Performance chemical manufacturer Gold Eagle Company has announced changes to its leadership with the retirement of co-owner Rich Hirsch from its board, according to a recent press release.
CEO Marc Blackman will be taking Hirsch’s place as CEO and Chairman of the board. First joining Gold Eagle in 1993 as a private brands sales manager, he transitioned to VP of sales and marketing before being named president and COO in 2001.
Since 2014, Blackman has solely held the title of CEO. During this time, he’s overseen the expansion of Gold Eagle’s brand portfolio, including its first subsidiary of Lubrication Specialties.
Additionally, Executive Vice President of Market Innovation, Matthew Banach, has also been promoted to the role of chief operating officer and chief marketing officer. Banach joined the company in 2011 as a technical sales representative, transitioning to brand creative director in 2017.
During his time as executive vice president of market innovation, Banach played a pivotal role in finalizing the acquisition of Lubrication Specialties.
“Matt is an incredible asset to Gold Eagle,” said Blackman. “For the past 14 years, Matt has been integral to our success, consistently demonstrating exceptional leadership, innovation, and commitment. I have full confidence in his ability to lead our organization with the same level of excellence and drive that has historically shaped our company’s growth. This transition allows me to focus on the long-term strategy while ensuring our day-to-day operations remain in trusted hands.”
