In an abrupt move, Stan Heidmann has vacated the position of President within Geppi Family Enterprises (GFE), the parent company of Diamond Distribution. Steve Geppi, Chairman & CEO of GFE and the public face of Diamond Distribution, has assumed the role of President left by Heidmann for the foreseeable future.
It’s unclear what prompted Heidmann’s sudden departure, but the press release issued by Diamond today indicates this change may be the first part of a comprehensive, strategic shift. The full transcript of the press release is provided below.
Does this bode well for Diamond Distribution? What other changes do you expect to see in the coming weeks? Let us know your thoughts in the Comments section, and please share this on social media using the links below.
A Message from Steve Geppi
(BALTIMORE, MD) — (July 1, 2020) —
Good Morning,
Today I am announcing an organizational change that will help us lean even further into the many opportunities to elevate our industry, our business and our brands in this fast-moving and evolving marketplace.
Effective immediately, I am reassuming the role of President, Geppi Family Enterprises (GFE), in addition to my position as Chairman & CEO. Stan Heidmann will be departing the organization. I thank him for his contributions and wish him all the best in his future endeavors.
As you know, I have a strong history of growing and leading this organization for several decades and I am energized about our next phase. I am supported by an exceptionally talented executive leadership team with deep expertise and an unwavering commitment to our industry as well as by the incredible teams they have built. I am proud and privileged to work with such amazing people.
Under my guidance, the executive leadership team will support a comprehensive strategic review to position the enterprise for future growth. I feel a tremendous responsibility to our employees and the industry, and I fully intend to set all Geppi Family Enterprise brands on a path for robust growth. I am confident we have the right leadership with talented teams in place and I see enormous opportunities for GFE.
You will be hearing more from me in the coming weeks as I am committed to keeping you all informed and involved. Be well, and I hope you find some time this holiday weekend to relax and recharge. Thank you for your continued support. I appreciate all you do.
Steve Geppi
Chairman, President & CEO
Geppi Family Enterprises
