Kid Brands Appoints Jodie Simon Friedman as Vice President, General Counsel and Corporate Secretary
August 15 2013 - 7:35AM
Marketwired
Kid Brands, Inc. (NYSE: KID) today announced that the Company has
appointed Jodie Simon Friedman as Vice President, General Counsel
and Corporate Secretary, effective as of August 14, 2013. Marc
Goldfarb resigned his position as General Counsel and Corporate
Secretary to pursue other opportunities. At the Company's request,
Mr. Goldfarb has agreed to remain available to the Company as a
consultant providing legal services.
Ms. Friedman is a seasoned executive with nearly 25 years of
experience providing corporate legal counsel. She has a proven
track record at global corporations in industries spanning flavor
and fragrance products, pharmaceuticals and consumer products. Ms.
Friedman most recently served as Vice President, Deputy General
Counsel and Assistant Secretary at International Flavors &
Fragrances Inc. In this position, Ms. Friedman provided counsel to
executive management and business functions regarding corporate
governance and SEC rules, major transactions, commercial
agreements, executive compensation, employment law, regulatory
matters and compliance. Previously, Ms. Friedman served in roles of
increasing responsibility at Warner-Lambert Company, rising to the
position of Assistant General Counsel of Pharmaceuticals for Europe
and Latin America, where she served as a senior business lawyer
with an emphasis on international joint venture and business
advisory work. She began her career at Coudert Brothers as a member
of the mergers and acquisitions and securities practice teams. Ms.
Friedman earned her juris doctorate from the Columbia University
School of Law and her bachelor's degree from Brown University. She
is a member of the New York State Bar.
Raphael Benaroya, President and CEO, commented, "I join with
Kerry Carr, our Chief Operating Officer and Chief Financial
Officer, in welcoming Jodie to our Executive Team. Jodie is an
experienced corporate lawyer and a business professional who has
extensive experience providing counsel on a broad range of
corporate legal matters in areas relevant to our business,
including foreign trade, commercial and financial agreements and
compliance. We are confident that her unique skill set will be a
valuable asset as we move forward in executing our business
strategy."
Ms. Friedman commented, "I am very excited to join Kid Brands as
the Company works to progress on its key objectives designed to
transform and improve the business. I look forward to working with
such a highly energized and talented leadership team, and to help
contribute productively to the Company's growth agenda."
Referring to Mr. Goldfarb's resignation, Mr. Benaroya commented,
"Marc is a highly capable executive and professional lawyer who has
been a great asset to Kid Brands, having provided valuable counsel
to the Board and to management over the past eight years. He
skillfully led the Company through a number of complex legal
matters, while also supporting us as the Company instituted a
tremendous amount of change and restructuring activities. On behalf
of the Board of Directors and everyone at Kid Brands, I thank Marc
for his contributions and dedication to the Company and its
shareholders during his years of service, and wish him well in his
future pursuits. We also look forward to working with Marc as he
continues to provide legal services to the Company."
Mr. Goldfarb stated, "I have enjoyed immensely my eight years
working with Kid Brands and am grateful to have had the opportunity
to work with the Company's many talented professionals. Kid Brands
continues to work diligently on the initiatives the team has been
implementing to transform the business."
Kid Brands, Inc.
Kid Brands, Inc. and its subsidiaries are leaders in the design,
development and distribution of infant and juvenile branded
products. Its design-led products are primarily distributed through
mass market, baby super stores, specialty, food, drug, independent
and ecommerce retailers worldwide.
The Company's current operating subsidiaries consist of: Kids
Line, LLC; LaJobi, Inc.; Sassy, Inc.; and CoCaLo, Inc. Through
these wholly-owned subsidiaries, the Company designs, manufactures
(through third parties) and markets branded infant and juvenile
products in a number of complementary categories including, among
others: infant bedding and related nursery accessories and décor
and nursery appliances (Kids Line® and CoCaLo®); nursery furniture
and related products (LaJobi®); and developmental toys and feeding,
bath and baby care items with features that address the various
stages of an infant's early years, including the Kokopax® line of
baby gear products (Sassy®). In addition to the Company's branded
products, the Company also markets certain categories of products
under various licenses, including Carter's®, Disney®, Graco® and
Serta®. Additional information about the Company is available at
www.kidbrandsinc.com.
Note: This press release contains certain forward-looking
statements. Additional written and oral forward-looking statements
may be made by the Company from time to time in Securities and
Exchange Commission (SEC) filings and otherwise. The Private
Securities Litigation Reform Act of 1995 provides a safe-harbor for
forward-looking statements. These statements may be identified by
the use of forward-looking words or phrases, including, but not
limited to, "believe", "plan", "anticipate", "may", "potential",
"should", "will", "would", "could", "might", "possible",
"contemplate", "continue", "expect", "intend", and/or "seek". The
Company cautions readers that results predicted by forward-looking
statements, including, without limitation, those relating to our
future business prospects, revenues, working capital, liquidity,
capital needs, interest costs and income are subject to certain
risks and uncertainties that could cause actual results to differ
materially from those indicated in the forward-looking statements.
Specific risks and uncertainties include, but are not limited to,
those set forth under Part I, Item 1A, Risk Factors, of the
Company's most recent Annual Report on Form 10-K and any subsequent
Quarterly Reports on Form 10-Q, each as filed with the SEC.
Forward-looking statements speak only as of the date the statements
are made. Except as required under the federal securities laws and
rules and regulations of the SEC, the Company undertakes no
obligation to publicly update any forward-looking statement,
whether as a result of new information, future events or
otherwise.
CONTACT: FTI CONSULTING Jennifer Milan/Daniel Haykin
212-850-5600
Kid Brands (CE) (USOTC:KIDBQ)
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