December 21, 2021
S&S Activewear Promotes Frank Myers to President, Announces New CFO
Myers had been serving as CFO/COO of the Top 40 promo products supplier. Christopher Kodosky is taking over as CFO.
S&S Activewear (asi/84358) is making moves in the C-Suite.
The Bolingbrook, IL-headquartered firm, which is the third-largest supplier by revenue in the promotional products industry, has promoted Frank Myers to president. Myers will report to CEO Jim Shannon, a member of Counselor’s Power 50 ranking of the industry’s most influential people.
“We are so proud to have Frank as our new president,” said Shannon. “There is no one better suited to fulfill the responsibility of leading S&S into the future. We recognize and applaud Frank’s proven dedication, professional skills and vision.”
Myers joined S&S in 2009. He has been serving as chief financial officer/chief operating officer. As Myers moves into the president’s role (a straight promotion; he’s not replacing anyone), Christopher Kodosky will be stepping into the position of CFO.
“As our new CFO, Christopher brings a proven track record in business and operations,” said Shannon. “His leadership style and personality are a perfect fit for S&S. With the new addition of Christopher to the leadership team, all lights are green to ensure the next phases of our exponential growth.”
Kodosky has served as the CFO and vice president of finance for manufacturing and services companies for the past 17 years. He most recently was CFO of Justrite Safety Group, where he contributed to steering the private equity-owned and middle market safety products manufacturer through the COVID-caused recession and severe commodity inflation, according to S&S Activewear.
Prior to that, Kodosky served as the CFO of Global Brass & Copper, a $1.8 billion publicly traded company. He has also had various leadership and financial oversight roles, last as CFO of the minerals segment, within AMCOL International, which grew revenues from $450 million to just over $1 billion during his tenure.
“S&S is a great organization with a strong reputation,” said Kodosky. “I’m honored to join such a talented leadership team and have the opportunity to bring a strategic perspective to the company’s financial processes.”
Meanwhile, Myers’ promotion comes after more than a decade of him playing an essential part in propelling S&S from a strong regional player into a North American promo apparel-selling juggernaut that generated 2020 industry revenue of $1.4 billion, an 8% year-over-year increase that occurred despite the severe marketplace challenges caused by COVID-19.
Among other things, Myers has overseen the company’s operations, inventory procurement strategy, capital funding and financial partnerships. He has spearheaded strategic acquisitions, including EVA Tees, Americana Sportswear, Technosport, and most recently TSC Apparel (asi/90518) – the 14th-largest supplier in promo. Myers also led the operational design build-out and setup of S&S’s North America-wide distribution network.
Additionally, the company noted that Myers has “taken S&S into a new era of global responsibility over the last several years, as he managed the rollout of the company’s Environment and Social Governance platform, including the installation of solar energy at the majority of its distribution centers and at S&S headquarters.”
Said Myers: “I feel humbled to be representing such an amazing company and team. Our success lies in our employees, and I’m very proud of what we’ve built together over the years.”
In March 2021, private equity firm Clayton, Dubilier & Rice (CD&R) became the majority stakeholder in S&S Activewear. In announcing Myers’ promotion and Kardosky’s hiring, the Top 40 firm noted that it will “continue to bring in new, top-tier talent to grow the bottom line and its positioning in the industry.”