The 2020 Mid-Year Economic Update_long

Essendant President & CEO Aiken Resigns

Ric Phillips, president of the company's industrial division, takes over in interim role.

Bob Aiken has resigned as president and CEO of Essendant Inc. (NASDAQ: ESND), Deerfield, IL, to "pursue an opportunity outside the company," the distributor announced.

Ric Phillips, group president of Essendant's industrial division, has been appointed interim president and CEO, effective immediately. Essendant's board has formed a search committee and retained a search firm to select a permanent CEO.

This is the second CEO departure in the past two years. In May 2015, Cody Phipps resigned as president and CEO, resurfacing a couple of weeks later as CEO of Owens & Minor.

When Phipps resigned, Aiken succeeded him first as interim president and CEO and then as the permanent replacement in July 2015. MDM interviewed Aiken earlier this year about the master distributor's efforts to refocus its brand positioning and enter the foodservice sector in Essendant’s Path Takes New Twist.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.