Ryko CEO Transitioning to New Role as Vice Chairman
L'Heureux to focus on M&A, growth
Published in CSP Daily News
GRIMES, Iowa -- Ryko Solutions Inc., a major provider of managed car wash systems, said that Steve L'Heureux has transitioned out of his role as president and CEO into the position of vice chairman of the company's board. In his new role, L'Heureux will help provide guidance on Ryko's long-term growth plans, key strategic initiatives and merger and acquisition opportunities.
Ryko's board has started a search for a new CEO to continue the company's growth trajectory and to lead day-to-day operations.
L'Heureux has provided strong leadership during the past three-and-a-half years, helping the company almost double in size during that time period. Under L'Heureux's tenure, Ryko has also completed six add-on acquisitions and become one of the largest providers of managed car wash systems in North America.
Today, Ryko offers an integrated, end‐to‐end clean vehicle solution consisting of equipment and cleaning products, supported by a national technical services organization.
"I would like to thank Steve for all of his hard work and dedication to Ryko over the past three years," said Troy Templeton, Ryko Solutions' chairman. "Steve's passion, energy and strategic vision left an indelible mark on the organization. Ryko is truly a better business today than it was when Steve joined the company. Steve recruited an industry-leading management team around him, all of whom will remain with Ryko and continue the company's focus of partnering with customers to maximize car wash profits."
"I am proud of the success we have achieved at Ryko and am excited about the solid foundation that has been built for future growth," L'Heureux said. "I am excited to move into this new role as vice chairman of Ryko's board of directors and look forward to continuing to help Ryko achieve its long-term goals. I would like to thank the Ryko management team and all of the company's employees for their support and hard work over the past three years."
Grimes, Iowa-based Ryko offers an integrated, end‐to‐end clean vehicle solution consisting of equipment, chemicals, a national technical services organization and consumer marketing programs. The company's primary focus is creating maximum profitability in car wash operations for gas stations, convenience stores, private investors, land developers and auto dealers.