Kelly-Moore Paints, independent U.S.-based paint manufacturer and retailer, has announced changes to its executive leadership team. Charles Gassenheimer was named chief executive officer of Kelly-Moore Paints. Gassenheimer has spent more than two decades in principal roles leading the structuring and managing of complex capital market transactions. He has a track record for accelerating the growth trajectory for small- to mid-cap companies in energy transition, manufacturing, industrial, and other sectors. Previously, Gassenheimer held CEO and chairman roles at several private and public corporations. Earlier in his career, he served in leadership positions at Satellite Asset Management, Credit Suisse, and Citigroup. Gassenheimer holds an undergraduate business degree from the University of Pennsylvania.

Steve DeVoe, who previously served as CEO of Kelly-Moore Paints, has been named president and chief revenue officer. DeVoe began as a salesperson behind the counter at a Kelly-Moore retail store before rising through management to become an executive.

“Steve is an industry influencer and an invaluable member of the Kelly-Moore team,” said Gassenheimer. “Steve’s new role will see him return to his roots as our senior leader and manager of key relationships within the paint and coatings industry.”

Gassenheimer, who also serves as managing partner of the Flacks Group global investment firm, led Flacks Group’s purchase of Kelly-Moore Paints last month. In his role as Kelly-Moore Paints CEO, he will continue to evaluate acquisition opportunities that would enhance the reach and market for Kelly-Moore Paints.

“Both Charles and Steve have impressive experience and they make an unstoppable team,” said Michael Flacks, chairman of Kelly-Moore Paints. “Their combined expertise and industry knowledge will enable us to focus on the needs of the business today and prioritize creating long-term value for the company.”

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