LOVELAND, Colo. — Pinnacle Operating Corporation (“Pinnacle”) is pleased to announce that Robert Marchbank has been named as its President and Chief Executive Officer. In this role, Mr. Marchbank will lead Pinnacle’s agriculture retail and wholesale distribution businesses across 27 states.
“Rob is an exceptionally talented leader with a proven track record in wholesale distribution. The knowledge, vision and experience that he brings to Pinnacle will be an invaluable asset for the Company’s employees, customers, suppliers and investors,” said Samuel Feinstein, Partner at Apollo Global Management and Member of Pinnacle’s Board of Directors. “We are very excited to have Rob join the Pinnacle team and know that Rob will be an unparalleled leader for Pinnacle’s next chapter of profitable growth.”
Prior to joining Pinnacle, Mr. Marchbank most recently served as the Chief Executive Officer of ProBuild Holdings, Inc. (“ProBuild”), which, prior to its acquisition by Builders FirstSource (“Builders FirstSource”), Inc., was one of the nation’s largest professional building materials suppliers. At the time of its acquisition by Builders FirstSource, ProBuild had revenues of approximately $4.5 billion, over 400 locations, and more than 10,000 associates in 40 states. Prior to ProBuild, Mr. Marchbank served as the Chief Executive Officer of Wolseley plc’s European operations, where he ran multiple business operations across 19 countries. Throughout his career at Wolseley plc, which he joined in 1982, Mr. Marchbank served in several senior management-level roles, including managing director for U.K. and Ireland, and also held positions in IT management and strategic planning. Mr. Marchbank received his bachelor’s degree in government from The College of William and Mary.
“I am excited to join the Pinnacle team,” said Mr. Marchbank. “In particular, I am honored and privileged to have the opportunity to work with such a dedicated and talented group of individuals. Pinnacle is a great organization with a solid legacy and an incredibly bright future. I look forward to helping Pinnacle continue to develop its employees and be the best at serving its customers so that they can grow profitably. I would also like to thank Kenny Cordell for his immense contributions to both Pinnacle and the industry more broadly over the course of his career. I look forward to continuing to work with and learn from Kenny as he transitions into a role on Pinnacle’s Board of Directors.”
Pinnacle Operating Corporation is a first-in-class agricultural retail and wholesale distribution business created through acquisitions and greenfield establishments. The company operates through its Sanders®, AgVenture® Pinnacle, OptiGro®, Innvictis Crop Care, LLC™, Meridian Agriculture Distribution™, Mission Seed Solutions, LLC™ and Altitude Crop Innovations, LLC™ brands, serving growers across 27 states. Pinnacle is multifaceted in its operations, which include seed production and sales, agricultural chemical distribution, bulk handling of fertilizer, precision agriculture services and general merchandise for the farming, livestock and wildlife industries.
— Pinnacle via AgPR
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