Arc One Announces Management Changes.Nation's Largest Value-Added Door and Hardware Distributor Adds New CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. WINSTON-SALEM, N.C. -- Arc One Distribution, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("Arc One") today announced recent management changes. Craig Clark has been named the new Chief Executive Officer ("CEO") while Lynn Tilton, CEO of Patriarch Partners, LLC ("Patriarch") will continue to serve as the Company's Chairman of the Board. No longer serving the Company is former CEO, James Schechter. "We are very pleased that Craig has answered the call to lead Arc One. He demonstrates a rare blend of operational expertise, financial acumen and sales savvy," said Lynn Tilton. "During his initial weeks on the ground, Craig has already accelerated important programs and driven integral process efficiencies. We are proud of Arc One's market leadership position and we will continue to broaden our seasoned management team to strengthen our relationships with our customers and manufacturing partners." Craig Clark joins Arc One from Patriarch Direct, an affiliate of Patriarch, where he served as its Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Craig is a 20-year veteran of manufacturing and distribution companies having served in executive positions at Valere Power, Siemens, and i2 Technologies and Penske Logistics. "I believe that Arc One is well positioned as an industry leader to continue to drive innovation and operational excellence for our customers. I'm particularly pleased to continue our support of organizations like DHI DHI see dairy herd improvement. that mirror Arc One's commitment to excellence," stated Clark. "In recent months Arc One has built the foundation to aggressively pursue new markets on a global basis. Craig's global experience at Fortune 500 companies will only accelerate and enhance our strategic thrust," commented Tilton. "Furthermore, our new go-to-market strategy, when combined with a continued focus on customer service, will allow Arc One to preserve its status as market leader, creating a greater distance between the Company and its competition." About Arc One, LLC Arc One, the nation's largest value-added door and hardware distributor, is the single source for doors, frames, hardware and security solutions from pre-planning, to post construction service for the life of the building. Since its beginning more than 90 years ago, the Company has grown to include branch locations throughout the country with an unmatched network of expertise, employees, vendors, and purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. . Headquartered in Winston-Salem, North Carolina Winston-Salem is a city in the U.S. state of North Carolina. As of the 2000 census, the city population was 185,776; in 2004 the city annexed an additional 17,483 raising the population to 203,259. , the Company is privately owned by funds managed by Patriarch Partners, LLC. For additional information visit www.arcdoors.com or contact Scott Wilson Scott Wilson may refer to: A person's name:
About Patriarch Partners, LLC Patriarch Partners, LLC is a private equity and investment firm in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. and Texas. Patriarch provides innovative financial solutions, strategic direction and operational expertise to companies undergoing periods of pervasive change. Funds affiliated with Patriarch manage assets in excess of $6 billion and include majority and minority ownership positions in more than 67 companies. |
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