The Stamford, Connecticut based broker Daymon Worldwide announced the resignation of Alex Miller, the company’s president and CEO after a 30-year career with the company. Allan Noddle, a board member, advisor, educator and former customer, agreed to step in as interim president while Milt Sender, chairman and co-founder, will retain the title of chairman and CEO
According to a release from the Daymon “The company is looking forward to producing great results for our supplier partners and customers and is very optimistic that private brands will continue to flourish,” Sender said.
The resignation comes after an eventful first half of the year for Daymon, the Daymon board of directors unanimously appointed Miller as CEO and both Safeway and Supervalu announced they would no longer need the broker’s services. This latest move will certainly signal a change for Daymon the question is will they return tot he brokerage model of the 1970’s or create a new model for the future.