GLEN
ALLEN, Va., Nov. 20,
2024 /PRNewswire/ -- Hamilton Beach Brands Holding
Company (NYSE: HBB) (the "Company") today announced that the Board
of Directors has increased the size of the Board from 11 directors
to 13 directors and appointed April L.
Lane and Bela S. Mehta to the
Board, effective immediately.
Alfred M. Rankin, Jr., Chairman
of the Board, said, "We are pleased to welcome two new independent
directors to the Board. These additions are part of our long-term
succession planning. April brings strong e-commerce, consumer
products and strategy experience. Bela brings deep financial,
operating and strategy expertise."
Ms. Lane has extensive experience leading large e-commerce
businesses. She joined Thrive Market as Chief Merchandising Officer
in April 2024. Previously, she was
with Hearst Corporation, where she served as Chief eCommerce
Officer. Prior to Hearst, she spent 12 years at Amazon in a variety
of leadership roles. Prior to Amazon, she held strategy roles at
Limited Brands and Nike after beginning her career at Boston
Consulting Group, where she specialized in retail. Ms. Lane
graduated from Northwestern University
with a B.A. in Sociology and Political Science.
Ms. Mehta is an experienced private equity partner who has been
Managing Partner at CITG Capital Partners since 2004. She has
served as President and Board Chairman of Little Switzerland, Inc.
since 2006. She began her career as an analyst with Fidelity
Capital. Ms. Mehta graduated from the University of Michigan with a B.B.A. in finance,
she received an MBA from the Wharton School at the University of Pennsylvania, and a graduate degree
from Harvard Graduate School of
Education.
About Hamilton Beach Brands Holding Company
Hamilton
Beach Brands Holding Company is 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, Clorox™ True HEPA air
purifiers, and Brita Hub™ 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 www.hamiltonbeachbrands.com.
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SOURCE Hamilton Beach Brands Holding Company
