Natrol Continues to Strengthen Senior Executive Team: Craig Cameron Appointed New Chief Operating Officer
March 14 2006 - 4:00PM
Business Wire
Natrol, Inc. (NASDAQ:NTOL), a premier manufacturer and distributor
of nationally branded nutritional products, today announced the
appointment of Craig Cameron as the Company's new Chief Operating
Officer effective April 1, 2006. Mr. Cameron joins the executive
management team led by President and Chief Executive Officer, Wayne
Bos. "As we carefully consider our path to expansion, we must
strengthen our management capabilities. Craig is an outstanding
businessman, and a valuable addition to the executive team," stated
Wayne Bos, President and Chief Executive Officer. "His senior
management experience is exemplary. Craig has a successful track
record in growing businesses--from start-up companies to blue chip,
multinational corporations." Bos added, "At Natrol, he will develop
systems and disciplines to ensure achievement of our growth plans.
I am delighted to welcome Craig to the Company." Mr. Cameron's
professional background includes 23 years of international
executive management experience in sales, marketing, strategy,
operations, and R&D. During his 16-year career with NCR
Corporation, he served as senior managing director in Japan,
managing director of New Zealand, director of marketing in Canada,
and head of corporate strategy in the United States. More recently,
Mr. Cameron served as head of strategy and marketing for Telstra
Corporation (Australia's largest telecommunications company). He
subsequently became Chief Executive Officer of Advantra, a $300MM
joint venture company of IBM, Lend Lease and Telstra. "I'm excited
to join Natrol and work with the executive team at this pivotal
time of change. Natrol has a solid operating base and
infrastructure that can be enhanced and leveraged for growth. I'm
confident that careful planning and diligent execution will lead to
great success for our business." Mr. Cameron holds a Bachelor's
Degree in Civil Engineering from the University of Queensland,
Australia. He also is a graduate of the Wharton Business School
Executive Development Program, and the INSEAD Executive Development
Program (Singapore). About Natrol Founded in 1980, Natrol, Inc.
(NASDAQ:NTOL) is a diversified nutrition company that manufactures
and markets premium-branded nutritional products, functional teas
and sports fitness products under the Natrol(R), Laci Le Beau(R)
Tea and Prolab(R) Sports Nutrition labels. Natrol markets more than
200 nutritional products designed to meet a wide range of consumer
needs. The products are available at more than 50,000 food, drug,
mass market and independent health food stores, catalogs and
Internet sites, gyms and specialty stores nationally and in select
foreign countries. For more information, visit www.natrol.com. The
statements made in this press release which are not historical
facts including statements regarding expectations for future growth
of revenue and profits and trends concerning net sales, are forward
looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. As a result of a
number of factors, the Company's actual results could differ
materially from those set forth in the forward looking statements.
Certain factors that might cause Natrol's actual results to differ
materially from those set forth in the forward looking statements
include adverse trends in the dietary supplements industry, intense
competition, adverse effects of unfavorable publicity regarding
particular products or the Company's industry generally, the
Company's dependence on the introduction of successful new
products, the Company's ability to gain market share and shelf
space in each of its distribution channels, the Company
experiencing high rates of product returns, and adverse government
regulation, as well as those factors set forth under the heading
"Risk Factors" in the Company's Annual Report on Form 10-K for the
year ended December 31, 2004 and in the Company's other filings
with Securities and Exchange Commission.
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