INWOOD, N.Y. — Julia Milch has assumed the responsibilities of president for equipment distributor Laundrylux “as the next step in our senior management development process,” announces CEO John Sabino.
She will initially focus on technology, marketing, and supporting the Laundrylux Distribution management team, then over time will take on added responsibilities.
Cody Milch, who had served as company president since early 2018, is taking an operational role at the Milch Family Office, focusing on capital allocation and real estate investment and development.
“The laundromat business requires a constant flow of qualified locations and economic leases, so we are excited that Cody will help Laundrylux’s customers to expand to multi-store operations by developing pre-qualified lease opportunities,” Sabino says.
“I have learned exactly what laundromat owners need for their business to be profitable, so I’m looking forward to working with the Laundrylux and Laundrylux Distribution sales teams to develop opportunities for successful ‘Next Level’ high-spin laundromats, including affordable financing capital and multi-store operations enabled by technology,” Cody Milch says.
“I look forward to working closely with our remarkable CEO John Sabino; my brother Cody, who continues as a Laundrylux board member; and with Neal Milch, whose strategic vision guides Laundrylux,” Julia Milch says. “As a former product manager at Microsoft, I appreciate that high-quality, innovative hardware, software and IoT are essential to our customers’ success.”
“I take responsibility to prepare Laundrylux for the long term in products, technologies, and implementing thoughtful management succession planning,” says Neal Milch, executive chairman of Laundrylux’s Board of Directors. “Laundrylux is well into the third generation of family ownership, and as a family, we are united in our commitment to remaining independent and highly entrepreneurial!”
Laundrylux is the principal distributor of Electrolux Professional laundry equipment in North America.
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