St. Louis-based meetings and
incentive management firm Maritz Holdings announced that David Peckinpaugh, current
president of subsidiary Maritz Global Events, will succeed Steve Maritz as president
and CEO, effective Jan. 1. Steve Maritz will move into an executive chairman role.
In his new role, Peckinpaugh will be
responsible for guiding overall business and go-to-market strategy, according
to the company. He will also retain oversight of Maritz Global Events.
Peckinpaugh’s promotion signals a major shift in
the 127-year-old company, as this will be the first time a Maritz family member
is not in the captain’s seat. Instead, the Maritz family is exchanging its
long-term management role for a long-term ownership one. Steve Maritz and his
sons, Ted, Willie and Jack, will remain shareholders and members of the Maritz board
of directors.