Ellery Homestyles Announces Formalized CEO Transition Plan
| Ellery Homestyles, a leading supplier of branded and private label home-fashion
products including curtains, bedding, throws and specialty products, has announced
that Hugh Rovit will succeed Budd Goldman as chief executive officer (ceo) at the
end of calendar year 2013.
Rovit, who joined Ellery on May 20th, served as ceo since April 2006 of Sure Fit
Inc., a manufacturer and marketer of ready-made slipcovers, outdoor furniture
covers and other home décor products, until the time of its sale in December 2012
to Focus Products Group International. Goldman founded Ellery in 2000 and will
become co-chairman of the company's Board of Directors, with a continuing
"I met Budd soon after I entered the home furnishings industry and we have
enjoyed a great relationship over the years," Rovit says. "The chance to join Ellery
and help execute on the portfolio of exciting growth strategies he and his team are
developing is a fantastic opportunity for me."
Prior to Sure Fit from 2001 to 2005, Rovit was a principal at a consulting firm
focused on operational improvement initiatives. Previously, he held the positions of
chief financial officer of Best Manufacturing, a manufacturer and distributor of
institutional service apparel and textiles, from 1998 thru 2001 and chief financial
officer of Royce Hosiery Mills, Inc., a manufacturer and distributor of men's and
women's hosiery from 1991 thru 19998. Rovit currently serves on the board of
directors of Spectrum Brands Holdings, a $4 billion publically traded global
consumer products company.
"I have known Hugh for many years through the industry and am thrilled to
welcome him to Ellery," Goldman says. "Under his leadership, Sure Fit established
itself as a best-in-class business partner to many of the same customers with
which we enjoy a similar relationship. His experience managing the company's
significant growth during his tenure there will be a tremendous asset as we
continue building a leading consumer home products business."
"When we purchased Ellery in December 2010, we committed to Budd that
together we would develop and execute a ceo succession plan that would be right
for all of Ellery's stakeholders," says Troy Templeton, managing partner of Trivest
and majority shareholder of Ellery. "Hugh is a great fit for the company and the
timing is perfect for he and Budd to work together over the balance of the year to
ensure a seamless transition."