CLEVELAND -- Convenience Valet has hired Steve Jungmann as its new president and CEO. Jungmann will assume immediate day-to-day control of the company.
Jungmann has more than 30 years of industry-related experience in senior leadership roles for companies such as Kraft Foods, Solo Cup and SuperValu. Immediately prior to joining Convenience Valet, Jungmann served as president of sales for Richelieu Foods, a private equity-owned manufacturer of private-label frozen pizza, salad dressings, marinades, sauces and condiments.
As president and CEO of Convenience Valet, Jungmann will assume direct operational control over the business, reporting to the Board of Directors. He will be tasked with working hand in hand with the senior management team to develop and implement Convenience Valet's long-term growth plan while also continuing to drive incremental improvements across the organization. He will also lead the acquisition and integration of any future add-on businesses.
Convenience Valet distributes more than 500 branded health and beauty care, over the counter, personal care and sundries products in convenience or travel sizes and has an expansive distribution network through which its partners' products can reach consumers nationwide.
Jungmann said Convenience Valet has "multiple avenues for growth. I can't wait to get in there and get to work."
Convenience Valet is a Weinberg Capital Group company. Weinberg Capital Group is a Cleveland-based private equity group. The firm invests in companies throughout North America with annual revenue from $15 to $100 million and EBITDA ranging from $2 to $10 million. Its current portfolio covers a broad range of industries, including manufacturing, business services, aviation services, financial services, consumer products, retail and value-added distribution.