David Lee announces planned exit as CEO of PECO Pallet

After leading more than 10 years of continuous growth as the president and CEO of PECO Pallet, a leading pallet rental company and member of the Pritzker Group family of companies, David Lee today announced that he will be stepping down from his role as CEO in 2016.

Lee will work closely with Pritzker Group on succession plans and serve as an ongoing advisor to the company after the search for his replacement is complete.

Lee joined PECO Pallet in 2005, prior to Pritzker Group’s ownership, and brought the company back from the brink of bankruptcy. After recruiting a new supply chain team, Lee helped PECO increase its pallet issues at a double digit rate every year during his tenure as CEO. Under his leadership, the company greatly expanded its distribution footprint throughout the U.S., Mexico and Canada and earned recognition as an industry leader.

“The past decade at PECO has been the highlight of my career and thanks to the strong foundation we’ve built, the company is well-positioned for continued growth and expansion,” Lee said. “Leading a rapidly growing company like PECO is a 24/7 lifestyle. It’s time for me to shift gears and hand the reins to a new leader who can continue PECO’s long run of profitable growth.”

“Working with David has been a great pleasure and a complement to our shared mission of creating long-term value,” said Pritzker Group managing partner J.B. Pritzker. “David is a consummate professional and we’re enormously grateful for his leadership these past ten years. Thanks to David’s insight and vision, PECO will sustain its rapid growth and industry-leading innovation and we look forward to continuing to grow together.”