Weider Nutrition Appoints Food Industry Veteran President and Chief Executive Officer.SALT LAKE CITY--(BUSINESS WIRE)--Feb. 26, 1999-- David J David J. Haskins (b. April 24, 1957, in Northampton, England) is a British alternative rock musician. He was the bassist for the seminal gothic rock band Bauhaus. Life and work . Gustin was Most Recently President and COO of ConAgra's $3 Billion Grocery Products Companies Weider Nutrition International, Inc. (NYSE NYSE See: New York Stock Exchange :WNI WNI Wisconsin Name Index WNI Weathernews Incorporated WNI Willamette processor New Instructions (Intel) ) today announced the appointment of David J. Gustin president and chief executive officer effective March 1, 1999. Gustin joins Weider from ConAgra, Inc. where he was most recently president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of the ConAgra Grocery Products Companies. In this post, Gustin ran the Hunt-Wesson Companies, ConAgra's most profitable unit, with $3 billion in sales. At Weider Nutrition, Gustin will be responsible for all day-to-day operations, corporate development, sales and marketing, and long-term strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. . Gustin will also join Weider Nutrition's board of directors, raising its current membership from eight to nine. Eric Weider, chairman of Weider Nutrition, stated, "We welcome Dave to Weider and look forward to his immediate contributions. His strong background in running multibillion dollar, international branded food product divisions and companies is sure to be an asset to Weider Nutrition. "His specific talent in building household name brands, such as Healthy Choice and Orville Redenbacher For the brand of popcorn, see . Orville C. Redenbacher (July 16, 1907 – September 19, 1995) was an American businessman most often associated with the brand of popping corn that bears his name. , has been evident throughout his 25 year career. Dave is a marketing visionary with strong operating experience and we have the utmost confidence in his ability to lead Weider to the next stage in the company's growth." Gustin stated, "Weider Nutrition is a well established company in an industry that has tremendous opportunity. Weider has an excellent manufacturing infrastructure, strong brands, and a wide distribution channel for its products. The Company was founded on Joe Weider's passion for health and nutrition and I intend to build on that tradition." As president and chief operating officer of ConAgra Grocery Products Companies from July 1996 to June 1998, Gustin was responsible for Hunt-Wesson Companies, which included the Hunt, Wesson, Peter Pan, and Knotts brands, as well as the Orville Redenbacher/Swiss Miss Companies, and the Golden Valley Co. Gustin was also responsible for ConAgra Frozen Foods, which includes the Healthy Choice and Banquet brands. Gustin employed growth strategies that included portfolio innovation, supply chain management, re-organization of sales and marketing, installation of leading edge systems across the company, acquisitions, alliances, and joint ventures. Gustin's seven year tenure at ConAgra/Hunt-Wesson was marked by two Marketing Excellence Awards for outstanding new products -- Reden Budders and Healthy Choice Soup. Prior to joining ConAgra/Hunt-Wesson, Gustin spent three years at Frito-Lay, Inc. and 16 years at General Foods Corp. He received an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from the Amos Tuck Amos Tuck (1810-1879) was a political figure in New Hampshire, credited by some New Hampshire sources as a founder of the Republican Party. Early life and education School at Dartmouth College Dartmouth College, at Hanover, N.H.; coeducational; chartered 1769, opened 1770, the ninth colonial college (see Wheelock, Eleazar). Originally a men's college, Dartmouth began admitting women in 1972. . Weider Nutrition International, Inc. is a leading manufacturer of branded and private label nutritional supplements Nutritional Supplements Definition Nutritional supplements include vitamins, minerals, herbs, meal supplements, sports nutrition products, natural food supplements, and other related products used to boost the nutritional content of the diet. and is a leading marketer of multiple brands of nutritional supplements through multiple distribution channels. The company manufactures a broad range of capsules and tablets, powdered drink mixes, bottled beverages, and nutritional bars. Except for the historical information contained herein, the matters discussed in the press release contain 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, that are based on management's beliefs and assumptions, current expectations, estimates, and projections. Many of the factors that will determine the company's future results are beyond the ability of the company to control or predict. These statements are subject to risks and uncertainties and, therefore, actual results may differ materially. The company disclaims any obligation to update any forward-looking statement whether as a result of new information, future events or otherwise. Important factors that may affect future results include, but are not limited to: the impact of competitive products and pricing, product development, changes in laws and regulations, customer demand, litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , availability of future financing, uncertainty of market acceptance of new products and other risks detailed from time to time in the company's SEC reports, copies of which are available upon request from the company's investor relations Investor relations The process by which the corporation communicates with its investors. department. |
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