Central Garden & Pet Appoints Niko Lahanas as CEO and Brad Smith as CFO
27 Setembro 2024 - 10:25AM
Business Wire
Niko Lahanas, Former Central CFO, Brings 18
Years of Experience at the Company
Brad Smith, Former CFO, Pet Segment,
Appointed Central CFO
Interim CEO and Director Beth Springer to
Return to Role of Lead Independent Director
Central Garden & Pet Company (NASDAQ: CENT), (NASDAQ:
CENTA), (“Central” or “the Company”), a market leader in the Pet
and Garden industries, announced today that Niko Lahanas has been
appointed Chief Executive Officer, and Brad Smith has been
appointed Chief Financial Officer, effective September 29, 2024.
Mr. Lahanas will also join Central’s Board of Directors. Mr.
Lahanas succeeds Beth Springer, who has served as Interim Chief
Executive Officer since October, 2023. Ms. Springer will return to
the role of Lead Independent Director.
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Niko Lahanas has been appointed Chief
Executive Officer of Central Garden & Pet, effective September
29, 2024. Mr. Lahanas will also join Central's Board of Directors.
(Photo: Business Wire)
“We are pleased to promote Niko to the role of CEO and are
confident he is the right leader for Central as the Company enters
its next phase of growth,” said Bill Brown, founder and Chairman of
Central Garden & Pet. “Niko is a trusted and seasoned leader at
Central, with nearly 18 years of experience in positions of
increasing responsibility. He was appointed CFO in May 2017 and has
been instrumental in setting the Company’s strategic direction and
driving performance in that role. His experience in many financial,
strategic and operating aspects of the organization will be
invaluable to the future success of Central.”
Prior to joining Central, Mr. Lahanas worked in private equity
and investment banking for over eight years. He holds a Bachelor of
Arts degree in Psychology from the University of California,
Berkeley, and a Master of Business Administration degree from The
George Washington University.
“Central has been my home for nearly 18 years. It is a great
honor and privilege to take the helm as we embark on the next
chapter in Central’s journey,” says Niko Lahanas, CEO of Central
Garden & Pet. “I look forward to partnering with the Board and
our leadership team to deliver strong results for our customers,
employees, shareholders and communities. With our strong
operational foundation, M&A capabilities and entrepreneurial
culture, I am excited about the opportunities that lie ahead.”
Mr. Brown added, “On behalf of the Board of Directors, I would
like to thank Beth for her steady leadership of Central during the
past year. Her strong executive experience and familiarity with the
Company resulting from her directorship made her the ideal
candidate to guide Central as Interim CEO.”
Said Beth Springer, “It has been a pleasure and a privilege to
work with Niko and the rest of the Central leadership in my
capacity as Interim CEO. I look forward to continuing to serve the
Company as a member of the Board of Directors.”
Brad Smith will succeed Mr. Lahanas as Chief Financial Officer
of Central. Mr. Smith joined Central in May 2017 and has provided
strong financial leadership to the Pet segment. Before joining
Central, Mr. Smith worked at the Delhaize Group (now Ahold
Delhaize), where he served 12 years in finance roles of increasing
responsibility, including as Chief Financial Officer of their
European operations. Prior to Delhaize Group, Mr. Smith spent 11
years at Arthur Andersen. He earned a Bachelor of Arts degree in
Economics from the University of California, Davis.
About Central Garden & Pet
Central Garden & Pet (NASDAQ: CENT) (NASDAQ: CENTA)
understands that home is central to life and has proudly nurtured
happy and healthy homes for over 40 years. With fiscal 2023 net
sales of $3.3 billion, Central is on a mission to lead the future
of the Pet and Garden industries. The Company’s innovative and
trusted products are dedicated to helping lawns grow greener,
gardens bloom bigger, pets live healthier, and communities grow
stronger. Central is home to a leading portfolio of more than 65
high-quality brands including Amdro®, Aqueon®, Cadet®, Farnam®,
Ferry-Morse®, Four Paws®, Kaytee®, K&H®, Nylabone® and
Pennington®, strong manufacturing and distribution capabilities,
and a passionate, entrepreneurial growth culture. Central is based
in Walnut Creek, California, with 6,700 employees primarily across
North America. Visit www.central.com to learn more.
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version on businesswire.com: https://www.businesswire.com/news/home/20240927935178/en/
Investor Relations Contact Friederike Edelmann VP
Investor Relations & Corporate Sustainability (925) 412-6726
fedelmann@central.com
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