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Nutramax Labs signs professional surfer Bethany Hamilton as brand ambassador for Cosamin line

BY Michael Johnsen

 

 
EDGEWOOD, Md. — Nutramax Labs on Tuesday signed professional surfer Bethany Hamilton as a brand ambassador for its Cosamin line of joint health products. A commercial featuring Hamilton will begin airing Sept. 15.
 
“Like many sports, professional surfing can take a toll on your joints. I'm taking Cosamin now to promote healthy joints,” Hamilton said. “I'm happy to be working with Nutramax Laboratories — Cosamin is a great supplement, and my values align well with those of Nutramax Laboratories.”
 
“Bethany is a young, professional athlete who is taking steps to help support her joint health well into the future,” said Troy Henderson, president and CEO of Nutramax Labs consumer care. “Bethany is a perfect choice as a Cosamin brand ambassador, and we are blessed to have her on our team.”
 
Hamilton has become a source of inspiration to millions through her story of faith, determination and hope. At the age of thirteen — on Oct, 31, 2003
— Hamilton was attacked by a 14-ft. tiger shark while surfing off Kauai’s North Shore. The attack left Hamilton with a severed left arm. 
 
Just one month after the attack, Hamilton returned to the water to continue pursuing her goal to become a professional surfer. In October 2004, Hamilton shared her life story in her autobiography entitled "Soul Surfer." Seven years later, the book was made into a major motion picture bearing the same title, which was released in 2011. 
 

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Cardinal Health names Michael Kaufmann CFO; Jon Giacomin assumes role of CEO Pharmaceutical segment

BY Michael Johnsen

Michael Kaufmann (left) and Jon Giacomin

DUBLIN, Ohio — Cardinal Health on Thursday announced that Michael Kaufmann has been named CFO of the company effective Nov. 11. This follows the previously announced planned retirement of current CFO Jeffrey Henderson.  

Jon Giacomin has been named to the role of CEO of the pharmaceutical segment, currently held by Mike Kaufmann, also effective Nov. 11.

"Over the past 24 years, Mike has demonstrated a track record of high performance across many roles for Cardinal Health. His unique blend of financial acumen and extensive operational experience make him ideally suited to take the position of CFO," stated George Barrett, chairman and CEO Cardinal Health. "We are excited to work with Mike in this new capacity. I'm thrilled that this move also allows us to bring Jon Giacomin into the Pharmaceutical segment leadership role. We are privileged to have the opportunity to draw from the deep well of our internal talent."
 
Kaufmann has served in the role of CEO of Cardinal Health's Pharmaceutical segment since 2009. He joined Cardinal Health in 1990 and held a number of senior operational, sales and finance positions. These positions included group president of the medical business of the former Healthcare Supply Chain segment, after serving as the segment's CFO. Prior to joining Cardinal Health, Kaufmann had a successful career in audit and consulting with Arthur Andersen, formerly one of the nation's largest public accounting firms.
 
Kaufmann is a member of the executive committee of the boards of the Healthcare Distribution Management Association and the National Association of Chain Drug Stores, and a trustee at Ohio Northern University. Kaufmann is the executive sponsor of the Cardinal Health Women's Initiative Network Employee Resource Group, which is dedicated to fostering partnerships that create a great place for women to work and grow their careers, while building a sustainable competitive advantage for Cardinal Health.
 
He earned a bachelor's degree in business administration from Ohio Northern University.
 
To ensure a seamless transition, current Cardinal Health CFO Jeff Henderson will remain as an employee until his retirement just past the end of the fiscal year in August 2015.  He will continue to have oversight for Cardinal Health China, in addition to working with the Cardinal Health leadership team on significant initiatives.
 
A 12-year veteran of Cardinal Health, Giacomin currently serves as president of U.S. Pharmaceutical Distribution. Prior to this, he was EVP Pharmaceutical Operations, where he was responsible for warehouse operations at 22 distribution centers and pharmaceutical packaging operations. Giacomin joined Cardinal Health in the Pharmaceutical packaging business and served as its VP and general manager before moving to the position of SVP inventory management for the former Healthcare Supply Chain Services segment.
 
Prior to joining Cardinal Health, Giacomin held engineering and operating roles for Griffith Micro Science and Sterigenics. He also served as a lieutenant in the U.S. Navy, where he held an engineering role.
 
He currently serves on the boards of trustees of the National Association of Chain Drug Stores Foundation and the Cardinal Health Foundation and as the executive sponsor of the Cardinal Health Veterans and Military Advocates Employee Resource Group.
 
He earned a bachelor's degree in mechanical engineering from the University of Notre Dame and an MBA from the University of Chicago.

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Kroger’s Q2 sales up 11.6%; supermarket raises full-year guidance

BY Michael Johnsen

 

CINCINNATI — Kroger Thursday morning reported total sales of $25.3 billion, representing an increase of 11.6% for its second quarter. Total sales, excluding fuel, increased 12.4% in the second quarter over the same period last year.
 
"We are winning with customers because we offer a full range of advantages including a great overall shopping experience, excellent customer service, a complete assortment of both national and corporate brand products and everyday low prices and promotional offerings," stated Rodney McMullen, Kroger CEO. "As we improve our connection with customers, we are also executing our growth plan and delivering on our key performance indicators – all of which is fueling strong financial results for shareholders."
 
Net earnings totaled $347 million, or $0.70 per diluted share, and identical supermarket sales growth, without fuel, was 4.8% in the second quarter of fiscal year 2014, marking the 43rd consecutive quarter of positive identical supermarket sales growth. 
 
Net earnings in the same period last year were $317 million, or $0.60 per diluted share.
 
Based on the second-quarter results, the company raised and narrowed its adjusted net earnings per diluted share guidance to a range of $3.22 to $3.28 for fiscal 2014. The previous guidance was $3.19 to $3.27 per diluted share. Kroger raised its identical supermarket sales growth guidance, excluding fuel, to 3.5% to 4.3% for fiscal 2014. The previous guidance was 3% to 4%. 
 
This is the second consecutive quarter that includes Harris Teeter in Kroger's statement of operations. Year-over-year percentage comparisons are affected as a result.
 
 

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