Schiff Nutrition International, Inc. (NYSE:WNI) announced that it has
appointed Jon Fieldman to the position of Senior Vice President –
Operations, effective May 10, 2011. Schiff also announced the retirement
of Thomas H. Elitharp, Executive Vice President – Operations and Support
Services. Fieldman will assume Elitharp’s primary responsibilities upon
his retirement.
“We are extremely pleased to have Jon join our team as the next SVP –
Operations,” stated Tarang Amin, president and chief executive officer
of Schiff Nutrition. “Jon is a proven leader who has driven growth and
operational excellence at Fortune 500 consumer product companies,
including Clorox and General Mills. His wide range of experience spans
the global supply chain from procurement through fulfillment. Jon will
be a key player as we execute on opportunities to grow the Schiff brand
by expanding our channel, product, and geographic presence. We also want
to thank Tom for his significant contributions to the success of Schiff
during his 13 years of service to the company, which included the
expansion of our high quality, state of the art manufacturing facility
in Salt Lake City.”
“Schiff has strong brands and is well positioned to move to a new phase
of growth,” said Jon Fieldman. “I am delighted to join the company at
this exciting time and look forward to leveraging my extensive consumer
product experience to help Schiff continue to build a world-class
nutritional supplements company.”
Fieldman, 41, brings 20 years of consumer products operations experience
to Schiff and has held positions in a range of operating companies from
food to specialty consumer product businesses. Most recently he served
as Vice President – Specialty Supply Chain for the Clorox Company. In
this role, he was responsible for $2.5 billion of business and
established a track record of achieving quality and innovation while
driving low cost performance. He also served in senior roles in
manufacturing and supply chain planning. Prior to joining Clorox,
Fieldman worked for General Mills for eight years where he held a
variety of plant manufacturing positions. Fieldman holds a bachelor’s
degree with honors in Industrial Engineering and Engineering Management
from Stanford University.
About Schiff Nutrition
Schiff Nutrition International, Inc. develops, manufactures, markets and
distributes branded and private label vitamins, nutritional supplements
and nutrition bars in the United States and throughout the world.
Schiff’s portfolio of well-known brands includes Move Free®,
Schiff® Vitamins, MegaRed®, Mega-D3™, Tiger's Milk®
and Fi-Bar®. To learn more about Schiff, please visit the web
site www.schiffnutrition.com.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934 that are based on management’s
beliefs and assumptions, current expectations, estimates, and
projections. These statements are subject to known and unknown risks and
uncertainties, certain of which are beyond the company’s ability to
control or predict, and therefore, actual results may differ materially.
Any forward-looking statements are made pursuant to the Private
Securities Litigation Reform Act of 1995 and, as such, speak only as of
the date hereof. Schiff Nutrition disclaims any obligation to update any
forward-looking statements whether as a result of new information,
future events or otherwise. You are cautioned not to place undue
reliance on these forward-looking statements.
Important factors that may cause actual results of Schiff Nutrition to
differ materially from those expressed or implied by such
forward-looking statements include, but are not limited to: dependence
on sales of our Move Free product and the joint care category,
dependence on individual customers, adverse publicity or consumer
perception regarding our nutritional supplements and/or their
ingredients, similar products distributed by other companies or the
nutritional supplement industry generally, the impact of competitive
products and pricing pressure (including expansion of private label
products), the inability to successfully bid on new and existing private
label business, the impact of raw material pricing, availability and
quality (particularly relating to joint care products and ingredients
from third-party suppliers outside the United States, including China),
claims that our products infringe the intellectual property rights of
others, the inability to enforce or protect our intellectual property
rights and proprietary techniques against infringement, the inability to
successfully launch and maintain sales (especially in the joint care and
omega-3 categories) outside of the United States while maintaining the
integrity of the products sold and complying with local regulations, the
inability to appropriately respond to changing consumer preferences and
demand for new products, the inability to gain or maintain market
distribution for new products or product enhancements, litigation and
government or administrative regulatory action in the United States and
internationally, including FDA enforcement and product liability claims,
the inability or increased cost to obtain sufficient levels of product
liability and general insurance, the inability to comply with existing
or new regulations, both in the United States and abroad, and adverse
actions regarding product formulation, claims or advertising, product
recalls or a significant amount of product returns, dependence on a
single manufacturing facility and potential disruptions of our
manufacturing operations, the inability to find strategic transaction
opportunities or the inability to successfully consummate or integrate a
strategic transaction, the inability to maintain or attract key
personnel, interruptions to our information technology systems, control
by our principal stockholders, and other factors indicated from time to
time in the company’s SEC reports, copies of which are available upon
request from the company’s investor relations department or may be
obtained at the SEC's web site (www.sec.gov).
These risks and uncertainties should be carefully considered before
making an investment decision with respect to shares of our common stock.
