EveryWare Global Announces Leadership Transition
Branded Consumer Products Veteran Sam Solomon Appointed Interim CEO
Board of Directors Forms Committee to Conduct CEO Search
LANCASTER, Ohio, Feb. 25, 2014 (GLOBE NEWSWIRE) -- EveryWare Global, Inc.
(Nasdaq:EVRY) announced today that its Board of Directors has appointed Sam
Solomon to serve as interim Chief Executive Officer, effective immediately.
Mr. Solomon is succeeding John Sheppard, who left the Company effective
February 24, 2014.
Mr. Solomon joins EveryWare with more than 20 years of leadership experience
in branded consumer, multi-channel businesses including Sears, The Coleman
Company, and Procter and Gamble. Most recently, he served as President of the
Sears/Kmart Tools, Hardware and Paint business where he was responsible for
the iconic Craftsman brand. Prior to Sears, Mr. Solomon served as President
and CEO of The Coleman Company, a division of Jarden Corp., the global
consumer products company, for seven years.At Coleman, Mr. Solomon led the
company to double-digit sales and profit growth through innovative marketing,
effective sales strategies, operational excellence, and aggressive
Commenting on Mr. Solomon's appointment, Daniel Collin, Chairman of the Board
of Directors at EveryWare, said, "Sam is an accomplished executive with a
clear understanding of strategy, finance and operations in the branded
consumer product industry.We are confident that he brings the right
management skills and leadership to ensure the Company continues to execute
its business strategy, including securing new customer wins in underserved
channels, expanding the international and specialty segments, and identifying
cross-selling opportunities in the foodservice segment.We look forward to
working with Sam as EveryWare continues to grow and innovate.In addition, on
behalf of the Board, I would like to thank John for his contributions and wish
him the best in his future endeavors."
The Board of Directors has formed a search committee to evaluate candidates to
serve as the Company's permanent CEO and has engaged leading executive search
firm, Korn Ferry, to assist in the process.Mr. Solomon is a candidate in the
search for a permanent EveryWare CEO.
Mr. Solomon added, "I am excited about EveryWare's opportunity to build on its
established and compelling business model. The Company has extensive avenues
for growth that can be achieved by leveraging two of the most recognized
brands in the tabletop industry, strong customer relationships and continued
product innovation. I look forward to working with EveryWare's customers,
suppliers and team members."
Forward Looking Statements
The Company makes forward-looking statements in this press release. These
forward-looking statements relate to expectations for future financial
performance, business strategies or expectations for our business.
Specifically, forward-looking statements may include statements relating to
the Company's execution of its business strategies, the Company's expectations
for growth and innovation and other statements preceded by, followed by or
that include the words "estimate," "plan," "project," "forecast," "intend,"
"expect," "anticipate," "believe," "seek," "target" or similar expressions.
These forward-looking statements are based on information available as of the
date of this press release, and current expectations, forecasts and
assumptions, and involve a number of risks and uncertainties. Accordingly,
forward-looking statements should not be relied upon as representing the
Company's views as of any subsequent date, and the Company does not undertake
any obligation to update forward-looking statements to reflect events or
circumstances after the date they were made, whether as a result of new
information, future events or otherwise, except as may be required under
applicable securities laws.
As a result of a number of known and unknown risks and uncertainties, our
actual results or performance may be materially different from those expressed
or implied by these forward-looking statements. For a description of the
factors that may impact our actual results or performance, see the Quarterly
Report on Form 10-Q for the quarter ended June 30, 2013 filed with the
Securities and Exchange Commission.
About EveryWare Global, Inc.
EveryWare Global, Inc. (Nasdaq:EVRY) is a leading global marketer of tabletop
and food preparation products for the consumer and foodservice markets, with
operations in the United States, Canada, Mexico, Latin America, Europe and
Asia. Its global platform allows the Company to market and distribute
internationally its total portfolio of products, including bakeware,
beverageware, serveware, storageware, flatware, dinnerware, crystal,
buffetware and hollowware; premium spirit bottles; cookware; gadgets; candle
and floral glass containers; and other kitchen products, all under a broad
collection of widely-recognized brands. Driven by design and innovation,
EveryWare Global, Inc. is recognized for providing quality tabletop and
kitchen solutions through its consumer, foodservice, specialty and
international channels.EveryWare Global, Inc. was formed through the merger
of Anchor Hocking, LLC and Oneida Ltd. in March of 2012.
CONTACT: Sloane & Company
Josh Hochberg, 212-446-1892
Erica Bartsch, 212-446-1875
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