Richard Ferranti will take on CEO role as long-time CEO Bill Gisel transitions to a new role.
Rich Products, Buffalo, N.Y., announced an executive leadership transition that activates the company’s decade-long succession plan.
Effective Jan. 1, 2020, long-time CEO Bill Gisel will become executive vice chair of Rich Holdings Inc., the holding company for all Rich family business enterprises, including food, logistics, sports, travel, dining and theater. With that move, Richard Ferranti, current Rich Products president and chief operating officer, will be promoted, succeeding Gisel as the company’s new CEO and becoming the leader of Rich’s $4 billion global food business, the company said.