Coleman Announces Management Change
|The Coleman Company, Inc. Press Release||FlashlightNews.org - 9/17/2007|
President and Chief Executive Officer, Gary Kiedaisch, has resigned from the Company effective immediately for personal reasons
MicroPacker LED Lantern from Coleman
WICHITA, Ks. - The Coleman Company, Inc. announced today that its President and Chief Executive Officer, Gary Kiedaisch, has resigned from the Company effective immediately. The Company has initiated a search for a new CEO of the Coleman Company. In the interim, Sam Solomon, the Company’s current Chief Financial Officer, has been named acting Chief Executive Officer, and Dan Hogan, currently its Vice President of Finance, has been named acting Chief Financial Officer. Sam Solomon will report directly to Martin E. Franklin.
Martin E. Franklin, Chairman and Chief Executive Officer of Jarden Corporation, the parent company of Coleman, commented: “Gary has been a long time friend and colleague of mine for many years and I wish him well in his future endeavors. His departure is for personal reasons. Gary will work with Jarden to help ensure a smooth leadership transition. We believe that Coleman and our Outdoor Solutions segment has established itself as one of the leading players in the outdoor recreation market. Given this positioning we believe we will attract a number of excellent candidates that share our vision for the Company. As we conduct the search we have total confidence in Sam and Dan to provide the necessary leadership and direction to Coleman and the Jarden Outdoor Solutions segment. I will stay actively involved with the strategic decision making in the company, as well as the execution of our new product and brand awareness programs.”
Mr. Franklin continued, "With the closing of the K2 acquisition in August, we believe that we have the opportunity to build the leading company providing hard goods and equipment to the outdoor recreational market. We look forward to this next growth stage for Jarden Outdoor Solutions, and in particular Coleman, with renewed focus.”
About The Coleman Company, Inc.
The Coleman Company, Inc. is an international leader in the innovation and marketing of outdoor products, including its legendary lanterns, as well as stoves, tents, sleeping bags, backpacks, coolers, furniture and grills. Its products are sold and used all over the world. Coleman embraces its leadership role as an advocate for the outdoors, contributing to outdoor causes and inspiring people to get outside. Founded in 1900 and based in Wichita, Kan., Coleman is a wholly owned subsidiary of Jarden Corporation, and can be found online at www.coleman.com. Consumers can contact Coleman by phone at 800-835-3278 or by e-mail at email@example.com. Coleman® is a registered trademark of The Coleman Company, Inc.
About Jarden Corporation
Jarden Corporation is a leading provider of niche consumer products used in and around the home. Jarden operates in three primary business segments through a number of well recognized brands, including: Branded Consumables: Ball®, Bee®, Bicycle®, Crawford®, Diamond®, First Alert®, Forster®, Hoyle®, JavaLog®, Kerr®, Lehigh®, Leslie-Locke®, Loew- Cornell® and Pine Mountain®; Consumer Solutions: Bionaire®, Crock- Pot®, FoodSaver®, Harmony®, Health o meter®, Holmes®, Mr. Coffee®, Oster®, Patton®, Rival®, Seal-a-Meal®, Sunbeam®, VillaWare® and White Mountain™; and Outdoor Solutions: Abu Garcia®, Berkley®, Campingaz®, Coleman®, Fenwick®, Gulp®, Mitchell®, Stren® and Trilene®. Headquartered in Rye, N.Y., Jarden has over 20,000 employees worldwide. For more information, please visit www.jarden.com.