This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Prestige Brands Holdings, Inc. Announces Changes to Its Board of Directors 2009-10-27 06:30 ET - News Release
IRVINGTON, N.Y. -- (Business Wire)
Prestige Brands Holdings, Inc. (NYSE-PBH) today announced the
resignations of two members of its board of directors, Peter C. Mann and
Vincent J. Hemmer.
Mr. Mann, the retired Chairman and CEO of Prestige Brands and a founder
of the Company, is stepping down to pursue a new business opportunity.
Mr. Hemmer of GTCR Golder Rauner LLC, a private equity owner of the
Company’s stock, is stepping down following that company’s significant
reduction in holdings in Prestige Brands.
In making the announcement, Matthew Mannelly, President and CEO
commented, “The Company has benefited greatly from the leadership and
counsel of both Peter and Vince. Peter has been the driving force behind
the development of the Company from a privately held organization to the
successful public company it is today. Vince has been a key member of
the board that was responsible for the public offering in 2005. In
addition, he brought broad-based business experience and financial
acumen from his strong private equity background. We thank both
gentlemen for their outstanding service to the Company and wish them
well in their future endeavors.”
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