News January 18, 2023
Gemline Names New CFO With Consumer-Products Industry Experience
Kim Spang is stepping into the C-suite role at the Top 40 supplier, where she’ll advance future acquisition efforts.
Top 40 supplier Gemline (asi/56070) has a new chief financial officer.
The Lawrence, MA-headquartered firm has named Kim Spang, a financial executive with experience in the consumer-products market, to the C-suite position, saying she’s expected to play a key role in helping the company complete future acquisitions.
Kim Spang, Gemline
“Kim joins an experienced leadership team and will be responsible for helping Gemline continue to accelerate its growth strategy,” Gemline said in a statement.
Spang was most recently CFO of Westminster Pet Products.
Holding a bachelor’s degree in finance and MBA in accounting, both from Bentley University, Spang began her finance career with toolmaker Stanley Black & Decker and then moved on to professional services provider PricewaterhouseCoopers (PWC), where she was a senior associate.
Spang then spent 13 years at Welch’s Food, earning multiple promotions and rising to positions that included senior director, supply chain finance and corporate FP&A, and finance director, commercial and corporate FP&A. After Welch’s and before Westminster, Spang was senior vice president of finance at beermaker Pabst Brewing Company.
Word on Spang’s appointment follows quickly upon Gemline’s early January announcement that former company president Frank Carpenito has been promoted to president/CEO.
From supplier service levels & technology's impact on promo's competitive landscape, to consolidation & #CSR, Gemline's newly appointed president/CEO gets candid on the #promoproducts industry's big topics. https://t.co/03yGl6xoOU@asicentral @GemlineProducts
— Chris Ruvo (@ChrisR_ASI) January 18, 2023
Jonathan Isaacson, Gemline’s longtime leader and previous CEO, is now executive chair. Carpenito, who appeared this week on ASI Media’s Promo Insiders podcast, spent three decades in the consumer-product industry before joining Gemline in 2018.
Based on 2021 North American promo product revenue of $127.5 million, Gemline ranked 10th on Counselor’s most recent list of the largest suppliers in the industry.