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Laundrylux Shakes Up Executive Suite with Management Promotions

Effective Jan. 1, Neal Milch executive chairman, Sabino CEO, Cody Milch president

INWOOD, N.Y. — Laundrylux, the North American supplier of Electrolux and Wascomat commercial laundry equipment for Laundromats and on-premises laundries, reports it is making a series of important management changes effective Jan. 1.

CEO Neal Milch will assume the role of executive chairman of the Laundrylux Board of Directors.

“The world is changing incredibly fast,” says Milch, “and my highest value to the business is to look past the horizon to understand what is coming, and working with our senior management team to develop sustainable growth strategies across all brands and channels.”

Under Milch’s tenure as CEO, Laundrylux says it developed an expanded portfolio of brands and products for more market segments than ever before in its history while multiplying revenues.

“We have succeeded by being creative, aggressive, investing in technology, and most of all investing in people,” he says. “That will continue at an accelerated and more intensive pace.”

Laundrylux President John Sabino will become CEO.

“John is an essential partner in the business, and my family and the employees of Laundrylux have complete confidence in John,” says Milch. “He is smart, creative, dedicated, and exhibits the values and ethos we have always embraced as a company. He is respected by everyone he does business with, and he will lead Laundrylux to even greater success.”

“Neal initiated this change almost a year ago, and it is testament to his selflessness in always putting the needs of the business first,” says Sabino, who became president in 2014 after having served as chief operating officer and manager of vended laundry sales. “I look forward to the challenges of being CEO and am happy that Neal is continuing his full-time participation as an out-of-the-box innovator, mentor, and friend.”

Sabino’s first action as CEO was to announce the appointment of Cody Milch as president of Laundrylux. Milch joined the company in 2013 and most recently had served as vice president of OPL sales and the PLUS program.

“It’s always a bit tough to come in as the son of the CEO and grandson of a legendary founder, but Cody has demonstrated remarkable strength, insight, work ethic, and leadership over the past four years,” Sabino says. “He has fully earned this promotion and enjoys the complete confidence of our employees, partners and customers.”

“John has made being president of Laundrylux look easy,” says Milch, “but I have tremendous respect for the talent and hard work it takes to succeed. I appreciate the opportunity to build on this legacy and to lead digitization of our enterprise.”

Milch says Laundrylux is deploying integrated software platforms to support long-term growth initiatives, and professionalizing and scaling every aspect of its business.

In his first act as company president, Milch announced the appointments of Michael Martino as vice president of finance and James Fair as chief financial officer.

“We now have by far the strongest management team in our history,” says Julia Milch, a member of the Laundrylux Board of Directors. “This team can and will execute the strategic plan they have developed to leverage the tremendous products and technologies in our portfolio. The opportunities in 2018 and beyond are very exciting, and management has the complete support of the Board.”

laundrylux cody and neal milch web

Effective Jan. 1, Laundrylux CEO Neal Milch (right) will assume the role of executive chairman of the company’s Board of Directors. His son, Cody Milch (left), will become company president. (Photos: Laundrylux)

laundrylux john sabino web

Replacing Neal Milch as Laundrylux CEO will be John Sabino, who became president in 2014 after having served as chief operating officer and manager of vended laundry sales.

Have a question or comment? E-mail our editor Bruce Beggs at [email protected].