Kid Brands Appoints Kerry Carr as Chief Financial Officer; Continues to Serve as Chief Operating Officer
05 Julho 2013 - 5:05PM
Marketwired
Kid Brands, Inc. (NYSE: KID) today announced that the Company has
appointed Kerry Carr as Chief Financial Officer, effective
immediately, replacing James Christl, whose resignation for
personal reasons from his position as Senior Vice President and
Chief Financial Officer has been accepted by the Company. Ms. Carr
will continue to serve as Executive Vice President and Chief
Operating Officer of the Company.
Raphael Benaroya, President and CEO, commented, "We are pleased
to have Kerry expand her leadership role with Kid Brands to serve
in the additional capacity of Chief Financial Officer. Since
joining Kid Brands, she has affected our business favorably in a
number of areas including inventory management, logistics and
expense reduction, while bringing a high level of energy and
discipline to our organization. Kerry is committed to serving as
Chief Financial Officer of Kid Brands, leading our seasoned and
dedicated finance team. We are confident that her extensive
financial experience in the consumer goods sector, including her
service as a CFO, and additional finance, internal audit,
operational and restructuring roles, will continue to benefit the
Company going forward."
Kid Brands noted that Mr. Christl's separation from the Company
is not related to any disputes with the Company or its Board of
Directors concerning the Company's financial statements, internal
controls or accounting policies and practices.
Ms. Carr has served as Executive Vice President and Chief
Operating Officer of Kid Brands since September 12, 2012, and
served as an operational consultant to the Company for several
months prior thereto. Prior to joining Kid Brands, Ms. Carr served
in various senior executive positions for almost a decade at Avon
Products, Inc., a New York Stock Exchange listed global beauty
products company, most recently as Group Vice President - Long
Range Business Review Initiative (November 2011-April 2012), where
she performed a comprehensive operating and financial assessment of
Avon's global business, and prior thereto as Group Vice President -
Global Supply Chain Finance (February 2008-November 2011); Vice
President - Finance Transformation (July 2006-March 2008); Vice
President (August 2005-July 2006), with responsibility for
identifying and overseeing execution of Avon's multi-year
restructuring initiatives; and Vice President - Internal Audit
(June 2003-August 2005). Preceding her tenure at Avon, she was Vice
President - Internal Audit and Security at AT&T (September
2001-June 2003), and served in various capacities at the Walt
Disney Company (1996-2001), including her latest position there as
Senior Vice President and CFO - ABC Broadcasting.
Kid Brands, Inc.
Kid Brands, Inc. and its subsidiaries are leaders in the design,
development and distribution of infant and juvenile branded
products. Its design-led products are primarily distributed through
mass market, baby super stores, specialty, food, drug, independent
and ecommerce retailers worldwide.
The Company's current operating subsidiaries consist of: Kids
Line, LLC; LaJobi, Inc.; Sassy, Inc.; and CoCaLo, Inc. Through
these wholly-owned subsidiaries, the Company designs, manufactures
(through third parties) and markets branded infant and juvenile
products in a number of complementary categories including, among
others: infant bedding and related nursery accessories and décor
and nursery appliances (Kids Line® and CoCaLo®); nursery furniture
and related products (LaJobi®); and developmental toys and feeding,
bath and baby care items with features that address the various
stages of an infant's early years, including the Kokopax® line of
baby gear products (Sassy®). In addition to the Company's branded
products, the Company also markets certain categories of products
under various licenses, including Carter's®, Disney®, Graco® and
Serta®. Additional information about the Company is available at
www.kidbrands.com.
Note: This press release contains certain forward-looking
statements. Additional written and oral forward-looking statements
may be made by the Company from time to time in Securities and
Exchange Commission (SEC) filings and otherwise. The Private
Securities Litigation Reform Act of 1995 provides a safe-harbor for
forward-looking statements. These forward-looking statements
include statements that are predictive in nature and depend upon or
refer to future events or conditions, and include, but are not
limited to, information regarding the status and progress of our
operating activities, the plans and objectives of our management
and assumptions regarding our future performance, operating
expenses, working capital needs, liquidity and capital
requirements, business trends and competitiveness. Forward-looking
statements include, but are not limited to, words such as
"believe", "plan", "anticipate", "estimate", "project", "may",
"planned", "potential", "should", "will", "would", "could",
"might", "possible", "contemplate", "continue", "expect", "intend",
"seek" or the negative of or other variations on these and other
similar expressions. In addition, any statements concerning future
financial performance, ongoing business strategies or prospects,
and possible future actions, are also forward-looking statements.
The Company cautions readers that results predicted by
forward-looking statements, including, without limitation, those
relating to our future business prospects, revenues, working
capital, liquidity, capital needs, interest costs and income are
subject to certain risks and uncertainties that could cause actual
results to differ materially from those indicated in the
forward-looking statements. Specific risks and uncertainties
include, but are not limited to, those set forth under Part I, Item
1A, Risk Factors, of the Company's most recent Annual Report on
Form 10-K and any subsequent Quarterly Reports on Form 10-Q, each
as filed with the SEC. Forward-looking statements are also based on
economic and market factors and the industry in which we do
business, among other things. These statements are not guarantees
of future performance. Forward-looking statements speak only as of
the date the statements are made. Except as required under the
federal securities laws and rules and regulations of the SEC, the
Company undertakes no obligation to publicly update any
forward-looking statement, whether as a result of new information,
future events or otherwise.
CONTACT: FTI CONSULTING Jennifer Milan/Daniel Haykin
212-850-5600
Kid Brands (CE) (USOTC:KIDBQ)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Kid Brands (CE) (USOTC:KIDBQ)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024