GLEN
ALLEN, Va., Feb. 22,
2024 /PRNewswire/ -- The Board of Directors of
Hamilton Beach Brands Holding Company (the "Company) (NYSE: HBB)
announced today that R. Scott Tidey,
Senior Vice President-Global Sales of the Company's wholly owned
subsidiary, Hamilton Beach Brands, Inc. ("Hamilton Beach Brands"),
has been appointed President of the Company, effective immediately.
Gregory H. Trepp, who previously
served as President and Chief Executive Officer of the Company,
will continue to serve as Chief Executive Officer of the
Company.
"Scott's appointment as President of our Company is part of a
long-standing succession plan. It has been my pleasure to work with
Scott for nearly 30 years, as he has grown in roles of increasing
responsibility in sales and marketing. Scott is an incredibly
effective member of our executive leadership team and has helped us
navigate through some of the most challenging and exciting times in
our Company's history. He has been instrumental in the successful
execution of our strategic initiatives to expand, diversify and
grow our business. I look forward to working with Scott on a smooth
transition as he assumes this new role," said Mr. Trepp.
Mr. Tidey said, "I am honored to be appointed President of our
Company. I look forward to working with our outstanding global team
to build on the successes we have achieved. Our Company has many
strengths that we will continue to leverage, including our Good
Thinking culture, our leadership in the small kitchen appliance
industry, our portfolio of leading trusted brands, our proven
customer-driven innovation capabilities, and our retailer
relationships. I am confident that we are well
positioned in our continuing efforts to build long-term shareholder
value."
Mr. Tidey most previously served as the Senior Vice
President, Global Sales of Hamilton Beach Brands since
January 2023. Before that, he served
as Senior Vice President, Consumer Sales & Marketing of
Hamilton Beach Brands from March
2021 to January 2023, and as
Senior Vice President, North America Sales and Marketing of
Hamilton Beach Brands, from 2010 to March
2021. Prior to joining Hamilton Beach Brands in 1993,
Mr. Tidey worked in sales at Wyeth Consumer Healthcare. He received
a Bachelor of Science in Business Management from the Virginia Polytechnic Institute and State
University.
Mr. Trepp was appointed to his current position and elected to
the Company's Board of Directors in 2017 when the Company was spun
off from NACCO Industries, Inc. He has served as President and
Chief Executive Officer of Hamilton Beach Brands since 2010 and had
previously served as Chief Executive Officer of The Kitchen
Collection, LLC from 2010 to April
2020. Mr. Trepp received a Bachelor of Science in Business
Administration from the University of
Richmond and a Masters of Business Administration from the
University of Connecticut.
About Hamilton Beach Brands Holding Company
Hamilton
Beach Brands Holding Company operates through its wholly owned
subsidiary Hamilton Beach Brands, Inc., a leading designer,
marketer, and distributor of a wide range of branded small electric
household and specialty housewares appliances, as well as
commercial products for restaurants, fast food chains, bars, and
hotels. The Company's owned consumer brands include Hamilton
Beach®, Proctor Silex®, Hamilton Beach
Professional®, Weston®, and TrueAir®.
The Company's owned commercial brands include Hamilton Beach
Commercial® and Proctor Silex Commercial®.
Hamilton Beach Brands licenses the brands for Wolf
Gourmet® countertop appliances, CHI® premium
garment care products, CloroxTM True HEPA air purifiers,
and Brita HubTM countertop electric water filtration
appliances. Hamilton Beach Brands has exclusive multiyear
agreements to design, sell, market, and distribute
Bartesian® premium cocktail delivery machines, and
specialty appliances to create Numilk® non-dairy fresh
milk on demand. The Company's Hamilton Beach Health®
subsidiary is focused on expanding the Company's participation in
the home medical market. In February
2024, Hamilton Beach Health® acquired
HealthBeacon PLC, a medical technology firm that specializes in
developing connected devices. For more information about Hamilton
Beach Brands Holding Company, visit hamiltonbeachbrands.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/hamilton-beach-brands-holding-company-announces-appointment-of-r-scott-tidey-as-president-302068062.html
SOURCE Hamilton Beach Brands Holding Company
