Asterios Satrazemis succeeds Avichal Jain as president/CEO
YSN Staff
Marcone, a leading North American distributor of appliance parts and equipment, has named Asterios Satrazemis as its new president/CEO, effective immediately.
Satrazemis succeeds Avichal Jain, who led Marcone’s expansion into the HVAC, plumbing, commercial kitchen and pool and spa categories during his 11-year tenure. Satrazemis is expected to build on that foundation by further growing Marcone’s market share and strengthening its reputation as the distributor of choice for leading OEMs and service technicians, the company said.
“We’re thrilled to welcome Asterios to Marcone,” said Rob Rutledge, managing partner at Genstar Capital, a San Francisco private equity firm and the distributor’s majority investor. “His inclusive leadership style, industry expertise, growth orientation and dedication to operational excellence align perfectly with our long-term vision for Marcone. We’re confident that under his leadership, Marcone will continue to grow and deliver best-in-class service to our customers.”
Proven Track Record
Satrazemis brings extensive executive and global leadership experience, with a track record of successfully growing diverse distributed service businesses, most recently as CEO of United Site Services and BlueLine Rental, Marcone noted in a press release. “Throughout his career, he has built strong cultures grounded in empowering frontline employees and delivering solutions that meet customer needs, resulting in sustained growth and market leadership in highly competitive sectors,” the company said.
“I am honored to join Marcone at such a dynamic time,” Satrazemis said. “With our team’s expertise and passion, we’re well-positioned to drive further innovation and growth. Together, we will continue to lead the distribution industry by delivering unmatched service and value to our customers and become the leading one-stop-shop distributor of products and equipment to service technicians.”
Since Genstar’s initial investment, St. Louis-based Marcone has more than tripled in size through a combination of both organic and inorganic growth, and now operates out of more than 200 locations across the continent. With its extensive nationwide distribution network and extensive fleet of delivery vehicles, the multi-billion-dollar business provides next-day ground delivery to 93% of U.S. customers and two-day delivery to 100% of its clients.
