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goodbaby international holdi (1086) Details

Goodbaby International Holdings Limited, an investment holding company, is engaged in the research and development, design, manufacture, marketing, and sale of durable juvenile products. Its durable juvenile products include strollers, children's car safety seats, wooden cribs, walkers, bicycles, tricycles, dining chairs, e-cars, playards, bouncers, scooters, stationary activity centers, and bath tubs. The company also provides safety belts, cloth sets, car components, and bath and stadium chairs. Goodbaby International Holdings Limited offers its products through self-owned brands, such as Goodbaby/gb and HappyDino; and third party-owned brands, including Safety 1st, Cosco, Quinny, BebeConfort, Maxi Cosi, Silver Cross, Babideal, Mothercare, and Play. It operates in Europe, North America, Mainland China, and other countries. The company was founded in 1989 and is headquartered in Kunshan, the People's Republic of China.

12,829 Employees
Last Reported Date: 09/19/14
Founded in 1989

goodbaby international holdi (1086) Top Compensated Officers

Founder, Chairman and Chief Executive Officer
Total Annual Compensation: $7.6M
Vice President and Executive Director
Total Annual Compensation: $4.1M
Compensation as of Fiscal Year 2013.

goodbaby international holdi (1086) Key Developments

Goodbaby International Holdings Limited Announces New Appointments

Goodbaby International Holdings Limited announced the appointments of key management representatives Mr. Tim Maule as the Group's Chief Commercial Officer ("CCO"), Mr. Greg Mansker as the Group's Chairman and Chief Executive Officer ("CEO") of Northern and Southern American markets, and Mr. Erich Fuchs as the Group's Chief Supply Chain Officer ("CSO"). The appointments will reinforce overall management strength, and is in line with the Group's corporate strategy to upgrade Goodbaby International to a market-driven and brand-oriented one-stop vertically integrated enterprise. Mr. Maule was previously the Deputy Chief Executive Officer of the Group's subsidiary CYBEX. At his new role, he will be mainly in charge of the overall commercial execution of the Group's long-term strategy with a view to creating shareholder value. At the Group level, Mr. Maule will direct marketing, sales, brand portfolio management as well as international sales in Asia Pacific, Europe, the Middle East, Africa and North and South America. Mr. Mansker joined Goodbaby International in 2011 and held the position of Chief Executive Officer of overseas markets. He has over 28 years' experience, specializing in international business development, offshore sourcing and mergers and acquisitions. As Chairman and CEO of Northern and Southern American markets, he will be responsible for accelerating the growth of Goodbaby International's American business units. In particular, he will focus on working closely with the leadership teams of Evenflo, Urbini and GB to ensure that synergies through vertical supply chain are exploited to maximize all business opportunities globally. Meanwhile, Mr. Fuchs will be overall in charge of the Group's global strategy in procurement, production and logistics. He brings with him over 23 years' experience in production, strategic sourcing, logistic and quality. Mr. Fuchs' know-how will help improve the efficiency and productivity of the Group's production facilities globally, and develop supply chain synergies across the Group.

Goodbaby International Holdings Limited Provides Earnings Guidance for the Twelve Months Ended 31 December 2014

Goodbaby International Holdings Limited provided earnings guidance for the twelve months ended 31 December 2014. For the period, it is expected that the Group will experience a significant decrease of approximately 70% in its net profit for the twelve months ended 31 December 2014 as compared with the corresponding period for the twelve months ended 31 December 2013. Based on information currently available to the company, the Board considers that such decrease is primarily attributable to the related costs arising out of the acquisition plan implemented by the group and the relevant matters thereunder (such costs mainly include the financial advisory fees, legal expenses and accountants' fees paid by the group for the implementation of the acquisition plan and the cost of and interest on the increased bank loans raised for the merger and acquisition, the majority of which are one-off expenses).

Goodbaby International Holdings Limited Appoints Martin Pos as Deputy Chief Executive Officer

Goodbaby International Holdings Limited announced the appointment of Mr. Martin Pos, founder of high-end child car seat brand CYBEX, as the group's new Deputy CEO. The move reinforces overall management strength, and is in line with the group's corporate strategy to upgrade the company into a market-driven and brand-oriented one-stop vertically integrated enterprise. Subsequent to the group's acquisition of CYBEX in early 2014, it appointed CYBEX's founder, Mr. Martin Pos, as Executive Director in March 2014. He is an entrepreneur with over 20 years of industry experience including the development and management of premium lifestyle brands, most notably the global distribution, design and development of premium baby products. Since joining the company, he is primarily responsible for the management of the group's portfolio of global brands, and has provided great value to the group. In his new role as Deputy Chief Executive Officer of the company, he will continue to ride on his expertise in branding and marketing, and be directly responsible for the group's functions in group technical services, supply chain, brand portfolio management, global sales, as well as the human resources and information technology. He will also spearhead the consolidation of the three companies, Goodbaby, CYBEX and Evenflo to draw upon their advantageous resources and generate synergies. Mr. Song Zhenghuan, Chairman and CEO of the Group, will retain his capacity and be directly responsible for the group's overall strategic direction and direct management of all blue-chip customers.

 

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