Ascendia names Daniels as CFO
HAMILTON, N.J. Ascendia Brands, a player in the value and premium value health and beauty care market, has named Keith Daniels, CPA, as executive vice president and chief financial officer.
Daniels succeeds Jack Wissman, who served as interim chief financial officer pursuant to a financial services agreement with Carl Marks Advisory Group.
Prior to his appointment, Daniels served as senior vice president of finance at the company since March 2007. Before that, he was vice president of finance for Newell Rubbermaid. Before joining Newell Rubbermaid, he worked at Philips Consumer Electronics and The Disney Company in various finance roles.
Ascendia Brands in November 2005 expanded its product offerings through the acquisition of Baby Magic, Binaca, Mr. Bubble and Ogilvie brands. In February 2007, it acquired from Coty the Calgon and Healing Garden brands.
Alberto-Culver posts record Q1 sales
MELROSE PARK, Ill. Alberto-Culver, whose brands include TRESemme, Alberto VO5, Nexxus and St. Ives, posted record sales and earnings results for the first quarter thanks, in part, to solid growth of its Nexxus and TRESemme brands.
Net sales for the quarter increased 14.1 percent to $400.7 million from $351.1 million in the prior year.
Pre-tax income from continuing operations increased to $43.5 million from a loss of $1.3 million in the year-ago period. Excluding restructuring and other expenses of $4.8 million in the current quarter and $31.4 million in the prior year quarter, pre-tax earnings from continuing operations rose 60.5 percent to $48.3 million versus $30.1 million in the year-ago period.
The company also announced that the board of directors has increased the regularly quarterly cash dividend by 18.2 percent to 6.5 cents per share. The dividend will be paid on Feb. 20 to shareholders of record on Feb. 4.
Boots’ Waters to step down in February
STAMFORD, Conn. Boots Retail International has announced that Martin Waters, the company’s chief executive officer, will resign Feb. 14.
Once his term is complete, Waters is expected to take a new post in the United States, according to Boots. However, details were not disclosed.
A successor has not yet been named, but in the interim Kevan Quantock will continue to lead the Boots team in North America. Quantock has more than 15 years of experience with Boots, playing an integral role in the company’s international development over the last eight years. When introducing Boots to the United States, he was instrumental in establishing commercial and trade relationships with both Target and CVS.
Boots earlier this week announced the launch of its No7 skin care line for men.