Jeffrey Meiler, founder of north Wilmington-based Best Egg, has resigned, with the current CFO taking the top slot.
Paul Ricci has been named as the new Chief Executive Officer. Ricci, who was the founding Chief Financial Officer.
Ricci will lead strategic growth and innovation as the company’s new CEO.
“The board and management team are fully supportive of Ricci’s ability to build upon the foundation laid by his predecessor and drive the company’s strategic plans forward, a release stated.
“The Board appreciates Jeffrey Meiler’s exceptional leadership in building a high-performing company and fostering a strong organizational culture. His decision to resign was difficult, but ultimately driven by his belief that it was in his and the company’s best interest to hand over the reins to the leadership team to guide Best Egg into its next phase of growth,” said Jack Klinck, executive chair of Best Egg’s board of directors.
Klinck expressed his support for the appointment, stating, “With his deep understanding of the Best Egg business cultivated through his tenure as CFO, Paul has proven himself to be an exceptional leader. He has played a vital role in the company’s success, driving continued growth and fostering its award-winning culture. The board is confident that Paul will seamlessly transition into his new role and lead Best Egg to a future filled with success.”
“I am honored and excited to be appointed Chief Executive Officer for Best Egg,” said Ricci. “Together, with our exceptional team, we will capitalize on opportunities, exceed customer expectations, and drive sustained growth for the company.”
As part of the transition, Bobby Ritterbeck has been named President and Andrew Deringer has been named Chief Financial Officer.
These important management changes reflect Best Egg’s commitment to maintaining its trajectory of growth and success. The company’s performance remains strong and stable, and no anticipated material changes will result from the appointments.
Ricci joined Best Egg in 2014 and has served as the company’s Chief Financial Officer twice, from 2014 to 2017 and since 2020. He has more than 20 years of experience in financial services and direct-to-consumer marketing, and he has held a variety of finance and leadership positions at growth companies in the financial industry.
Best Egg recently rebranded from its previous name Marlette Funding. The company offers loans and credit cards for people with subprime credit and recently announced a rent program for landlords and tenants that can avoid late payments.
