Nutrition 21 Names CEO
Zeher comes to Nutrition 21 with a distinguished record of consumer product success spanning more than 35 years in the health and personal care sectors. He most recently served as president and chief executive officer of Nutritional Laboratories International Inc., recognized by Dun & Bradstreet and Entrepreneur Magazine as one of the fastest growing privately held companies in the U.S. Prior to joining Nutritional Labs, Zeher was president and chief operating officer of Pharmaceutical Formulations Inc., a publicly traded contract manufacturer of over 100 different types of solid-dose branded and private label over-the-counter pharmaceutical products. He also led the integration and growth of the company's branded division platform, Konsyl Inc., a premium marketer of OTC and nutraceutical products in the digestive health category. He has also served as president and chief executive officer of Lander Co. Inc., a privately-held global manufacturer and marketer of personal care products. Earlier in his career Zeher held various management positions of increasing responsibility at industry leaders such as Johnson & Johnson and Marion Merrill Dow. Zeher is a graduate of Old Dominion University with a Bachelor of Arts degree in Business Administration.
"I am delighted to join the team at Nutrition 21," said Zeher. "I believe this company is uniquely positioned to grow into a thriving and profitable business providing products to support active, healthy lives and improved cognitive function. Nutrition 21 has a history of developing efficacious products by effectively combining research, biotechnology, and strategic marketing partnerships. We will look to leverage that tradition with a strong corporate structure, financial discipline, a vision dedicated to taking this company to the next level of its development, and in creating sustainable shareholder value."
"Nutrition 21 is indeed fortunate to introduce Mike Zeher as its new president and chief executive officer," said John Gutfreund, chairman of the board of directors of Nutrition 21 Inc. "Mike's extensive experience in the nutritional supplement industry will enable him to set a clear course for the Company in the future. Mike also knows well how to manage and motivate a small, entrepreneurial organization to get the maximum value out of every employee. Under his leadership, the board fully expects that the company will enjoy renewed growth, both in revenues and in profits."
Peter Mann, a member of Nutrition 21's board of directors added, "I would like to take this opportunity to publicly thank Mike Fink and Gerry Butler for the exceptional job they have done as interim co-CEOs. Mike and Gerry arrived on the job in late March 2008 and immediately set the company on a new and exciting path. Under their leadership, Nutrition 21 is now focused on delivering positive EBITDA while continuing to grow top-line revenues in its key business segments. We are all deeply grateful for their contributions. Mike and Gerry will continue as executive officers in their new positions as co-COOs and will work closely with Mike Zeher in his new position as president and CEO. I am also delighted that Mike Zeher is joining NXXI. I have known Mike for many years, and he is an individual with exceptional values and uniquely strong character."
From the July 21, 2008, Prepared Foods e-Flash