Interstate Batteries announced the promotion of Chief Operating Officer Lain Hancock to president and chief executive officer. Hancock, who joined the organization in January 2019, assumes the new role on May 1.
Scott Miller, who has served as president and CEO of the organization for over a decade will become executive chairman of the Interstate Board of Directors, succeeding his father, Norm Miller, who will assume the role of chairman emeritus.
“For the past year, we’ve been working on this succession plan, assessing our long-term goals for growth and expansion and identifying who would be the best person to lead Interstate through its next chapter,” said Miller. “Lain was the clear choice with his values-driven approach to leadership and his deep knowledge of and experience in the distribution and CPG industries. He will be an essential piece to advancing a future-ready operating model so that Interstate continues to thrive well into the future.”
In Hancock’s role as president and CEO, Interstate Batteries says he will lead strategic initiatives to support and accelerate the company’s overall growth strategy as well as cultivate its extraordinary culture.
Prior to joining Interstate Batteries, he spent 12 years at Keurig Dr Pepper, most recently as Chief Strategy and Emerging Brands Officer. Lain’s prior experience includes management consulting with McKinsey & Company and 11 years as an Aviation Branch officer with the United States Army.
“I’m honored and grateful to Norm, Scott and the Board for the opportunity to lead this team of exceptionally talented individuals,” said Hancock. “Interstate Batteries possesses such a rich history and is deeply committed to its Purpose and Values. I’m humbled to be a part of this organization and look forward to working with Scott, the Board and the rest of the leadership team as we seek to deliver on our Purpose now and for generations to come.”
For more information, visit interstatebatteries.com.