CODI - Compass Diversified Announces Appointment of Anne Cavassa as CEO of PrimaLoft | Benzinga
WESTPORT, Conn., Dec. 19, 2023 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE:CODI) ("CODI" or the "Company"), an owner of leading middle market businesses, proudly announces the appointment of Anne Cavassa as the Chief Executive Officer of its subsidiary, PrimaLoft Inc., effective January 1st, 2024. This move follows Cavassa's recent appointment as President of the company. The changes come as former President and CEO, Mike Joyce, steps into retirement at year end after leading the company for 11 years. In his retirement, Joyce will assume the role of Vice Chair on PrimaLoft's Board of Directors.
Cavassa brings to PrimaLoft nearly three decades of experience marked by strategic leadership roles at several of America's most esteemed outdoor and active lifestyle brands. Her previous tenure as President of Saucony, coupled with her role as Senior Vice President and Chief Customer Experience Officer at Brooks Sports Inc., showcases her expertise in driving growth across the footwear and apparel sectors. She has also held pivotal leadership positions at Timberland, Nike, Reebok, Tommy Bahama, and Eddie Bauer. Cavassa holds a Bachelor of Arts from Loyola Marymount University.
"Anne is a seasoned industry leader with an impressive track record of propelling strategic growth," said Elias Sabo, CEO of Compass Diversified. "Her extensive knowledge across product design, merchandising, customer experience, and brand marketing positions her exceptionally well to lead PrimaLoft into the future. I also want to recognize and thank Mike for his significant contributions over the years and for advancing PrimaLoft's growth and innovation while at the helm."
Former PrimaLoft President and CEO, Mike Joyce, commented: "Our company purpose is to balance the intersection of people, products, and the planet. Anne embodies these beliefs and brings extensive leadership experience from renowned active lifestyle brands. This is an ideal opportunity to bring in a proven leader to help bring PrimaLoft to the next level and, for me, she was the only choice."
Zach Sawtelle, Chairman of PrimaLoft's Board of Directors added: "On behalf ...