bake - September/October 2022 - 37
MELINDA RICH
NAMED CHAIRMAN
Melinda R. Rich, who served as vice
chairman, executive vice president and
a member of the board of directors for
Rich Products Corp. in her 37-year career,
recently became chairman of the
family-owned corporate parent, Rich
Holdings Inc.
In this long-planned transition, she
succeeds Robert E. Rich Jr., 81, who
served as chairman for 16 years, is
now senior chairman, and will support
his wife as she leads the company.
Ms. Rich, 64, known as Mindy,
joined Rich's in 1985 and worked in
various roles as part of the leadership
team, including executive vice president
of innovation. In that position,
she unified initiatives across the enterprise,
established best practices and
processes, and identified new business
opportunities and technologies. She
also expanded the breadth and accelerated
the pace of product development
in support of Rich's long-term growth
strategies. She also chairs the board's
Finance and Audit and Compensation
and Organization committees.
" This decision was made after years
of very deliberate and careful planning, "
Ms. Rich said in a message to
Rich's 12,500+ associates worldwide.
" Intentional succession planning is a
crucial part of fostering a robust leadership
pipeline - especially in a familyled
company like ours. We expect and
demand that our senior leaders actively
participate
in this kind
of forethought,
and
we hold ourselves
accountable to the same
expectations as stewards of Rich Products
and our family of businesses. "
Over the course of her career, Ms.
Rich focused on developing and nurturing
Rich's award-winning organizational
culture and work/life programs.
She also served as executive vice chair
of Rich Entertainment Group, responsible
for overseeing the organization's
baseball, theater, restaurant and travel
interests. She is a member of the corporate
Board of Directors and on the
Cleveland Clinic Board of Directors.
http://www.kook-e-king.com
bake - September/October 2022
Table of Contents for the Digital Edition of bake - September/October 2022
bake - September/October 2022 - Intro
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