PITTSBURGH — GNC Holdings on Friday announced Michael Nuzzo, EVP and CFO, has tendered his resignation in order to accept an executive position at an unnamed private equity-funded consumer products company.
Nuzzo will remain with GNC at least through July 18.
"Since joining us in 2008, Mike has been instrumental in leading the company through a number of growth initiatives, building the foundation for its transition to a public company, and instituting a disciplined capital structure," stated Joe Fortunato, GNC chairman, president and CEO. "I would like to thank Mike for his leadership and dedication, and wish him all the best in his new endeavor."
"Following a great run of more than five years as GNC's CFO, I was presented with a unique career opportunity that will challenge me in new and different ways," Nuzzo said. "I look forward to this new chapter in my career, and am confident the longevity and financial strength demonstrated by the GNC business model will enable it to attract another successful CFO."
GNC intends to immediately commence a search for a new CFO.