March 21/Purchase, N.Y./Business Wire -- Nutrition 21 Inc. announced that Paul Intlekofer has resigned as chief executive officer and as a director of the company. Gerard Butler and Michael Fink have been elected to serve as interim co-chief executive officers.

Both Butler and Fink were executives at Prestige Brands Holdings Inc., a marketer and distributor of brand name over-the-counter healthcare, personal care and household cleaning products sold throughout the U.S., Canada, and in certain international markets. They previously worked for Block Drug Company. They have extensive experience in the consumer and nutraceutical industry.

John Gutfreund, the company's chairman of the board, said, "We thank Paul for the many years of service that he has given to the company, and appreciate his desire to work in the vicinity of his home in Baltimore, Maryland. He will serve as a consultant to the company."

Paul Intlekofer said, "I have enjoyed working with the company and its employees, and I look forward to helping the company continue its progress under its new leadership."

From the March 31, 2008, Prepared Foods e-Flash