It’s been a wild four months for Diamond Comics Distributors, and a new wrinkle arrived today, as a letter sent to staff, vendors and retailers revealed that founder Steve Geppi has added president of Geppi Family Enterprises (GFE) to his portfolio, along with his previous titles, Chairman & CEO.
When I arrived, the infrastructure consisted of 10 warehouses (1.3 MM sq ft) and approximately 700 employees. I was tasked to restructure the company, consolidate all of the brands, and conduct a technology transformation across the enterprise.
With this in mind, Heidmann oversaw a suite of sweeping changes at Diamond and other GPE business, including the departure of many long-time Diamond employees and the restructuring of the roles of remaining executive.
In recent months Geppi had pledged to take a more active role in running Diamond, and with the major comics distributor facing the issue of losing their #2 publisher, DC, we can assume he will need to be very active indeed.
The letter in full below:
Today I am announcing an organizational change that will help us lean even further into the many opportunities to elevate our industry, our business and our brands in this fast-moving and evolving marketplace.
Effective immediately, I am reassuming the role of President, Geppi Family Enterprises (GFE), in addition to my position as Chairman & CEO. Stan Heidmann will be departing the organization. I thank him for his contributions and wish him all the best in his future endeavors.
As you know, I have a strong history of growing and leading this organization for several decades and I am energized about our next phase. I am supported by an exceptionally talented executive leadership team with deep expertise and an unwavering commitment to our industry as well as by the incredible teams they have built. I am proud and privileged to work with such amazing people.
Under my guidance, the executive leadership team will support a comprehensive strategic review to position the enterprise for future growth. I feel a tremendous responsibility to our employees and the industry, and I fully intend to set all Geppi Family Enterprise brands on a path for robust growth. I am confident we have the right leadership with talented teams in place and I see enormous opportunities for GFE.
You will be hearing more from me in the coming weeks as I am committed to keeping you all informed and involved. Be well, and I hope you find some time this holiday weekend to relax and recharge. Thank you for your continued support. I appreciate all you do.
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