Michael K. Lorelli
15 Norman Lane
Darien, CT 06820
Michael Lorelli is a Chief Executive Officer and Board Director who is known for his insightful revenue growth abilities, as well as his versatility in growing businesses in a variety of industries. He has repeatedly been recruited to lead companies (generally $100 million - $1 billion) that need a new growth trajectory. He has led four private equity-backed companies plus has twenty years in P&L leadership roles with Fortune 50 consumer and B2B companies ($1.5 billion divisions). His strong consumer and B2B experience has equipped him to run businesses on six continents.
Mike has a great ability to advise, to coach, to shape strategic agendas, and to rally teams to achieve results beyond their own imaginations. He has a real passion for devising effective management compensation plans and has chaired the Compensation Committee on two public company Boards.
Mike was most recently the Executive Chairman of the Board of Rita's Franchise Company, where he was twice called upon to be Interim CEO. He took this position after building WaterJel Technologies for six years, for private equity Riverside Company. Previously, Mike was President, CEO, and Board Director of Latex International - another PE-backed company where he tripled revenues by building a strong management team, rejuvenating the culture and introducing new products and channels.
As CEO, President and Director of Strategic Optical Holdings, a contact lens supply company, he grew revenues and profits and led the separate divestiture of its two businesses. As Chief Revenue Officer of Air Express International (NASDAQ), a $1.2 billion air cargo leader, he built revenue and helped position the company for its sale to the largest logistics company in the world at a substantial market premium. As President of the $630 million Tambrands Company, Mike grew market share and profitability before selling the company to P&G at a 33% premium.
During his decade with Pepsico, Inc., Mike served as President of Pizza Hut International, President of PepsiCola's Eastern US bottling operations, and Chief Marketing Officer for PepsiCola North America. Mike began his business career in marketing and general management positions at Bristol-Myers Squibb.
Mike has held a variety of corporate director seats in both public and private companies. He currently sits on the board of Rita's Italian Ices, and C.P. Kelco. He has also been a director of two NASDAQ companies - Closure Medical Inc., and Trident International, Inc. He chaired the Compensation Committees of both of these public company Boards.
In addition, he has been a Director of three other PE-backed companies: WaterJel Technologies, Latex International, and Strategic Optical Holdings.
As an active independent director who seeks to make a tangible contribution to boards, Mike has earned his Master's level Professional Director's Certification from The American College of Corporate Directors, is a Masters level Governance Fellow in the National Association of Corporate Directors (NACD), and has attended the Wharton-Spencer Stuart Directors' Institute.
Mike holds an MBA from New York University's Stern School of Business, and a bachelor's degree in Industrial Engineering, also from NYU.
Mike lives in Darien CT. He has written a best-selling children's book, is an avid runner and active private pilot. He frequently speaks to business leaders about governance and private equity.