Summer Infant Hires Industry Veteran Kory Pomon as Vice President, International Sales
December 12 2017 - 8:00AM
Summer Infant, Inc.(USA) (NASDAQ:SUMR), a global leader in infant
and juvenile products, announced today that, effective immediately,
Kory Pomon will assume the position of Vice President,
International Sales, to drive growth across the Company’s key
overseas markets. He will be responsible for all international
sales and business development activity outside North America
across Summer’s entire brand portfolio, including Summer Infant,
SwaddleMe and Born Free. With extensive experience incentivizing
sales teams, managing distribution channels, overseeing systems
implementation, and partnering with major customers on business
planning initiatives, Pomon has the requisite skills to expand the
Company’s position in China, Europe, South America, and elsewhere.
“Kory brings a great track record of brand
development and international sales and marketing success to
support our global growth strategy,” said Mark Messner, CEO. “I’ve
known Kory for years – from our time together at Graco – and am
truly excited to have him join the Summer Infant team. His addition
will bolster our overseas expansion initiatives in markets where we
see large, untapped potential to increase the Company’s top line
and improve operating results. This is another step to accelerate
our growth profile going forward.”
Mr. Pomon brings 25-plus years of experience in
roles of progressively increasing responsibility within the
juvenile product industry. He spent over 20 years at Newell Brands
(NYSE: NWL) and its subsidiaries and most recently worked as Vice
President of Global Sales for Nuna International BV, where he
oversaw the rapid growth of revenue across multiple markets.
About Summer Infant, Inc.Based
in Woonsocket, Rhode Island, the Company is a global leader of
premium infant and juvenile products 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.
Forward-Looking
StatementsCertain statements in this release that are not
historical fact may be deemed “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, and the Company
intends that such forward-looking statements be subject to the safe
harbor created thereby. These statements are accompanied by
words such as “anticipate,” “expect,” “project,” “will,”
“believes,” “estimate” and similar expressions, and include
statements regarding the Company’s expectations regarding fourth
quarter 2017 shipments, orders and product rollouts, the impact of
the TRU bankruptcy on its business with Babies R Us in the fourth
quarter 2017and into 2018, anticipated future growth and operating
performance, and the impact of its brand strategy for 2017 and
beyond. The Company cautions that these statements are qualified by
important factors that could cause actual results to differ
materially from those reflected by such forward-looking
statements. Such factors include the concentration of the
Company’s business with retail customers; the ability of the
Company to compete in its industry; the Company’s ability to
continue to control costs and expenses, including legal expenses;
the Company’s dependence on key personnel; the Company’s reliance
on foreign suppliers; the Company’s ability to develop, market and
launch new products; the Company’s ability to grow sales with
existing and new customers and in new channels; the Company’s
ability to meet required financial covenants under its loan
agreements; and other risks as detailed in the Company’s Annual
Report on Form 10-K for the fiscal year ended December 31, 2016,
and subsequent filings with the Securities and Exchange
Commission. The Company assumes no obligation to update the
information contained in this release.
Company Contact:Chris WittyInvestor
Relations646-438-9385cwitty@darrowir.com
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