PARAG SHAH & FRANK SPANO

President/Chief Operating Officer NEWAGE PRODUCTS BIO: Parag Shah and Frank Spano are in the business of solving problems for homeowners. Over the past decade, the co-founders and Ivey classmates have quietly built a privately held business that has generated more than $100 million in annual revenue and established offices in three countries. NewAge Products is a disruptive manufacturing and distribution company leading the home improvement industry with its best-in-class online shopping experience and suite of expertly engineered, innovative organizational solutions. As President, Parag oversees product design, marketing, creative and sales departments. As Chief Operating Officer, Frank drives the company to reach supply chain, logistics, customer service and financial targets. Together, they have grown the company to the point of national recognition both in Canada and in the United States by delivering greater value at every stage of the buyer journey, making it easier and faster for customers to beautify their living spaces and to realize the full potential of their homes. In 2020, the company is poised to launch into three new categories in home improvement: Flooring, kitchen cabinetry and outdoor rooms. When it comes to what it takes to be innovative, Parag has a simple mantra: “We must be willing to break with conventions, challenge our own personal biases and,