SPINS appoints new CEO
SPINS, a provider of wellness-focused data and analytics for the CPG industry, has named Jay Margolis as its new chief executive officer. Margolis succeeds Tony Olson, who remains SPINS' largest individual investor and will transition to chairman of the board, according to a release.
“I am excited to join SPINS as their new CEO and embark on this journey. It's a great opportunity to work with a dynamic and innovative company that is revolutionizing data analytics and insights in the CPG industry," Margolis said in a news release. "The dedication and passion of the SPINS team, along with their commitment to promoting healthier choices, is impressive. Together, we will explore new areas, leverage advanced technologies and unlock new opportunities."
Margolis brings more than two decades of leadership experience in the healthcare industry, with a proven growth record spanning service, sales, marketing, product, delivery, portfolio strategy and mergers and acquisitions, the release said.
Most recently, Margolis served as senior vice president and general manager at IQVIA, where he led a diverse data and technology business, driving rapid growth and overseeing more than 1,300 employees across multiple geographies.
What sets Margolis apart is not only his professional expertise but also his personal dedication to health and wellness, the release said. As a devoted consumer of natural and organic products, Margolis “understands and embraces the mission and values that SPINS holds dear. His passion for creating a healthier and more sustainable planet for future generations is unwavering.”
Stepping into the CEO role, Margolis calls the opportunity "an extraordinary culmination of my professional experience and personal passion.
"My role is to lead SPINS towards a bright future, driving growth, fostering collaborations and accelerating innovation,” Margolis continued. “We'll not only explore adjacent markets but also pioneer new territories, creating significant opportunities for consumers and businesses. Our mission is to have a positive impact, unveiling unprecedented possibilities and shaping the future landscape," continued Margolis.
As part of the transition of leadership, Olson assumes the position of chairman of the board, while also remaining a significant investor in SPINS, the release said.
"I am immensely proud of what SPINS has accomplished over the past 25 years, as we have sought to lead the growth of the broader health and wellness ecosystem and aid connectivity between retailers, brands and consumers through our critical market insights and intelligence," said Olson. "I am looking ahead to the further expansion of SPINS' mission and am thrilled that a leader of Jay's caliber has joined the team to steward SPINS through its next phase of growth. He brings valuable perspective, experience and passion to the role."
Margolis officially assumed the role of CEO on July 17.
