Investor-backed Maple Donuts appoints Greg Somerville as CEO

Core Insights - Maple Donuts has appointed Greg Somerville as CEO, marking a significant leadership transition aimed at accelerating growth and market expansion [1][2][4] - Somerville brings extensive experience from previous roles in major companies, which is expected to enhance Maple Donuts' operational capabilities and customer relationships [3][4] Company Overview - Maple Donuts, founded in 1946 by the Burnside family, specializes in producing private-label doughnuts for retail and foodservice channels in the US [2] - The company is a portfolio entity of Swander Pace Capital, which acquired it in the summer of 2023 [2][4] Leadership Transition - The appointment of Greg Somerville is seen as a strategic milestone for Maple Donuts, with expectations for improved partnerships and market expansion [3][4] - Luke Burnside, the vice president for sales, emphasized Somerville's customer-first mindset and operational expertise as key to the company's growth [3] Future Prospects - The company is at an "exciting inflection point," with inquiries about potential new markets and customers as part of its expansion program [3] - Swander Pace Capital has not disclosed the financial terms of the acquisition, but it has a history of successful investments in various food-related companies [4][5]