Salton Announces Retirement of William B. Rue as President and Chief Operating Officer and Director
19 October 2006 - 6:00AM
Business Wire
Salton, Inc. (NYSE: SFP) announced today that William B. Rue has
decided to retire from his positions as President and Chief
Operating Officer and Director of the Company, effective
immediately. Mr. Rue will continue as consultant to the Company for
a transition period assisting the Company in its business
operations. Leonhard Dreimann, Chief Executive Officer, and other
officers of the Company, including William Lutz, Chief Financial
Officer, will assume the responsibilities of Mr. Rue. Mr. Dreimann
commented, "On behalf of the Board of Directors and employees of
Salton, we would like to express our appreciation to Bill Rue for
his dedication, commitment and significant contributions on behalf
of the Company over the past 20 years. At the request of the Board,
Bill has agreed to consult with us concerning our business
operations for a transition period." ABOUT SALTON, INC. Salton,
Inc. is a leading designer, marketer and distributor of branded,
high-quality small appliances, electronics, home decor and personal
care products. Its product mix includes a broad range of small
kitchen and home appliances, electronics for the home, tabletop
products, time products, lighting products, picture frames and
personal care and wellness products. The Company sells its products
under a portfolio of well recognized brand names such as Salton(R),
George Foreman(R), Westinghouse (TM), Toastmaster(R), Melitta(R),
Russell Hobbs(R), Farberware(R), Ingraham(R) and Stiffel(R). It
believes its strong market position results from its well-known
brand names, high-quality and innovative products, strong
relationships with its customer base and its focused outsourcing
strategy. Salton, Inc. (NYSE: SFP) announced today that William B.
Rue has decided to retire from his positions as President and Chief
Operating Officer and Director of the Company, effective
immediately. Mr. Rue will continue as consultant to the Company for
a transition period assisting the Company in its business
operations. Leonhard Dreimann, Chief Executive Officer, and other
officers of the Company, including William Lutz, Chief Financial
Officer, will assume the responsibilities of Mr. Rue. Mr. Dreimann
commented, "On behalf of the Board of Directors and employees of
Salton, we would like to express our appreciation to Bill Rue for
his dedication, commitment and significant contributions on behalf
of the Company over the past 20 years. At the request of the Board,
Bill has agreed to consult with us concerning our business
operations for a transition period." ABOUT SALTON, INC. Salton,
Inc. is a leading designer, marketer and distributor of branded,
high-quality small appliances, electronics, home decor and personal
care products. Its product mix includes a broad range of small
kitchen and home appliances, electronics for the home, tabletop
products, time products, lighting products, picture frames and
personal care and wellness products. The Company sells its products
under a portfolio of well recognized brand names such as Salton(R),
George Foreman(R), Westinghouse (TM), Toastmaster(R), Melitta(R),
Russell Hobbs(R), Farberware(R), Ingraham(R) and Stiffel(R). It
believes its strong market position results from its well-known
brand names, high-quality and innovative products, strong
relationships with its customer base and its focused outsourcing
strategy.
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