Summer Infant Appoints New Chief Product Officer
November 17 2016 - 8:00AM
Summer Infant, Inc. ("Summer Infant" or the "Company")
(NASDAQ:SUMR), a global leader in premium infant and juvenile
products, today announced that Art Gehr has been appointed as the
Company’s new Chief Product Officer, beginning December 5, 2016.
“Art comes to Summer Infant with over 20 years
of experience in juvenile product development, operations,
marketing, and branding,” said President and Chief Executive
Officer Mark Messner. “We are excited to have Art join our
team. His experience in building brand awareness and creating
innovative products will be a tremendous asset as we further
leverage an already innovative team, and look forward to achieving
our strategic objectives for Summer Infant.”
Prior to joining Summer Infant, Mr. Gehr was
General Manager at Nuna Baby Essentials, Inc., a premium brand and
manufacturer of baby products including car seats, strollers, and
baby seats. Prior to joining Nuna Baby, Mr. Gehr spent 16
years with Graco Children’s Products, where he served in roles of
increasing responsibility, including Research and Development
Project Designer, International Product Manager, Director of
Strategic Partnerships, culminating in the positions of Director of
Marketing - North America, Director of Marketing – Europe, and
Business Manager – Pennsylvania.
In connection with his employment, Mr. Gehr was
granted an option to purchase 50,000 shares of the Company’s common
stock, with an exercise price equal to the closing price of the
Company’s common stock on the date of grant, and 25,000 shares of
restricted stock. Subject to Mr. Gehr’s continued service with the
Company, his options and restricted stock award will vest in equal
annual installments over a four year period beginning on the first
anniversary of the date of grant. The Compensation Committee
of the Company’s Board of Directors granted these awards as an
inducement material to Mr. Gehr’s acceptance of employment in
accordance with NASDAQ Listing Rule 5635(c)(4).
About Summer Infant, Inc.Based
in Woonsocket, Rhode Island, the Company is a global leader of
premium infant and juvenile products for ages 0-3 years which are
sold principally to large North American and international
retailers. The Company currently sells proprietary products in a
number of different categories including nursery audio/video
monitors, safety gates, durable bath products, bed rails, nursery
products, strollers, booster and potty seats, swaddling blankets,
bouncers, travel accessories, highchairs, swings, and infant
feeding products. For more information about the Company, please
visit www.summerinfant.com.
Company Contact:
Chris Witty
Investor Relations
646-438-9385
cwitty@darrowir.com
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