VENICE, Fla.—Tervis Tumbler Company has established an executive office of the president and added Barry Wolfson as president and chief executive officer. Laura Spencer, the current president and CEO, was named chief financial officer. Wayne Varnadore was promoted to chief operating officer from vice president of operations, and Rich Kaplan was promoted to chief sales and marketing officer from vice president of sales and marketing.
The executive team was reorganized to support the company’s double-digit growth over the past five years, with sales expected to top $75 million this year, according to an announcement from Norbert Donelly, chairman.
Both Wolfson and Spencer will also be on the private company’s board of directors.
“Tervis has the opportunity to become a dominant consumer brand nationally. This change to an executive office of the president gives us the leadership talent we need to continue our strong success,” Donelly said. “It will also allow Laura to focus on what she has done so well these past few years, maintaining the company’s financial strength to continue its remarkable growth.”
Wolfson has worked closely with Tervis for the past six years as a consultant and has played a key role in the company’s successful growth, according to a statement from the company. He joins the company fulltime. Prior to his consulting, he was president and CEO of Flexible Products Company, a global manufacturer of specialty chemical products with both industrial and consumer brands.