Crown Crafts Announces Retirement of NoJo Baby & Kids CEO Nanci Freeman and Appointment of Donna Sheridan as Successor
January 21 2019 - 6:45AM
Crown Crafts, Inc. (NASDAQ-CM: CRWS) (the “Company”) today
announced that Nanci Freeman, the President and Chief Executive
Officer of the Company’s subsidiary, NoJo Baby & Kids, Inc.
(“NoJo”), will be retiring on August 30, 2019. Ms. Freeman
has been promoted to serve until her retirement date as Executive
Chairperson of NoJo and Donna Sheridan has been named NoJo’s new
President and Chief Executive Officer.
Ms. Freeman has served as President and Chief
Executive Officer of NoJo since 1997. She began her career
with Red Calliope and Associates, which was acquired by the Company
in 1995. During her more than forty years of service, she
helped build NoJo into a leader in the infant and juvenile products
industry.
“It has been an honor to lead NoJo over the last
twenty years, and I am incredibly proud of the innovative products
we have created for consumers, as well as our retail and licensing
partners,” said Ms. Freeman. “I want to thank our outstanding
employees, customers and suppliers for their support and
commitment. NoJo has an exciting future ahead, with a strong
team and a solid foundation. I look forward to working
alongside my colleagues over the next several months to ensure a
smooth transition.”
“On behalf of the entire Crown Crafts team, I
want to thank Nanci for her contributions to NoJo and the Company,”
said E. Randall Chestnut, Chairman, President and Chief Executive
Officer of the Company. “Under Nanci’s leadership, NoJo has
evolved tremendously, while continuing to set the standard in
quality and value for our customers. We are deeply
appreciative of Nanci’s service and wish her the very best in her
retirement.”
“At the same time, I am thrilled to welcome
Donna Sheridan to Crown Crafts,” Chestnut continued. “In
Donna, we believe we have found the right business leader to
fulfill this critical role. Her proven expertise, strategic
vision and depth of experience in the infant and juvenile consumer
products industry will serve the Company and our stakeholders well.
I am confident she is the right person to lead NoJo to
continued success.”
Ms. Sheridan most recently served for more than
eight years as Senior Vice President of Lambs & Ivy, Inc., a
designer and manufacturer of bedding, accessories and gifts for
babies. Prior to that, she served for almost fifteen years in
senior leadership roles in merchandising, brand management and
sales with The Walt Disney Company.
“I am very excited to join NoJo and build on the
foundation that Nanci and her team have created,” said Ms.
Sheridan. “Although the retail environment and consumer
preferences have been rapidly changing, NoJo is well positioned
with its innovative products, reputation for quality and successful
track record of delivering value. There are many exciting
prospects for growth in this space, and I am thrilled to have the
opportunity to lead NoJo into the future.”
About Crown Crafts, Inc.
Crown Crafts, Inc. designs, markets and
distributes infant, toddler and juvenile consumer products, Crown
Crafts, Inc., founded in 1957, is one of America’s largest
producers of infant bedding, toddler bedding, bibs and
developmental toys. Crown Crafts, Inc. operates through its
three wholly owned subsidiaries, NoJo Baby & Kids, Inc., Sassy
Baby, Inc. and Carousel Designs, LLC. The Company’s
subsidiaries market a variety of infant, toddler and juvenile
products under Company-owned trademarks, as well as licensed
collections and exclusive private label programs. Sales are
made directly to retailers such as mass merchants, large chain
stores and juvenile specialty stores, as well as directly to
consumers through www.babybedding.com. For more information,
visit the Company’s website at www.crowncrafts.com.
Contact:
Olivia W. ElliottVice President and Chief Financial
Officer or Halliburton Investor
Relations(225) 647-9124
(972) 458-8000oelliott@crowncrafts.com
Crown Crafts (NASDAQ:CRWS)
Historical Stock Chart
From May 2024 to Jun 2024
Crown Crafts (NASDAQ:CRWS)
Historical Stock Chart
From Jun 2023 to Jun 2024