Supplier News Breaks Archives
GE executive takes the helm at NBTY
December 7th, 2010
RONKONKOMA, N.Y. – NBTY Inc. has named Jeffrey Nagel as chief executive officer, succeeding Scott Rudolph, who will remain chairman.
The nutritional supplement manufacturer, marketer and distributor said Nagel assumed his new duties on Monday and will be based in Ronkonkoma, N.Y.
Nagel joins NBTY from General Electric Co., where he held senior leadership positions in several GE businesses addressing a variety of end markets, including oil and gas, consumer electronicals, technology and aviation. He most recently served as head of GE Oil & Gas Global Services and was based in Florence, Italy.
"We are pleased to have Jeff join NBTY at this exciting time in our history," Rudolph said in a statement. "Jeff is a world-class manager with a proven track record of success. We believe he will help take NBTY to the next level of growth and performance and further establish its position as a global market leader."
NBTY's roster of dietary supplement brands includes Nature's Bounty, Osteo Bi-Flex, Sundown, MET-Rx, Ester-C and Pure Protein.
Mr. Nagel said, “I am excited to become a part of the NBTY family. I have incredible respect for what Scott and his team have built over the last 40 years with leading market positions in each of its US Nutrition wholesale, direct and retail business units. As consumers increasingly focus on health and wellness, NBTY’s prospects are stronger than ever. I look forward to working with the leadership team and associate base to further build NBTY into the world’s pre-eminent vitamins, minerals and supplements business.”
In October, asset management firm The Carlyle Group completed its $4 billion acquisition of NBTY. The deal was announced in July.