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MIP OWNER PICKS ANOTHER CEO Featured

Community Brands, which owns the MIP Fund Accounting line, has named David Wirta as CEO. He replaced Sharon Love, who had been with the company since October 2020 and who joined it in February that year as COO.

Wirta was previously with CB from September 2019 through August 2020. Love replaced him in the COO. In between, he was COO of Therapy Brands described by the announcement as another company within the same investment portfolio.” So this is possibly an investor-spurred change. CB’s main product lines are associations and education and MIP tends to look like a neglected child. Moreover, there has been a bit of turnover in the CEO’s position. Founder Ross Croley was named CEO in September 2019, succeeding Jean-Paul Guilbault. Croley was also CEO from 1997 through 2017, when he became executive chairman of the board so the rotation has speeded up. If you count Croley twice, that’s five CEOs in five years. Croley has also been executive chairman of Therapy Brands from August 2017.

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