Dyno Corporation Appoints Michael T. Gillen as its Chief Executive Officer.Business Editors POMPANO pompano (pŏm`pənō), common name for fishes of the genus Trachinotus, and for Palometus simillimus, members of a large and important family of mackerellike fishes, abundant in warm seas around the world. , Fla.--(BUSINESS WIRE)--March 18, 2002 Dyno Corporation ("Dyno") announced today that it has appointed Michael Gillen as its Chief Executive Officer. Dyno, headquartered in Pompano Beach, Florida Pompano Beach is a city in Broward County, Florida, along the coast of the Atlantic Ocean just to the north of Fort Lauderdale. The Nearby Hillsboro Inlet forms part of the Atlantic Intracoastal Waterway. As of 2006, the U.S. , markets, packages and distributes a wide range of merchandise to mass merchandisers, supermarkets and drugstores. Some of Dyno's products include sewing sewing: see needlework. materials, scissors scissors Cutting instrument or tool consisting of a pair of opposed metal blades that meet and cut when the handles at their ends are brought together. Modern scissors are of two types: the more usual pivoted blades have a rivet or screw connection between the cutting ends and a line of branded raingear products. Mr. Gillen will be joining Dyno from Sunbeam Corporation ("Sunbeam"), where he served as President of Sunbeam International. Sunbeam is a $2.4 billion leading international consumer products company that designs, manufactures and markets a diverse portfolio under the brand names of Sunbeam, Coleman, Oster, Powermate, Campingaz, Mr. Coffee, First Alert and Timberland. Mr. Gillen was recruited to Sunbeam as a member of Jerry Levin's (the Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Sunbeam) management team. Mr. Gillen's responsibilities included the management and oversight of a $700+ million international organization operating in over 30 countries, five regions and containing 2,000 employees. Prior to joining Sunbeam International, Mr. Gillen was President and General Manager of Outdoor Cooking for information on more kitchen-like outdoor techniques, see Grilling and Barbecue. Outdoor cooking differs substantially from kitchen-based cooking, the most obvious difference being lack of an easily defined kitchen area. , a division of Sunbeam Corporation based in Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. . Mr. Gillen had global P&L responsibility for the $325 million Sunbeam and Coleman Outdoor Cooking business, including gas grills, replacement parts and accessories. Mr. Gillen was responsible for the turnaround Turnaround A situation where a company that has had poor performance for an extended period of time experiences a positive reversal. Notes: A speculator may profit from a turnaround if he or she accurately anticipates the improvement of a poorly performing company. of the Outdoor Cooking business, including the development of a strategic plan to return the business to profitability from a $110 million loss in 1998. Earl W. Powell, Dyno's Chairman, commented: "Mike is a seasoned veteran, bringing over twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. of professional experience in this sector. His extensive accomplishments in the consumer products industry will further expand Dyno's growth as a quality manufacturer of consumer products. We are very fortunate to have attracted Michael to our company." "We would also like to thank John Feinberg, the outgoing Chief Executive Officer for his effort and hard work in making Dyno Corporation the leading consumer products company it has become. We wish him good luck in all of his future endeavors." Dyno is a portfolio company of Miami-based Trivest Partners, L.P. ("Trivest"). Trivest, a private investment firm, which is a leading provider of equity for middle market corporate acquisitions, recapitalizations and growth capital financings. Since its founding in 1981, Trivest has sponsored more than 115 acquisitions and recapitalizations, totaling approximately $2.0 billion in value. Trivest recently closed its third institutional investment fund, Trivest Fund III, with $316.1 million in total commitments. For more information, please visit http://www.trivest.com and http://www.dynomerchandise.com. |
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