Printer Friendly
The Free Library
14,529,145 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Renowned Growth Company Leader Wayne Bos Joins Natrol as CEO Designate; Premier Branded Nutraceutical Provider Plans International Expansion, Organic Growth and Acquisitions.


CHATSWORTH, Calif. -- Natrol Inc. (Nasdaq:NTOL), a premier manufacturer and distributor of nationally branded nutritional products, today announced that its Board of Directors has elected Wayne Bos, a globally prominent entrepreneur, investor and growth-company leader, as the Company's Chief Executive Officer and President designate. Mr. Bos, presently a resident of Australia who also has been appointed to Natrol's Board of Directors, is scheduled to assume his new duties next month.

"I am tremendously excited to be joining Natrol Founder and Executive Chairman Elliott Balbert and the rest of the Natrol team as we embark on achieving three primary objectives -- to develop Natrol as a solid, profitable growth company, to focus on growing internationally and to ensure that we are opportunistic opportunistic /op·por·tu·nis·tic/ (op?er-tldbomacn-is´tik)
1. denoting a microorganism which does not ordinarily cause disease but becomes pathogenic under certain circumstances.

2.
 with regard to acquisitions," Mr. Bos said. "We will be laser-focused on achieving sustainable, profitable growth while maximizing the value we bring to our shareholders, partners and customers."

"Natrol has extraordinary growth potential in a rapidly expanding global market for nutritional and wellness products," Mr. Bos continued. "Natrol is recognized by customers, not only in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  but in 49 other countries, for unsurpassed quality and an unrivaled brand. That is a credit to Elliott Balbert, an industry icon, who has created and grown the highly respected company I am so pleased to be joining. Now, with a concentrated international focus, Elliott and I are confident that Natrol is capable of extending our vanguard position in product quality to leadership in the global market."

"Natrol could not have attracted a more dynamic, innovative and accomplished leader than Wayne Bos to accelerate our growth," said Mr. Balbert, Natrol's Founder and Executive Chairman. "Wayne's global track record is one of growth -- in industries ranging from technology, telecommunications and finance to chemicals, media and consumer products. Now Wayne and I are setting our sights on the multibillion-dollar U.S. nutraceutical nu·tra·ceu·ti·cal
n.
A food or naturally occurring food supplement thought to have a beneficial effect on human health.


nutraceutical
 market that independent analysts expect to continue its robust growth. I greatly look forward to working with Wayne as we endeavor to make the most of this remarkable opportunity."

In conjunction with his nomination, Mr. Bos has been awarded 6,029,500 fully vested options with a strike price of $2.282. The grant price reflects the market price of Natrol's stock at the time of the grant. For a period of three years, Mr. Bos's ability to sell the majority of the shares he receives upon exercise of these options is restricted, with the restrictions lapsing based upon the stock price reaching defined hurdles. The grant is subject to shareholder approval.

Among his most notable successes, Mr. Bos worked closely with the management team of Uniqema, a division of Imperial Chemical Industries in London, to complete an acquisition of one of the business units. Following completion of the acquisition in 2000, Symex Holdings Limited was established as a 100 percent owned Australian company and successfully listed on the Australian Stock Exchange Australian Stock Exchange (ASX)

Australia's major securities market, formed when the six state stock exchanges (Adelaide, Brisbane, Hobart, Melbourne, Perth, and Sydney stock exchanges) were merged in 1987.
. Today, Symex is Australia's largest producer of Oleo products.

Mr. Bos also served as 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.  and Director of Sausage Software Sausage Software was formerly an Australian software company, founded by entrepreneur Steve Outtrim, which produced one of the world's most successful web editors: the HotDog web authoring tool. , an Australian public company. Under his leadership, Sausage grew from a single product company with 35 people and revenues of $5 million, to an eBusiness solutions house with over 1500 people and revenues of more than $150 million. Sausage Software, with wholly owned subsidiaries Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 in the UK, USA and Asia, became Australia's fastest growing company as it grew to a market capitalization Market Capitalization

A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap.
 of more than $2 billion during the late 1990s and early 2000s.

Mr. Bos is a founding member of the World Economic Forum's Technology Pioneers Network. He became a founding director of the Technology Empowerment Network (TEN) with a focus on the Digital Divide, a project of the WEF WEF World Economic Forum
WEF Water Environment Federation
WEF Winter Equestrian Festival (Wellington, FL)
WEF With Effect From (aviation)
WEF World Environment Fund
WEF Weight Enumerating Function
.

About Natrol

Founded in 1980, Natrol, Inc. (Nasdaq:NTOL) is a diversified nutrition company that manufactures and markets premium branded nutritional products, functional teas and sports fitness products under the Natrol(R), Laci Le Beau(R) Tea and Prolab(R) Sports Nutrition Sports nutrition is applied in most sports training, however it is most dominant in strength sports (for example weight lifting and bodybuilding) and endurance sports (for example cycling, running, triathlon).  labels. Natrol markets more than 200 nutritional products designed to meet a wide range of consumer needs. The products are available at more than 50,000 food, drug, mass market and independent health food stores, catalogs and Internet sites, gyms and specialty stores Noun 1. specialty store - a store that sells only one kind of merchandise
shop, store - a mercantile establishment for the retail sale of goods or services; "he bought it at a shop on Cape Cod"
 nationally and in select foreign countries. For more information, visit www.natrol.com.

The statements made in this press release which are not historical facts including statements regarding expectations for future growth of revenue and profits and trends concerning net sales Net Sales

The amount a seller receives from the buyer after costs associated with the sale are deducted.

Notes:
This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight
, are forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. As a result of a number of factors, the Company's actual results could differ materially from those set forth in the forward looking statements. Certain factors that might cause Natrol's actual results to differ materially from those set forth in the forward looking statements include adverse trends in the dietary supplements Noun 1. dietary supplement - something added to complete a diet or to make up for a dietary deficiency
diet - a prescribed selection of foods

vitamin pill - a pill containing one or more vitamins; taken as a dietary supplement
 industry, intense competition, adverse effects of unfavorable publicity regarding particular products or the Company's industry generally, the Company's dependence on the introduction of successful new products, the Company's ability to gain market share and shelf space in each of its distribution channels, the Company experiencing high rates of product returns, and adverse government regulation, as well as those factors set forth under the heading "Risk Factors" in the Company's Annual Report on Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 for the year ended December 31, 2004 and in the Company's other filings with Securities and Exchange Commission.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Article Type:Company Profile
Date:Feb 16, 2006
Words:910
Previous Article:Southern Union Company Announces Sale of New England Gas Company Rhode Island Assets; $575 Million Cash Transaction Less Assumed Debt of $77 Million;...
Next Article:Enjoy Media Reports 2005 Unaudited Annual Financial Results.
Topics:



Related Articles
Cost Cutting a Remedy for Dietary Supplement Maker.(Natrol Inc.)(Brief Article)(Statistical Data Included)
Change of life for herb makers?(nutritional supplement industry information)(Brief Article)(Statistical Data Included)
Natrol relies on acquired niche to stabilize revenue. (Corporate Focus).
Amgen faces competition from company's arthritis pill.(Health Care)
Personnel changes at Natrol amid disappointing earnings.(Public Companies)(Brief article)
Natrol Holds Annual Stockholders' Meeting: Directors Elected, Management Reports Company Growth Initiatives.
British move.(THE LABJ Online Journal)
Natrol expands.(SFVBJ ONLINE: Selected news published on sfvbj.com)
CEO of B.O.S. to Conclude his Term of Service with the Company.
Natrol takes profit.(HEALTH CARE & BIOTECH)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles