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GNC CFO resigns for new opportunity

BY Michael Johnsen

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.

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Mobee debuts new intelligence platform

BY Ryan Chavis

BOSTON — Mobee, a platform that delivers real-time intelligence to measure retail performance, announced that it has launched a new dashboard. The Retail Intelligence Dashboard uses in-store data collected by Mobee’s mobile app users across the United States. The company’s platform allows brands and retailers the opportunity to measure store- and channel-level performance.

Mobee’s platform has given companies in the retail, CPG and quick service restaurant industries to monitor a variety of shopper behaviors, the company said. The Retail Intelligence Dashboard provides the following:

  • Activity feed: a real-time feed of store-level data;
  • Photo insights: direct visibility to store, aisle and shelves;
  • Real-time alerts: alerts tailored for different client roles;
  • Responsive controls: allows the user to filter and sort data by channel, location and KPIs; and
  • Robust data tools: allows for exportability and report generation for research and presentation needs.

“Today’s smartphone technology and our tailored insights offer an intriguing pairing for today’s retailers and brands,” said Mobee’s CEO Prahar Shah. “Shorter feedback loops allow for faster, better informed decisions.”

 

 

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Fight the Fakes anti-counterfeit medicine coalition adds 11 partners

BY Michael Johnsen

GENEVA — Following the campaign’s six-month anniversary, Fight the Fakes last week announced 11 new partners, bringing the total number of member organizations to 25. New partners, representing wholesalers, pharmacists, mobile app services, coalitions for consumer protection and generic pharmaceutical manufactures, join the campaign to speak up and spread the word about the impact of fake medicines. These organizations add to a diverse group of standing partners, including healthcare professionals, disease-specific organizations, research-institutes, product-development partnerships, foundations, non-profits and the private sector.

The 11 new partners include the Alliance for Safe Online Pharmacies, the Alliance for Safe Online Pharmacy in the EU, the Center for Safe Internet Pharmacies, the European Association of Pharmaceutical Wholesalers, the Generic Pharmaceutical Association, the International Federation of Pharmaceutical Wholesalers, the International Pharmaceutical Students Federation, Mobilium, the Partnership for Safe Medicines, PSM India and the Pharmaceutical Security Institute.           

Fight the Fakes partners believe that a comprehensive strategy to combat fake medicines requires an active participation that involves all stakeholders, leveraging competencies at local, national and global levels, the group stated. 

 

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