities as CEO, Sabino said: “It has been a pleasure working with the Laundrylux team these past eight years and helping to drive our rapid growth.

He added: “I look forward to the challenges of being CEO and am happy that Neal is continuing his full-time participation as an out-of-the-box innovator, mentor, and friend.”

His first action as CEO was to announce the appointment of Cody Milch as president of Laundrylux. “It’s always a bit tough to come in as the son of the CEO and grandson of a legendary founder, but Cody has demonstrated remarkable strength, insight, work ethic, and leadership over the past four years. He has fully earned this promotion and enjoys the complete confidence of our employees, partners and customers. His understanding of technology and natural people skills make Cody my ideal partner.”

“I appreciate the opportunity to build on this legacy and to lead digitisation of our enterprise,” said Cody Milch. “We are deploying integrated software platforms to support long-term growth initiatives and we are professionalising and scaling every aspect of the business.”

Laundrylux also announced the appointments of Michael Martino as vice president of finance and James Fair as chief financial officer.

 “We now have by far the strongest management team in our history,” said Julia Milch, a member of the Laundrylux board of directors. “This team can and will execute the strategic plan they have developed to leverage the tremendous products and technologies in our portfolio. The opportunities in 2018 and beyond are very exciting, and management has the complete support of the board.”