– June 8, 2022 - TriMark USA, LLC the country’s leading provider of design services, equipment, and supplies to the foodservice industry, announced Frank Lordi has been named Chief Financial Officer, effective July 18, 2022. Mr. Lordi will report to the Executive Chairman, Mitchell Jacobson, who is currently leading the Office of the CEO. Frank joins TriMark from BDO, where he was a Partner in the firm’s Advisory Practice.
Frank will have full responsibility for TriMark’s Finance and Information Technology operations. He will focus on TriMark’s goal to be the most successful foodservice equipment and supply company in its markets by exceeding customer expectations.
Frank brings 30 years of broad experience in finance, operations, accounting, and risk management. Prior to joining BDO, he founded and served as managing principal of AC Lordi, a boutique management consulting firm, where he oversaw global finance initiatives for numerous companies, including, modernizing accounting operations, developing compliance programs, redesigning management reporting, and implementing global HR and financial systems.
As a partner with BDO, Frank previously led TriMark’s financial operations on interim basis in the first half of 2020. Most recently, Frank has served as a senior advisor to TriMark since November 2021. Frank has developed a deep knowledge of TriMark and has established himself as a trusted advisor to the company’s senior leadership team.
“I am excited to join TriMark as full-time CFO,” said Mr. Lordi. “I have been involved with the company intermittently since 2019. TriMark is a market leader with tremendous opportunities for continued growth. I’ve admired the determination and competency of the leadership team since my first interactions and look forward to being a part of that team as we embark together on the next chapter in Trimark’s long and successful history.”
“Frank is already a member of our team and has a proven track of success here at TriMark,” said Mitchell Jacobson, Executive Chairman. “I'm excited that he has decided to join us on a full time and permanent basis. It’s a true testament to the growth and future success he sees in TriMark.”
Additionally, Mitchell Jacobson has assumed the role of Executive Chairman of the Board of Directors of TriMark and continues to lead the Office of the CEO, comprising key senior leaders Tom Wienclaw (EVP of the North Region and Chief Growth Officer), Karen McCain (EVP of the South), Mike Passanisi (General Counsel), and Frank Lordi (CFO). In this role, Mr. Jacobson assumes executive leadership of the company, leading day-to-day operations with the Office of the CEO.
“Having spent my career in the distribution business, I see in TriMark an enormous opportunity for growth and enhanced value creation for our associates, customers, owners and suppliers,” said Mr. Jacobson. “With the leadership team we have in place and the growth initiatives launched this year, I believe we are well positioned to capture market share.”
Jerry Hyman will continue to support the Company as Vice Chairman of the Board and will support efforts with TriMark’s buying groups, key customers, and the industry.
Frank Lordi biography
Until his arrival at TriMark, Frank Lordi was a partner in BDO’s Advisory Practice,
with 30 years of broad experience in finance, operations, accounting, and risk management. Prior to joining BDO, he founded and served for 18 years as managing principal of AC Lordi, a boutique management consulting firm. Previously, Frank worked as a Manager in the Emerging Growth Practice at Arthur Andersen and has served as part-time CFO, strategic advisor, project manager or board member for numerous private equity sponsored growing companies. Frank is a graduate of Pennsylvania State University and a Certified Public Accountant.
Mitchell Jacobson biography
Mitchell L. Jacobson is the former CEO and currently serves as the Chairman of MSC Industrial Supply Co., a Fortune 1000 company. Mr. Jacobson was CEO of MSC Industrial, a global leader in industrial distribution, from 1980 to 2005, during which he grew the company from $50 million to $1.1 Billion in sales. MSC Industrial’s current revenues are in excess of $3.2 Billion, with a market cap of $4.75 Billion. He has been active in several other relevant businesses since his CEO role. He is an investor and member of the Board of Directors of TriMark USA, the country’s largest foodservice equipment provider. Mr. Jacobson is also an investor and Chairman of Priority Sign, a global signage and branding company. He also is a member of the Board of Directors for Instacarro, a Brazilian digital marketplace for used cars. Mr. Jacobson was a participant with a consortium of private equity firms in the acquisition of HD Supply and served as a Board member. Mr. Jacobson serves as a Trustee for New York-Presbyterian Hospital as well as the Executive Committee and is a member of the Hospital’s Investment Committee and the Patient Experience Committee. He is also a member of the Board of Trustees for the New York University School of Law.
We make statements in this news release that are considered forward-looking statements within the meaning of the Securities Exchange Act of 1934, as amended. These forward-looking statements are largely based on our expectations, which reflect estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known market conditions and other factors. Although we believe such estimates and assumptions to be reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are beyond our control. In addition, management's assumptions about future events may prove to be inaccurate. Management cautions all readers that the forward-looking statements contained in this news release are not guarantees of future performance, and we cannot assure you that such statements will be realized or the forward-looking events and circumstances will occur. Actual results may differ materially from those anticipated or implied in the forward-looking statements due to various risks and uncertainties for TriMark including, but not limited to, revenues and operating performance, general economic and market conditions, industry trends, legislation or regulatory requirements affecting the businesses in which it is engaged, management of growth, its business strategy and plans, the result of future financing efforts and its dependence on key personnel. All forward-looking statements speak only as of the date of this news release. We do not intend to publicly update or revise any forward-looking statements as a result of new information, future events or otherwise.
About TriMark USA
TriMark USA, LLC is the country’s largest provider of design services, equipment, and supplies to the foodservice industry. We proudly serve our customers by providing design services, commercial equipment, and foodservice supplies across a wide range of industries and business sectors. Headquartered in Massachusetts, we have locations across the country which offer foodservice operators an unparalleled level of service by combining our unique design capabilities and our expert market knowledge with the purchasing strength, delivery, installation and after sales service capabilities of a national company. Our employees are focused on creating customized solutions for our customers to ensure they achieve their culinary goals. For more information, please visit: www.trimarkusa.com
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