Wednesday, February 26, 2014

Randa Names Tackett President of Swank

Randa Names Tackett President of Swank

Terry Tackett
Randa Accessories will appoint Randa Luggage president Terry Tackett to lead its Swank business as the current president Rick Luft transitions to a new career in business and career coaching. Frank Fenton, the SVP of sales for Randa Luggage, will be promoted to president of that division.

Randa acquired Swank in 2012 for $57.5 million, completing the deal in May that year.
“Randa is an extraordinary company,” commented Luft in a statement. “Working with its leadership, culture, process, and dominant market share has been a great experience, an education and a pleasure. I am equally pleased to spend the next several months aiding a smooth leadership transition, and look forward to my continued involvement as an advisor to the company on strategy and key business initiatives.”
“We expect a seamless transition for these executives over the next several months,” said SVP and chief marketing officer David Katz. “Terry and Frank are experienced Randa managers with deep knowledge of these divisions and product classifications.”
Tackett, who takes the reins as president at Swank in March, has been in the accessories business for 20 years, first with Humphrey’s Leather Goods and then Randa after it acquired Humphrey’s in 2001.
Fenton started his career at Munsingwear and joined Randa as VP of sales for the neckwear division in 1990. He left the company to be VP of sales at JanSport for six years before returning to Randa as an SVP of sales in the Luggage division.