Systemax Inc. (NYSE:SYX) today announced a CEO succession plan under which Barry Litwin, a member of the Systemax Board of Directors and currently the Chief Executive Officer of Adorama, Inc., will join the Company as Chief Executive Officer on January 7, 2019. Larry Reinhold, President and Chief Executive Officer and a member of the Systemax Board of Directors, will step down from his management roles at the Company on that date and will assist Mr. Litwin in his transition to his new responsibilities over the next several months. Mr. Litwin and Mr. Reinhold will remain on the Board of Directors.

Richard Leeds, Executive Chairman, said, "Barry Litwin has been a valued member of our Board of Directors and during the past year we have seen firsthand his management abilities and expertise. We look forward to continuing to benefit from his acumen in sales growth and operational excellence, which will be critical in the continued execution of our ongoing business initiatives. Barry is already very familiar with the Company through his board membership and we expect the transition will be seamless."

Barry Litwin said, "Systemax is well-positioned for its next stage of growth, as we build and execute a clear and differentiated strategy to provide customers with exceptional value. We will strive to enhance our leading end-to-end customer experience, our integrated digital and high-touch sales and service capability and, our position as a single source for premier branded and innovative products and services. I am excited to lead Systemax and our associates to the next level of growth."

Mr. Leeds continued, "Larry has been with Systemax for nearly 12 years and ascended to the CEO role three years ago, and working closely with the Board, has successfully led the Company through numerous planned restructuring and business improvement initiatives. Larry has done an exceptional job leading the Company, and shareholder value has grown significantly through this process. With these initiatives complete, we determined with Larry that the time is right for him to move on to new challenges, and for us to further leverage the platform Larry helped us build."

Larry Reinhold said, "With a singular focus on the MRO and industrial equipment market, Systemax is well positioned to capitalize on its future growth opportunities and this marks an ideal time for me to pursue other interests. I wish to thank all of our associates for their efforts and support over the years and look forward to working with Barry during the transition. I will remain a significant shareholder and I'm excited to continue to serve as a consultant and a Board member to the company."

Barry Litwin has served as Chief Executive Officer of Adorama since 2015. His previous executive roles included overseeing the e-commerce businesses and digital strategy for Sears Holdings, Inc., Office Depot, and Newark Electronics, Inc., in addition to serving as an advisor to several early stage technology companies. Barry graduated from Indiana University with a BS degree, and an MBA in Operations from Loyola University, Quinlan School of Business in 1992.

About Systemax Inc. Systemax Inc. (www.systemax.com), through its operating subsidiaries, is a provider of industrial products in North America, going to market through a system of branded e-Commerce websites and relationship marketers. The Company's primary brand is Global Industrial(www.globalindustrial.com).