APPLETON, Wis./BRAINERD, Minn. — Mills Fleet Farm, a midwestern, value- based retailer of lifestyle merchandise serving active, outdoor families and suburban and farm consumers, has announced the appointment of Derick Prelle as president and Chief Executive Officer, succeeding Wayne Sales, who has been serving as interim CEO since January.
Derick Prelle joins Mills Fleet Farm from KKR Capstone where, as managing partner-Americas, he ran KKR Capstone’s Retail and Consumer Operations Group over the past decade.
After KKR announced its acquisition of Mills Fleet Farm in January 2016, Prelle had the opportunity to work closely with the company in his role working with KKR’s portfolio companies.
Prelle also has significant experience working in the retail sector with his role as an associate partner in McKinsey & Company’s retail and consumer practice. In those two capacities, he led significant transformation efforts at companies that include Dollar General, National Vision, Del Monte, Big Heart Pet, Channel Control Merchants and several other retail and consumer goods companies.
With the announcement, Sales will return to Mills Fleet Farm’s Board of Directors and serve as a special advisor to the company’s management team.