Jarden Expands Executive Leadership To Support Future Growth
MIAMI, March 3, 2014
MIAMI, March 3, 2014 /PRNewswire/ -- Jarden Corporation (NYSE: JAH) today
announced that it has expanded its executive leadership team. The new
structure will help support Jarden's ongoing growth by bringing additional
expertise, depth and proven talent to the senior management team.
"In 2013, Jarden achieved key long-term financial goals set in 2010 and now is
the right time to expand our leadership team," stated Martin E. Franklin,
Jarden's Executive Chairman. "We have achieved record performance with
annualized revenue of approximately $8 billion with more than 120 powerful
brands operating in over 100 countries around the world. The new management
structure announced today not only acknowledges our considerably larger scale
and our ability to develop strong talent from within, but also positions
Jarden for even greater success in the near and long-term. Jim Lillie has done
an outstanding job since seamlessly taking over the CEO role from me in 2011
and I expect the changes we are announcing today will be equally seamless.
Jarden's unique Office of the Chairman structure remains unchanged and while
titles may vary, our collective commitment to Jarden's future success remains
Ian G. H. Ashken, currently Vice-Chairman and Chief Financial Officer, has
been named Vice-Chairman and President. Mr. Ashken co-founded Jarden along
with Martin E. Franklin in 2001, and has been integral in developing and
executing the business plan that led to the Company's consistent track-record
of growth. Within the Office of the Chairman, Mr. Ashken will continue to
have primary responsibility for the financial, legal and administrative
functions within the Company. In his new role, Mr. Ashken will expand the time
he spends on ensuring that the unique characteristics that make up Jarden's
DNA are recognized across the Company's expanding global business. The Company
views maintaining Jarden's unique culture and business model as a key element
of its future success.
Jarden will continue to operate the Office of the Chairman with three
executives Martin E. Franklin, Executive Chairman; Ian G. H. Ashken as
Vice-Chairman and President and James E. Lillie, Chief Executive Officer.
Martin E. Franklin will continue to oversee corporate strategy. James E.
Lillie will continue to direct the day-to-day operations of the Company while
expanding his focus on international growth, margin opportunities and further
leveraging our global platform.
Al LeFevre, currently Chief Financial Officer of Jarden Consumer Solutions
will be promoted to Executive Vice President-Finance and Chief Financial
Officer effective June 12, 2014. Mr. LeFevre joined Jarden through the
acquisition of American Household, Inc. (AHI) in 2005 and had been with AHI
since 1997. He has held positions of increasing responsibility, rising to
Chief Financial Officer of Jarden Consumer Solutions in 2002. Mr. LeFevre
possesses more than 25 years of consumer products experience working with the
leading brands of Jarden Consumer Solutions, and prior to that with The Quaker
Oats Company. Mr. LeFevre began his career with Arthur Andersen & Co. as a
Certified Public Accountant and graduated with distinction from Valparaiso
Al LeFevre will join Jarden's two existing Executive Vice Presidents to round
out the senior management team. John Capps, currently, EVP, General Counsel
will assume the new title of Executive Vice President-Administration and
General Counsel, assuming responsibilities for Human Resources coinciding with
the retirement of David Tolbert, currently Senior Vice President of Human
Resources, in September 2014. Rich Sansone, who has held positions of
increasing responsibility since joining the Company in 2005 and is currently
Executive Vice President-Finance will assume the new role of Executive Vice
President-Operations effectively immediately.
James E. Lillie, Chief Executive Officer commented, "We are focused on
maintaining our growth and positive momentum in the future having just
completed a significant acquisition and finishing a year that included record
revenues, record segment earnings, record operating cash flow, and record
adjusted earnings per share. At Jarden, we have a talented team, powerful
brands and a diversified global operating model that affords us numerous
opportunities for expansion. The expansion of our leadership team will
further strengthen the foundation we have built at Jarden. We expect this
structure to enhance operational efficiency, reduce risk and support our next
stage of growth and profitability."
Ian G. H. Ashken stated, "Al LeFevre is an excellent candidate to assume the
CFO title and will bring many years of successful operational and financial
expertise to the role. I look forward to having more time to spend with Martin
and Jim to create value from different aspects of our business in the future."
About Jarden Corporation
Jarden Corporation is a leading provider of a diverse range of consumer
products with a portfolio of over 120 trusted, quality brands sold globally.
Jarden operates in three primary business segments through a number of well
recognized brands, including: Outdoor Solutions: Abu Garcia®, AeroBed®,
Berkley®, Campingaz® and Coleman®, ExOfficio®, Fenwick®, Greys®, Gulp!®,
Hardy®, Invicta®, K2®, Madshus®, Marker®, Marmot®, Mitchell®, PENN®,
Rawlings®, Ride®, Sevylor®, Shakespeare®, Stearns®, Stren®, Trilene®, Volkl®,
Worth® and Zoot®; Consumer Solutions: Bionaire®, Breville®, Crock-Pot®,
FoodSaver®, Health o meter®, Holmes®, Mr. Coffee®, Oster®, Patton®, Rival®,
Seal-a-Meal®, Sunbeam®, VillaWare® and White Mountain®; and Branded
Consumables: Ball®, Bee®, Bernardin®, Bicycle®, Billy Boy®, Crawford®,
Diamond®, Dicon®, Fiona®, First Alert®, First Essentials®, Hoyle®, Kerr®,
Lehigh®, Lifoam®, Lillo®, Loew Cornell®, Mapa®, NUK®, Pine Mountain®, ProPak®,
Quickie®, Spontex®, Tigex® and Yankee Candle®. Headquartered in Florida,
Jarden ranks #383 on the Fortune 500 and has over 30,000 employees worldwide.
For further information about Jarden, please visit www.jarden.com.
SOURCE Jarden Corporation
Contact: Jarden Corporation, Rachel Wilson, 914-967-9400, Investor Relations:
Allison Malkin, ICR, Inc., 203-682-8225, Press: Liz Cohen, Weber Shandwick,
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