WOODCLIFF LAKE, N.J.,
Aug. 12, 2024 /PRNewswire/
-- Party City Holdco Inc. is thrilled to announce that
Barry Litwin will be joining the
company as their new President and Chief Executive Officer
(CEO).
"The team and I look forward to welcoming Barry to the Party
City family," said Bob Hull,
Chairman of the Board at Party City. "We are extremely confident
that Barry's expertise in fostering business growth and
transformation as well as his people-focused leadership style will
bring Party City to the next level."
Barry brings a disciplined model to strategy setting and
operational execution that delivers new revenue growth, gross
profit improvement, operating expense efficiency. Above all,
Barry's passion lies in leading companies and fostering the growth
of his team members, with a strong belief that the success of a
business is dependent on its people.
Most recently, Barry served as the CEO and Board Member of
Global Industrial Company (NYSE: GIC), a distribution leader in
industrial products. During his seven-year tenure, Barry guided
strategy and execution for all facets of the company, serving
500K customers across manufacturing,
transportation, retail, and healthcare. Under his leadership,
Global Industrial Company to achieve market-leading revenue,
profit, and share price growth.
Prior to his role at GIC, Barry served as the CEO of Adorama,
where he orchestrated the turnaround of an iconic omnichannel
retailer of professional cameras, photo-finishing services, and
consumer electronics. He has also held senior executive roles in
retail and distribution with reputable companies such as Sears,
Office Depot, Avnet, and Fannie May Candies.
"I am excited to join Party City at a pivotal time as we
reposition the business for a stronger future," said Barry. "Party
City is a leader in party goods and supplies, and I see many
opportunities to strengthen our financial performance and build a
leading end-to-end celebration experience for consumers. I look
forward to working closely with our team members, the leadership
team, and the Board of Directors to create value for all our
stakeholders."
About Party City Holdco Inc.
Party City Holdco Inc. (PCHI) is a global leader in the
celebrations industry, with its offerings spanning more than 70
countries around the world. Party City is the largest retailer of
party goods in North America.
PCHI operates across multiple businesses within its Retail
Division and Consumer Products Division. On the retail side, Party
City (partycity.com) is the leading omnichannel retailer in the
celebrations category, operating more than 750 company-owned and
franchise stores. The Consumer Products Division includes design
and manufacturing entity Amscan, an industry leader in celebration
décor, tableware, costumes, and accessories.
PCHI is headquartered in Woodcliff
Lake, N.J. with additional locations throughout the Americas
and Asia.
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SOURCE Party City Holdings Inc.