Crystal Flash names CEO
An executive with Fortune 500 experience has taken the helm at a Grand Rapids-based fuel distributor.
With Crystal Flash chairman Tom Fehsenfeld and CEO Dave Scigliano retiring, the company said yesterday that it has hired 52-year-old Tom Olive to become the company’s new president and CEO.
Crystal Flash distributes propane, diesel and other fuels to commercial and residential customers.
Olive will oversee day-to-day operations and the company’s merger and acquisition deals.
“I am deeply honored to have been chosen to lead Crystal Flash,” Olive said. “The company is well-respected as a leader in energy distribution, not only in Michigan but around the country.
“I look forward to working with all 250 team members to continue building on the incredibly solid foundation that Tom and Dave are leaving us.”
Fehsenfeld said that Olive's "strong financial foundation, focus on team building and dedication to providing exceptional customer service make him a great fit for our culture."
Olive has more than three decades of leadership experience, including stints at two Fortune 500 companies, The Procter & Gamble Co. and Campbell Soup Co.
At Procter & Gamble, Olive served as associate director of international finance. He was the director of financial planning and analysis for Campbell’s U.S. soup business.
Olive came to West Michigan in 2003 to serve as Elan Nutrition’s chief financial officer.
Following his stint at Elan, Olive became president and CEO at True Textiles, a position he held prior to taking over at Crystal Flash.
Olive holds a bachelor’s degree from Drake University and a master’s degree in management from Northwestern University.