Seth Flowerman will continue in his role as CEO to guide PLT’s long-term vision to support the company’s continued global growth. Flowerman shared that Stagg’s appointment to president is an acknowledgement of his role in the dramatic growth of the company over the past six years, characterized by increased sales, a clear strategic vision and an expanded, highly talented team.

“Devin jointed P.L. Thomas & Co. in 2011, at a time when we looked vastly different from the PLT we know now,” Flowerman said in a statement. “Since then, Devin has been instrumental in shaping PLT into the organization it is today, and I am fully confident that he will find new ways to expand his impact in this new role. PLT’s role in the marketplace has radically transformed.

“We are called upon to be highly innovative, exhibit scientific leadership and positively evolve sustainability, transparency and quality initiatives — all while operating in an increasingly competitive business landscape,” he continued. “Devin will be the fourth president in PLT’s 75-year history and the first non-Flowerman to hold this title. I am deeply grateful to my grandfather, Marvin, and especially to my dad, Paul, for building the very foundation that allows us to make such a meaningful impact on the world every day.”

Stagg has been a member of PLT’s executive team, where he has been responsible for leadership and management across the organization, as well as driving the organization to achieve sales, profitability and other business and corporate culture goals, the company adds.

Additionally, he has been responsible for developing and managing strategic partnerships that are essential to PLT’s leadership in science-driven innovation.

“As an industry, we have entered into an era with a new level of need for innovation,” Stagg said in a statement. “With new consumers, new channels, new attitudes and new technology, innovation isn’t just a market orientation anymore — it is our product. A 2022 report by McKinsey stated that, by 2026, more than 50% of global revenues would come from products and services that did not exist in 2022.

“In the natural products business, this trend may be even more pronounced,” Stagg continued. “At PLT, we’ve built a platform with some of the most talented professionals in the industry, many with extensive consumer product expertise. That platform features a highly curated portfolio of best-in-class, scientifically supported ingredients, specifically developed to help consumer brands innovate and deliver effective, experiential health solutions. I am honored to take on the role of president and excited to lead this exceptional team into the future.”

As president, Stagg will spearhead the company’s next phase of growth, ensuring that PLT continues to deliver cutting-edge, science-backed solutions that shape the future of consumer health and wellness.