August 3, 2015, Brian O'Farrell, has been promoted to Chief Executive Officer of Galaxy Nutritional Foods Inc. Rick Antonelli, current CEO, will take the position of Chairman of the Board for Galaxy and will maintain close ties with the operations and continued development of the company. "Brian and I have managed this business together since day one. I have the utmost confidence in his abilities. His leadership, work ethic and business knowledge are unmatched," said Antonelli.
O'Farrell has been with Galaxy for over six years and currently serves as the company's Chief Financial Officer and Chief Operating Officer. He will maintain these roles and there are presently no plans to make any other organizational changes. O'Farrell has been involved in all aspects of the business since joining the company, including the transition of the company from a public to private entity and the relocation from Orlando, Florida to North Kingstown, Rhode Island. He has been responsible for the successful completion of multiple transitions in finance, production, logistics and operations during his time at Galaxy.
"It's an exciting time to get this opportunity here at Galaxy," said O'Farrell. "My first few years at Galaxy, along with Rick, were focused on establishing the company on a solid foundation in order to take the business to the next level and I think we have accomplished that goal. I have been fortunate that Rick has been an outstanding mentor and included me in all areas of the business during his tenure and I am very grateful that he will be staying on as the Chairman. We have a number of exciting new products hitting the market currently, a strong pipeline of new ideas and the strongest and most dedicated team we have had since I have been here. I am honored to have the opportunity to work with this group and excited for what lies ahead."
Prior to joining Galaxy in 2009, O'Farrell served as the Vice President of Finance at American Power Conversion (APC), a $4 billion IT business unit of French conglomerate, Schneider Electric. Prior to APC, he served as President and CEO of a consumer products start-up company and led it through its evolution from concept to its successful sale. From 1992 to 2002, O'Farrell held various senior management positions at a New York investment firm specializing in distressed and special situation investments.
"We have had the pleasure of working with Brian since our purchase of Galaxy and continue to be impressed with his business acumen and leadership skills. We have absolute confidence in his ability to manage all aspects of the business and see it to the next level - his extensive knowledge of the business, market and operations will create a seamless transition. We also would like to thank Rick for his dedicated service to date and look forward to his future contributions as Chairman," said Justin Jacobs, Managing Director of Mill Road Capital and Board member for Galaxy.