Counselor has learned that Top 40 supplier Prime Line (asi/79530) has decided to make changes with its management team, with President Rick Brenner moving into a consulting role. Brenner, who is a member of Counselor’s Power 50, has been with Prime for the past 12 years and just completed his term as chairman of the board of PPAI.
“We have a strong legacy of product safety and compliance at Prime because of Rick, and we’re strongly committed to the same level of quality and compliance moving forward,” Jeff Lederer, CEO of Prime, told Counselor. “Rick and I have worked closely for many years and his contributions are greatly appreciated and valued. We have all learned a lot from Rick and while it was time for Prime to move in a different direction with management, Rick will continue to be a trusted advisor of Prime.”
Last year, Prime ranked number 21 on Counselor’s Top 40, after reporting 2014 North American sales of $71.4 million, a 15% increase over the previous year. The company recently completed a deal to acquire supplier firm Jetline, a move that is expected to help the combined organization to surpass $100 million in annual revenues.