RONKONKOMA, N.Y., Aug. 19, 2014 /PRNewswire/ -- NBTY, Inc., a
global manufacturer, marketer, distributor and retailer of vitamins
and nutritional supplements, today named Steven Cahillane Chief Executive Officer. A
25-year consumer goods industry veteran, Mr. Cahillane comes to
NBTY from Coca-Cola, where he led the successful integration of
Coca‐Cola Enterprises' North American bottling operation and drove
significant market share gains as President of Coca-Cola
Americas. Mr. Cahillane, who succeeds Jeff Nagel, begins his new role on September
8th. NBTY is a portfolio company of The Carlyle Group.
"Steve has an exceptional track record of building brands and
delivering shareholder value in consumer goods industries," said
Sandra Horbach, Chairman of the
Board of NBTY and Head of The Carlyle Group's consumer-retail
team. "Steve is an experienced and thoughtful executive who
will lead NBTY to the next level of market penetration and
financial success."
Mr. Cahillane said, "NBTY has a great team, an array of strong
products and significant growth potential. They are the market
leader in a dynamic and important industry, and I am excited to
build upon NBTY's reputation for quality, innovation and
exceptional service."
"We appreciate the job that CEO Jeff
Nagel has accomplished in positioning NBTY well for the
future, and we wish him the best as he transitions to a new career
opportunity," said Ms. Horbach.
"I wish Steve much success in his new role," said Jeff Nagel. "I am grateful for my four
years working with outstanding NBTY Associates and Carlyle's highly collaborative and talented
professionals, and I look forward to new challenges and
opportunities."
Prior to becoming President of Coca-Cola Americas in 2013, Mr.
Cahillane was President and CEO of Coca-Cola Refreshments and
President of Coca‐Cola Enterprises for North America and Europe. Before joining Coca-Cola in 2007, Mr.
Cahillane held several senior roles at InBev (now AB Inbev),
including Chief Commercial Officer, CEO of Interbrew U.K. and CEO
of Labatt USA. Mr. Cahillane
previously held positions with Coors Distributing Company, State
Street Brewing Company and E&J Gallo Winery.
Mr. Cahillane, 49, earned his BA from Northwestern University and his MBA from
Harvard University. He serves on
several corporate and philanthropic boards and is an avid marathon
runner.
About NBTY
NBTY has enriched the lives of consumers
around the world by introducing innovative products and solutions
to the health and wellness marketplace for more than 40 years. Our
ongoing mission to deliver the highest quality nutritional
supplements and wellness products has resulted in an extensive
portfolio of well-known and trusted brands, including Nature's
Bounty®, Sundown Naturals®, Osteo Bi-Flex®, Solgar ®, Balance Bar®,
MET-Rx®, Pure Protein®, Body Fortress®, Puritan's Pride®, Vitamin
World®, Holland & Barrett®, De
Tuinen® and many others. As a leading global manufacturer,
marketer, distributor and retailer of more than 20,000 vitamins and
nutritional supplements, NBTY is committed to supporting wellness
by creating products that consumers want and making them easily
available anywhere they shop. Learn more about our wellness vision
and industry-leading products at www.nbty.com
About The Carlyle Group
The Carlyle Group (NASDAQ: CG)
is a global alternative asset manager with $203 billion of assets under management across
126 funds and 139 fund of funds vehicles as of June 30, 2014. Carlyle's purpose is to invest wisely and
create value on behalf of its investors, many of whom are public
pensions. Carlyle invests across
four segments – Corporate Private Equity, Real Assets, Global
Market Strategies and Solutions – in Africa, Asia,
Australia, Europe, the Middle
East, North America and
South America. Carlyle has expertise in various industries,
including: aerospace, defense & government services, consumer
& retail, energy, financial services, healthcare, industrial,
real estate, technology & business services, telecommunications
& media and transportation. The Carlyle Group employs more than
1,600 people in 40 offices across six continents.
Web: www.carlyle.com
Videos:
http://www.carlyle.com/news-room/corporate-videos_new
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary
Contact:
NBTY:
Andrea Staub: +1 (631) 200-7459
andreastaub@nbty.com
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SOURCE NBTY, Inc.