As the next step in its senior management development process, Laundrylux recently announced that Julia Milch has assumed the responsibilities of president of the company.
“Julia will initially focus on technology, marketing, and supporting the Laundrylux Distribution management team,” said John Sabino, CEO of Laundrylux. “Over time, Julia will take on additional responsibilities.
“Cody Milch is taking an operational role at the Milch family office, focusing on capital allocation and real estate investment and development,” Sabino added. “The laundromat business requires a constant flow of qualified locations and economic leases, so we are excited that Cody will help Laundrylux’s customers to expand to multi-store operations by developing pre-qualified lease opportunities.”
“From the past 10 years, I have learned exactly what laundromat owners need for their business to be profitable,” explained Cody Milch. “I’m looking forward to working with the Laundrylux and Laundrylux Distribution sales teams to develop opportunities for successful Next Level high-spin laundromats, including affordable financing capital and multi-store operations enabled by technology.”
“I look forward to working closely with our remarkable CEO John Sabino, my brother Cody who continues as a Laundrylux Board member, and with Neal Milch, whose strategic vision guides Laundrylux,” noted Julia Milch. “As a former product manager at Microsoft, I appreciate that high quality, innovative hardware, software, and IoT are essential to our customers’ success.”
“I take responsibility to prepare Laundrylux for the long-term in products, technologies, and implementing thoughtful management succession planning,” stated Neal Milch. “Laundrylux is well into the third generation of family ownership, and as a family, we are united in our commitment to remaining independent and highly entrepreneurial.”
