Summer Infant Appoints New Chief Financial Officer
November 28 2018 - 9:00AM
Summer Infant, Inc. ("Summer Infant" or the "Company") (NASDAQ:
SUMR), a global leader in premium infant and juvenile products,
today announced that Paul Francese has been appointed as the
Company’s new Senior Vice President and CFO, effective immediately.
Mr. Francese replaces William Mote, who has resigned to pursue
other professional interests.
“Paul’s extensive experience in global
operations, manufacturing and profit enhancement – as well as his
knowledge of the Company and overall leadership skills – make him
an ideal member to rejoin our executive team at this stage of
growth,” said Mark Messner, President and CEO. “We welcome
Paul back to Summer Infant and look forward to executing on our
three-pronged strategy to achieve higher financial performance
through product innovation, brand differentiation, and enhanced
channel distribution.
“At the same time, on behalf of the Company I
would like to thank Bill Mote for his many years of service to
Summer Infant and wish him all the best in his future
endeavors.”
Due to this management change, the Company has
decided not to present at the upcoming LD Micro Conference
(December 4, 2018) previously announced.
Paul Francese BioMr. Francese
most recently served as Chief Financial Officer of Rain Carbon
Inc., a global chemical company, which he joined in 2015. From 2012
until 2014, Mr. Francese served as Summer Infant’s CFO and, prior
to that, spent eight years as the Chief Financial Officer of OCI
Enterprises. During the past 35 years, Mr. Francese has held
positions at various levels of increasing responsibility at
Cannondale Bicycle Corp., Pitney Bowes, FCI/Berg Electronics Group,
Huffy Corporation, Litton Industries, United Technologies, and
General Electric. He holds a BA from Rutgers University and an MBA
from the University of New Haven.
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.
Company Contact:Chris WittyInvestor
Relations646-438-9385cwitty@darrowir.com
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