• Home News Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence Group Effective Jan. 17, 2022.

Wellspring Capital Management Appoints Robert Craycraft as CEO of Cadence Group Effective Jan. 17, 2022.

Posted 06 Jan-2022 11:31 AM by Smith | 1835

 Cadence Group today announced that Robert Craycraft has been selected as Cadence Group's new chief executive officer. Robert will assume the role on Jan. 17, 2022. 

"I am honored to take on the role of CEO and lead this terrific business and talented team," Craycraft said. "Leveraging my 30 years of experience in building distribution businesses, I look forward to working across our footprint to deliver superior customer service to our customers and delivering meaningful value to our key stakeholders."

Robert succeeds Bradley P. Johnson as part of planned succession for the company.  Brad will remain on the Cadence Board of Directors but will step back from day-to-day duties to focus on personal health matters.

"I am delighted to turn the company leadership over to Robert. Robert is a seasoned CEO with significant lubricants industry and acquisitions experience, who will not only step right into the CEO role but also accelerate the company's growth. He is an outstanding choice for the position," said Johnson.

"Robert brings a stellar track record of growing both public and private companies. His petroleum products background, coupled with his experience in growing businesses as a CEO, make him a uniquely qualified choice to lead Cadence," said Alex Carles, Managing Partner of Wellspring Capital Management. 

Prior to his appointment to the role of Chief Executive Officer of Cadence Group, Robert served as CEO and Director of BearCom. Prior experience also includes CEO and Director of BakerCorp and Safety-Kleen, both PE-backed companies. Robert started his career at Ashland and spent 18 years leading multiple businesses within Valvoline. His last position was President of Ashland Distribution. Robert is forward-thinking and has a proven track record of building both organic and M&A growth, as well as expanding organizations' capabilities. Robert grew up in Ashland, KY, and holds a bachelor's degree in Economics from Vanderbilt University. Robert and his family will relocate to Charlotte, NC. 

About Cadence Group

Cadence Group is one of the largest distributors of lubricants, fuel, antifreeze, diesel exhaust fluid, and other ancillary products for the eastern and central United States. For additional information, please visit www.cadencepetroleum.com.
Source: https://www.newswire.com/news/wellspring-capital-management-appoints-robert-craycraft-as-ceo-of-21597120

Tags:

Bradley P. Johnson, Cadence, Robert Craycraft, Wellspring Capital Management, Robert Low Cost Press Release Distribution Websites, Cheap Press Release Distribution Site, Affordable Press Release Distribution Site, Free Press Release Distribution, Free Press Release Submission

Company Information

Company Name Contact Person Contact Number Email Id Website Address
Cadence Group Smith Williams +1-336-629-2061 unknown unknown Asheboro - North Carolina, United States

Other Human Resources Related Press Release News

How Intry's Resume Platform is Helping Furloughed Employees Land New Opportunities Faster Free

A number of employers are facing the need to implement furloughs in response to the economic impact caused by the pandemic. Over 36 million people...Read More


Nextep Proves to Be a Valuable Partner During Crisis Press Release News In United States Free

No one was really prepared for a pandemic. For many businesses around the U.S., navigating legislative changes while managing a newly remote workf...Read More


Neeyamo Organized Its Exclusive Annual Analyst Event - nLight 2020 Latest Press Release News Free

Neeyamo Inc., a market-leader in providing global HR and Payroll services, hosted its fourth exclusive annual Analyst Day Event - 'nLight' on M...Read More


Stories Incorporated Launches Virtual Story Sessions Press Release News Free

Stories Incorporated (Stories Inc.) has launched a new service offering: Virtual Story Sessions. A leading employer brand and recruitment ma...Read More


Rizing Receives SAP Partner Award for Singapore Best Cloud Partner Free

Rizing today announced it is the recipient of an SAP® SEA Annual Partner Award 2020 for Singapore Best Cloud Partner. SAP Partner Awards across s...Read More