Sudden Exit At Tambrands
The chairman and CEO of Tambrands, Martin Emmett, abruptly resigned his post on June 1, a day before the company announced that earnings for 1993 are expected to fall significantly short of 1992's more than $3 a share. Heavy price increases and increased competition have left Tambrands, maker of Tampax tampons, with flat market share. Tambrands closed at 42 7/8 on June 2, down 37% from its 52-week high of 69 7/8. Howard B. Wentz, a Tambrands board member since 1985, was named temporary chairman.