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Brandsource CEO to step down next year

Bob Lawrence leaving at the end of 2014

Bob Lawrence, CEO of furniture, electronics and appliance buying group Brandsource, announced that he will step down from his duties at the end of 2014. In his role as CEO since 1994, Lawrence has grown Brandsource from less than 600 to more than 4,000 members with over 10,000 member storefronts.

Lawrence said there's a solid plan in place to help pave the way for a seamless transition, adding that it's time for new leadership to bring Brandsource and its members to the next level of growth.

"At this point, I feel that I've taken Brandsource as far as I can," he said. "I'm giving the board a full year to find someone to help move things forward. This will be a very smooth transition and there will be no interruption in daily business for Brandsource staff, vendors or members."

Lawrence said he plans to continue serving on the board of Ronald McDonald House Charities and will continue supporting the Brandsource organization and its members for as long as it is needed.

"I'd like to make it very clear that I'm stepping down as CEO, but I'm not going anywhere," Lawrence said. "I intend to remain as involved as the new leadership wants me to be. I want to assure our members that this transition will be a positive one."

Brandsource membership has increased over the past several years, which the company attributes to member-supported programs spearheaded by Lawrence and his team including the Brandsource Credit Card and Brandsource Financial, Brandsource Digital Marketing, Leasesource and Expert Warehouse.

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