Supplier News Breaks Archives
Prestige Brands names new CFO
December 3rd, 2010
IRVINGTON, N.Y. – Ron Lombardi has been appointed chief financial officer of over-the-counter health and household products marketer Prestige Brands Holdings Inc.
Prestige Brands said late Thursday that Lombardi will take over the CFO post on Dec. 6. He succeeds Pete Anderson, who is retiring after 10 years at the company.
"I am excited to be part of the Prestige team," Lombardi said in a statement. "I intend to continue to support and contribute to the great momentum created by the company and look forward to fulfilling Prestige's long-term goal: to become a leading marketer of consumer over-the-counter health care products."
Most recently, Lombardi served as CFO for Waterbury International Holdings, a private equity-owned firm in which he was responsible for all financial and business development activities, leading to the successful sale of the company, according to Prestige Brands.
Prior to that, he was with Cannondale Sports Group/Dorel Recreation and Leisure for five years in positions of increasing financial responsibility, beginning as CFO and then as chief operating officer. His background also includes leadership positions in finance at Gerber Scientific and Emerson Electric.
"Ron is a results-oriented financial professional whose extensive background in business development, acquisitions and divestitures, and debt and equity structuring will serve Prestige well as we move into our next phase of growth following our recent acquisition of Blacksmith Brands," stated Matthew Mannelly, president and CEO for Prestige Brands.
Mannelly also commented on Anderson's retirement. "Pete has made many significant contributions to Prestige over the past decade and has been a steady force and a key member of our leadership team," Mannelly said in a statement. "He led the successful refinancing of the company earlier this year and directed all financial activities associated with our recent acquisition. Pete's financial guidance has enabled us to reach this transformational point in our history, and I want to thank him for his hard work, dedication and business skills which have been invaluable to Prestige Brands."
Prestige Brands' product portfolio includes such names as Chloraseptic sore throat remedies, Clear Eyes eye care products, Compound W wart removal treatments, The Doctor's NightGuard dental protector, Little Remedies and PediaCare children's remedies, Efferdent and Effergrip denture care products, Luden's cough drops and NasalCrom allergy treatment.