Branded Consumer Products Veteran Sam Solomon Appointed Interim CEO
Board of Directors Forms Committee to Conduct CEO Search
LANCASTER, Ohio, Feb. 25, 2014 (GLOBE NEWSWIRE) -- EveryWare Global, Inc. (Nasdaq:EVRY) announced today that its Board of Directors has appointed Sam Solomon to serve as interim Chief Executive Officer, effective immediately. Mr. Solomon is succeeding John Sheppard, who left the Company effective February 24, 2014.
Mr. Solomon joins EveryWare with more than 20 years of leadership experience in branded consumer, multi-channel businesses including Sears, The Coleman Company, and Procter and Gamble. Most recently, he served as President of the Sears/Kmart Tools, Hardware and Paint business where he was responsible for the iconic Craftsman brand. Prior to Sears, Mr. Solomon served as President and CEO of The Coleman Company, a division of Jarden Corp., the global consumer products company, for seven years. At Coleman, Mr. Solomon led the company to double-digit sales and profit growth through innovative marketing, effective sales strategies, operational excellence, and aggressive international expansion.
Commenting on Mr. Solomon's appointment, Daniel Collin, Chairman of the Board of Directors at EveryWare, said, "Sam is an accomplished executive with a clear understanding of strategy, finance and operations in the branded consumer product industry. We are confident that he brings the right management skills and leadership to ensure the Company continues to execute its business strategy, including securing new customer wins in underserved channels, expanding the international and specialty segments, and identifying cross-selling opportunities in the foodservice segment. We look forward to working with Sam as EveryWare continues to grow and innovate. In addition, on behalf of the Board, I would like to thank John for his contributions and wish him the best in his future endeavors."
The Board of Directors has formed a search committee to evaluate candidates to serve as the Company's permanent CEO and has engaged leading executive search firm, Korn Ferry, to assist in the process. Mr. Solomon is a candidate in the search for a permanent EveryWare CEO.
Mr. Solomon added, "I am excited about EveryWare's opportunity to build on its established and compelling business model. The Company has extensive avenues for growth that can be achieved by leveraging two of the most recognized brands in the tabletop industry, strong customer relationships and continued product innovation. I look forward to working with EveryWare's customers, suppliers and team members."
Forward Looking Statements
The Company makes forward-looking statements in this press release. These forward-looking statements relate to expectations for future financial performance, business strategies or expectations for our business. Specifically, forward-looking statements may include statements relating to the Company's execution of its business strategies, the Company's expectations for growth and innovation and other statements preceded by, followed by or that include the words "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "target" or similar expressions.
These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing the Company's views as of any subsequent date, and the Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
As a result of a number of known and unknown risks and uncertainties, our actual results or performance may be materially different from those expressed or implied by these forward-looking statements. For a description of the factors that may impact our actual results or performance, see the Quarterly Report on Form 10-Q for the quarter ended June 30, 2013 filed with the Securities and Exchange Commission.
About EveryWare Global, Inc.
EveryWare Global, Inc. (Nasdaq:EVRY) is a leading global marketer of tabletop and food preparation products for the consumer and foodservice markets, with operations in the United States, Canada, Mexico, Latin America, Europe and Asia. Its global platform allows the Company to market and distribute internationally its total portfolio of products, including bakeware, beverageware, serveware, storageware, flatware, dinnerware, crystal, buffetware and hollowware; premium spirit bottles; cookware; gadgets; candle and floral glass containers; and other kitchen products, all under a broad collection of widely-recognized brands. Driven by design and innovation, EveryWare Global, Inc. is recognized for providing quality tabletop and kitchen solutions through its consumer, foodservice, specialty and international channels. EveryWare Global, Inc. was formed through the merger of Anchor Hocking, LLC and Oneida Ltd. in March of 2012.