Classic Party Rentals confirms new CEO

The largest party and rental company in the US, Classic Party Rentals, has appointed Pedro Mata as president and chief executive officer.

Mr Mata has served as interim CEO since the resignation last September of previous CEO, John Campanelli.

Mr Mata was previously on the board of Quad-C Management, Classic Party Rentals' private equity owners.

Mr Mata said he "fell in love with the business. Our team and our foundation as the nation's leading full-service special event tabletop and tenting company make the future very exciting.

"As the recovery of our industry continues, Classic will continue to demonstrate our leadership role providing innovative products and services throughout our nation-wide network."

Mike Bjornstad will continue to serve as the company's chief operating officer.

Terry Daniels, chairman of Quad-C Management, said; "While serving as interim president and CEO, Pedro has developed and implemented a plan that has already resulted in fine results across our national network.

"In addition, he and the Classic team have solidified the foundation for continued growth, operational excellence, and industry leadership. We are thrilled he has accepted the position."

Mr Mata served on the board of directors at Classic Party Rentals before he became interim CEO and before that had extensive experience of growing and merging companies, primarily with the WR Grace, the chemical and construction materials group.

Classic Party Rentals, which is based in Los Angeles, has almost forty rental locations in the US, including depots in New York, Los Angeles, Chicago, Atlanta and Dallas.