BUFFALO, N.Y. – Restonic CEO Ron Passaglia is set to retire from the company next month. The bedding veteran has spent almost five decades in the industry and has held top posts in key industry groups.
Passaglia will continue with Restonic as a resource to support the company through the transition period as another president is hired and takes the helm, officials said.
Passaglia joined Restonic in 2008 and focused his tenure on creating a united vision for licensees and building the Restonic brand across emerging channels in North America and internationally. From leading new and innovative digital platforms for both consumers and retailers to championing research on the evolving retail landscape to constantly pivoting as needs of licensees, retailers and consumers shifted, he has strived to provide a competitive advantage for Restonic in the marketplace, the company said.
“We have been fortunate to have Ron as Restonic’s corporate president and under his leadership, the brand has grown and Restonic is today a resource for many major retailers,” said Robert Sherman, president of Visionary Sleep, Restonic’s largest licensee. “He has brought years of knowledge and experience in the mattress industry and the other licensees, and I are very pleased that Ron has agreed to consult during 2021. Restonic is planning a year of significant growth.”
Passaglia entered the bedding industry via the retail floor sales at Levitz’s Furniture in 1971, rising through the ranks from territory sales posts to top executive positions at Simmons, Verlo Mattress and Selther USA before joining Restonic.
He also served on the Better Sleep Council and the International Sleep Products Assn. as board member and chair of both organizations. In 2000, ISPA presented Passaglia with the Robert MacMorran Memorial Award for his dedication and service to the bedding industry.
Passaglia said he is looking forward to new outdoor adventures and spending more time with his wife, Victoria, and their family.
“It’s always been about the relationships and believing what we do – delivering better sleep – makes a real and positive difference in people’s lives,” Passaglia said. “I’m very grateful to have had the opportunity to work with dynamic teams within a vibrant industry to help provide better stewardship and competitive, sustainable growth throughout my years of service. Plus, we’ve had a heck of a lot of fun along the way.”
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