Marc Blackman (left) and Matthew Banach

Gold Eagle Company, the Chicago-based manufacturer of STA-BIL fuel stabilizer, 303 cleaners and protectants and Hot Shot's Secret performance lubricants, has promoted CEO Marc Blackman to CEO and chairman of the board, replacing co-owner Rich Hirsch, who is retiring from the board.

Additionally, Executive Vice President of Market Innovation Matthew Banach has been promoted to chief operating officer (COO) and chief marketing officer (CMO).

Blackman was named president and COO in 2001 before being promoted to president and CEO in 2007. In 2014, he transitioned solely to CEO, effectively holding this position for the last 8 years. Under Blackman's leadership, Gold Eagle has grown its brand portfolio to include 303 appearance care products, TriNova home care items and Gold Eagle's first subsidiary of Lubrication Specialties, which includes the brands of Hot Shots Secret, Franz Filters and LSI Chemical.

For more information, visit goldeagle.com.