INWOOD, N.Y. — Bernard Milch, founder and CEO of Wascomat, has announced his retirement and resignation as company CEO. Neal Milch has been appointed CEO effective immediately.Bernard Milch founded Wascomat nearly 50 years ago and was known for his desire to establish front-load washers as the leading product solution for modern coin laundries. He also was a financial pioneer for coin laundries, Wascomat says, creating Viking Credit Corp. (later Viking Financial Services) to supply the capital required for entrepreneurs to establish their own businesses in the coin laundry industry.Neal Milch is an attorney by training and has been involved in product development, sales and marketing of Wascomat laundry equipment for 25 years. His experience includes two years as vice president of marketing for Electrolux Laundry Systems in Europe.
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