Central Garden & Pet Names George C. Roeth Chief Executive Officer
May 04 2016 - 7:00AM
Business Wire
Former Clorox Executive to Drive Next Phase of
Company’s Growth
John R. Ranelli to Retire from Company
Central Garden & Pet Company (NASDAQ:CENT) (NASDAQ:CENTA), a
leading innovator, marketer and producer of quality branded
products for the lawn and garden and pet supplies markets, today
announced that George C. Roeth will be named President and Chief
Executive Officer, effective June 1, 2016. Mr. Roeth is a Director
of the Company and a former Chief Operating Officer of The Clorox
Company. He succeeds John R. Ranelli, who will retire from his
positions as President and Chief Executive Officer, but will
continue to serve as a Senior Advisor to the Company and will
remain a member of the Company’s Board of Directors.
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George C. Roeth, new Central Garden &
Pet President & CEO (Photo: Business Wire)
Jack Balousek, Director and Interim Chairman, said, “Since
joining the Board last year, George has proven himself a capable
and insightful leader with a comprehensive understanding of the
consumer products industry. We feel very fortunate to have someone
of George’s caliber to lead Central through its next phase of
growth and believe he is ideally suited to work with management to
refine and implement the Company’s strategic growth plan. George’s
familiarity with Central and its leadership team will allow for a
smooth transition with consistent focus on delivering on the
Company’s commitments to its customers and consumers.”
Mr. Balousek continued, “On behalf of the Board, I want to thank
John for his extraordinary service to Central. He has been an
invaluable leader, and it’s through his hard work and dedication,
along with that of the entire team, that Central is now performing
at a high level and positioned to build on its momentum to realize
its long-term growth potential. While we congratulate John on his
well-earned retirement, we are thankful Central will continue to
benefit from his insights as an advisor to the company.”
Mr. Roeth said, “I have the privilege of taking the reins of a
company that is executing well, establishing a track record of
delivering on its commitments, and creating value for all of its
stakeholders. Central will continue to focus on delivering this
value through servicing its customers with excellence, expanding
its innovation output and success rate, and lowering costs to
reinvest in growth. I look forward to working alongside Central’s
leadership team across all of its businesses to execute on these
priorities, allowing the Company to capture near and long-term
growth opportunities.”
Mr. Ranelli said, “I cannot imagine a better time to execute our
succession plan. As I reach 70, we have delivered record
performance numbers, both operationally and financially, and put in
place a solid platform for future growth. In short, we have a
strategy and plan that is working, a management team executing
flawlessly, and a talented board member, who we know well, ready to
take Central to the next level. George is the right person to be
the next CEO given his experience with consumer products and brands
and his familiarity with Central. He understands our strategy and
culture and has developed a relationship with our management team.
I believe it will be a smooth transition, and look forward to
continuing to serve the Company in my new role and seeing Central
continue to thrive under George’s leadership.”
George Roeth Biography
Before serving on the board at Central Garden and Pet, George
Roeth was a 27-year veteran of The Clorox Company, where he held
various leadership positions of increasing responsibility and
delivered profitable growth in challenging and highly competitive
business environments. Most recently, from 2013 to 2014, Mr. Roeth
served as Chief Operating Officer of Lifestyle, Household and
Global Operating Functions , where he helped successfully lead the
execution of the Company's strategic plan and simultaneously drove
global sales, lowered costs and improved customer satisfaction.
Previously, Mr. Roeth served as Senior Vice President and General
Manager, during which time he was also Chairman of the Board for
the Clorox and Procter & Gamble Glad Products Joint Venture, a
unique partnership between two direct competitors. Prior to that,
Mr. Roeth served in several senior-level marketing and operations
roles at Clorox, including Vice President and General Manager, Vice
President of Growth and Marketing, and Vice President of Brand
Development, among others. Mr. Roeth holds a Master's in Business
Administration from Northwestern University's Kellogg School of
Management and a Bachelor of Science in Business Administration
from the University of California at Berkeley. Mr. Roeth currently
serves on the board of the East Oakland Youth Development
Foundation.
About Central Garden &
Pet
Central Garden & Pet Company is a leading innovator,
marketer and producer of quality branded products for the lawn
& garden and pet supplies markets. Committed to new product
innovation, our products are sold to specialty independent and mass
retailers. Participating categories in Lawn & Garden include:
Grass seed and the brands PENNINGTON®, and THE REBELS®; wild bird
feed and the brand PENNINGTON®; weed and insect control and the
brands AMDRO®, SEVIN®, IRONITE® and OVER-N-OUT®; and decorative
outdoor patio products under the PENNINGTON ® brand. We also
provide a host of other regional and application-specific garden
brands and supplies. Participating categories in Pet include:
Animal health and the brands ADAMS™ and ZODIAC®; aquatics and
reptile and the brands AQUEON®, CORALIFE® and ZILLA®; bird &
small animal and the brands KAYTEE®, Forti-Diet® and CRITTER
TRAIL®; dog & cat and the brands TFH™, NYLABONE®, FOUR PAWS®,
IMS™, CADET®, PINNACLE® and AVODERM®; and equine and the brands
FARNAM®, HORSE HEALTH™ and VITAFLEX®. We also provide a host of
other application-specific pet brands and supplies. Central Garden
& Pet Company is based in Walnut Creek, California, and has
approximately 3,700 employees, primarily in North America. For
additional information on Central Garden & Pet Company,
including access to the Company's SEC filings, please visit the
Company's website at www.central.com.
“Safe Harbor” Statement under the Private Securities Litigation
Reform Act of 1995: The statements contained in this release which
are not historical facts, including expectations for future growth,
are forward-looking statements that are subject to risks and
uncertainties that could cause actual results to differ materially
from those set forth in or implied by forward-looking statements.
All forward-looking statements are based upon the Company’s current
expectations and various assumptions. There are a number of risks
and uncertainties that could cause our actual results to differ
materially from the forward-looking statements contained in this
release including, but not limited to, the following factors:
- seasonality and fluctuations in the
Company’s operating results and cash flow;
- fluctuations in market prices for seeds
and grains and other raw materials and the Company’s ability to
pass through cost increases in a timely manner;
- adverse weather conditions;
- the impending retirement of our CEO,
the transition to his successor, our dependence upon our key
executives, and the ability to execute on our succession plan;
- dependence on a small number of
customers for a significant portion of our business;
- uncertainty about new product
innovations and marketing programs; and
- competition in our industries
These risks and others are described in the Company’s Securities
and Exchange Commission filings. The Company undertakes no
obligation to publicly update these forward-looking statements to
reflect new information, subsequent events or otherwise.
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Central Garden & Pet CompanySteve Zenker, 925-948-3657Vice
President, Investor Relations & Communications
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