WinWholesale Inc. (Dayton, Ohio): Jack Johnston was promoted to CEO and retains his previous title as president of WinWholesale. Rick Schwartz, who previously was CEO and chairman, is stepping down from the executive role after 17 years. Schwartz remains chairman of the WinWholesale board of directors.
Schwartz took over the CEO role upon the retirement of Dick Schiewetz, a founding investor and leader of the company. Since Schwartz became CEO, WinWholesale became one of the leading wholesale distributors in the U.S. Sales tripled during Schwartz’s tenure as CEO to $2.5 billion in 2014, and earnings quintupled.
Johnston becomes just the third CEO in the history of WinWholesale, which was founded in 1956 under the name Primus. He joined WinWholesale in 1977 as an accountant with Dapsco Inc. (now WinWholesale Group Services), the organization providing complete shared business services for WinWholesale local companies. He became Dapsco Inc. treasurer in 1980, and in 1998 was named president. Johnston led Dapsco as it delivered accounting, finance, payroll and tax filings, data processing, software product development, fleet management and property management services to the independently-owned Win local companies across the United States. In 2005, a restructuring formed the current WinWholesale Inc. Following the restructuring, Johnston became chief financial officer. He was appointed president in July 2011.