Party City has announced that Brad Weston will be taking over as ceo as Jim Harrison – who will continue to serve as a director of the company – takes on the new role of vice chairman to focus on corporate development opportunities.
Brad – who has also been appointed to the company’s board of directors – has previously served as ceo of the Party City Retail Group and brings with him 32 years of valuable retail industry experience.
“We are grateful for Jim’s leadership and unwavering commitment to the business over the past 24 years,” said Norman Matthews, chairman of Party City’s board of directors. “Jim’s strategic vision enabled the company to grow both organically and through acquisitions, positioning Party City as an industry leader with further room to grow through our differentiated vertical model. We wish Jim all the best in this next chapter and are thrilled that we will continue to benefit from his insights and deep knowledge of our business. We look forward to working with Brad as he takes the reins of Party City.”
“Over the last two years, the board and I have been focused on identifying the right individual with deep retail experience to lead our company into its next chapter of growth,” added Jim. “In working with Brad over the last several months, it has become clear to us that he has the right skills, experience and understanding of our vertical model to lead the enterprise forward.”
“I’m honored to be named the next leader of this incredible company,” said Brad. “Party City has a tremendous platform and our employees have an impressive entrepreneurial spirit. I look forward to working across the entire organisation to further build a vertically integrated company across both wholesale and retail. I am excited to bring joy to consumers across the world and ensure that we are able to provide the full party experience to our customers.”
