Applica Incorporated Announces Retirement of Felix Sabates From the Board of Directors.MIRAMAR, Fla. -- Applica Incorporated (NYSE NYSE See: New York Stock Exchange :APN APN abbr. advanced practice nurse ) today announced that Felix Sabates Felix Sabates (born September 9, 1942) is a Cuban entrepreneur and philanthropist living in the United States. Early life Sabates, was the oldest of seven, three boys and four girls. has resigned as a member of the Board of Directors of the company, effective immediately. Mr. Sabates has served as a member of the Board of Directors of Applica since 1991. Harry D. Schulman, Chairman and Chief Executive Officer commented, "On behalf of the Board of Directors, we would like to express our appreciation to Felix for his efforts on behalf of the company over the past 14 years. We wish him the best of luck and thank him for his many years of service." The vacated board seat will remain empty at this time. Applica Incorporated and its subsidiaries are marketers and distributors of a broad range of branded and private-label small electric consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and . Applica markets and distributes kitchen products, home products, pest control pest control n → control m de plagas pest control n → lutte f contre les nuisibles pest control pest n products, pet care products and personal care products. Applica markets products under licensed brand names, such as Black & Decker(R), its own brand names, such as Windmere(R), LitterMaid(R), Belson(R) and Applica(R), and other private-label brand names. Applica's customers include mass merchandisers, specialty retailers and appliance distributors primarily in North America, Latin America and the Caribbean. Additional information regarding the Company is available at http://www.applicainc.com. |
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