Kristi Dannelley has acquired ownership of Little Rock-based print and marketing firm Magna IV. She is now the owner, president and CEO of the company.
Dannelley acquired full ownership of the company from business partner Kent Middleton. Dannelley and Middleton have served as the company’s primary leaders since 2015, when they assumed control of Magna IV from founders Gary and Pat Middleton.
“Under Kristi’s steady and experienced leadership, I’m confident Magna IV will remain a leader in the print and marketing industry,” Middleton said in a statement. “While I will continue to be involved in sales and technology development, I look forward using this new free time to relax with my wife at our vacation home.”
Dannelley has served in multiple roles at Magna IV during her career. These roles include accounting manager, controller, chief financial officer, chief operating officer and president. She has spearheaded multiple business developments and partnerships, and the company provides a range of services, including climate-controlled warehousing, inventory management, fulfillment, packaging and shipping, reverse logistics and more.
“I’m grateful for the opportunity to lead this company and to build on the Middleton’s strong legacy,” said Dannelley. “Gary and Pat showed tremendous courage and tenacity when they founded Magna IV in 1975, and Kent has worked tirelessly to keep us on the leading edge. I’m thankful he has agreed to assist with our continued technology development, and I couldn’t be more optimistic or excited about what our company’s future holds.”