Jacuzzi Brands, Inc. Names Bryan Kelln President of Jacuzzi Inc. Business Unit
Mr. Kelln, 38, will assume global leadership for the JACUZZI(R) branded companies which include Jacuzzi Whirlpool Bath in North America, the Jacuzzi Spa Division, Jacuzzi South America, Jacuzzi UK, and Jacuzzi Europe (JESPA). He will be based in the Dallas, Texas office.
Mr. Kelln joins Jacuzzi Brands, Inc. from The Jordan Company, a private investment firm with revenues in excess of $4.0 billion, where he was involved in acquisitions, divestitures and served as a board member of various portfolio companies. From 2000-2002, he served as President and Chief Executive Officer of Rockshox, Inc., a leading manufacturer of branded high-performance bicycle components. Prior to this, Mr. Kelln held executive positions of increasing responsibility within General Cable Corporation, including Senior Vice President & General Manager of Telecommunications & Power Cables, and Vice President, Supply Chain Management. Bryan began his career in consulting, and served as a Principal, Supply Chain Management Practice for Mercer Management Consulting.
Donald C. Devine, President and Chief Operating Officer of Jacuzzi Brands, Inc., commented, "Bryan brings a unique combination of financial, management and operating skills to his new position. He has a proven track record of building branded businesses, and designing and implementing operating processes that have produced distinguishable results. We believe his appointment should accelerate our efforts to expand our JACUZZI branded businesses through new product innovation, extension of the brand into new product categories and great customer service."
Mr. Kelln received his Bachelors degree, Summa Cum Laude, from Washington State University, and his MBA from the Ohio State University, Fisher College of Business.
The position of President of Jacuzzi, Inc. has been vacant since Mr. Devine's appointment as President and Chief Operating Officer of Jacuzzi Brands in April of 2003.
ABOUT JACUZZI BRANDS, INC.
Jacuzzi Brands, Inc. is a global manufacturer and distributor of branded bath and plumbing products for the residential, commercial and institutional markets. These include whirlpool baths, spas, showers, sanitary ware and bathtubs, as well as professional grade drainage, water control, commercial faucets and other plumbing products. We also manufacture premium vacuum cleaner systems. Our products are marketed under our portfolio of brand names, including JACUZZI(R), SUNDANCE(R), ELJER(R), ZURN(R), ASTRACAST(R) and RAINBOW(R). Learn more at www.jacuzzibrands.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including the Company's current expectations with respect to future market conditions, future operating results and other plans. Words such as "expects," "intends," "anticipates," "plans," "projects," "probably," "believes," "estimates," "may," "will," "should," "shall," and similar expressions typically identify such forward-looking statements. Even though the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. In particular, various economic and competitive factors, including those outside our control, such as interest rates, foreign currency exchange rates, inflation rates, instability in domestic and foreign financial markets, acts of war, terrorist acts, outbreaks of new diseases, consumer spending patterns, energy costs and availability, freight costs, availability of consumer and commercial credit, adverse weather, levels of residential and commercial construction, changes in raw material and component costs, and the credit worthiness of our customers, insurers, and investees, and other factors contained in the Company's filings with the Securities and Exchange Commission could cause our actual results in fiscal 2004 and in future years to differ materially from those expressed in this press release.
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