A normal step in every organizations cycle is the intermediate change in the board members. This should not always be considered as a bad step, but rather an initial milestone to a further upgrade in the company.
This was the case with Maroon Group, LLC, which has announced lately that the current CEO Mark Reichard will be replaced with Terry Hill the next May. Mr. Hill has been a board member in the board of directors for almost 2 years now. He is well-known for his huge investments in the company and his huge career path that he went through. He used to be part of Univar for 30 years, which is a leading company globally for chemicals distribution. He was the Vice President in the company and held a huge responsibility of managing the sectors in Europe, Latin America and Asia Pacific.
Mr. Reichard will still have his part with the company as he will be the vice chairman of Maroon group. He will be of direct consultancy to Mr. Hill, and will manage key resources and relationships with clients.
Mr. Reichard has shown a great deal of success, while working for Maroon. He was able to increase revenues to over $420 million annually. He has pushed the company form a local business to the third largest distributor in the chemicals fields in the U.S.
He was able to comment on this move and decision stating, “The last 37 years with Maroon Group have been an amazing ride. I am humbled by the caliber of the team that I have been honored to work alongside, who focus every day on creating value for our customers and principal partners. Each employee of our company should be proud of the organization that we’ve built together.”