Sleep Innovations, Inc., a leading branded manufacturer of Memory Foam mattresses, pillows and mattress toppers in North America, announced that Joseph E. Lynch has been named President and Chief Executive Officer, effective April 1, 2007. He succeeds Michael Fux, Sleep Innovation’s founder and a member of its Board of Directors, who has served as the Company’s Interim President and Chief Executive Officer since December 2006. Mr. Fux will remain a member of Sleep Innovation’s Board and will continue to play an active role in product innovation and customer relations.
Mr. Lynch has more than two decades of global branding, manufacturing, and marketing experience having served most recently as President and Chief Executive Officer of Schick-Wilkinson Sword, an Energizer Holdings, Inc. company, which is the second largest manufacturer of wet shave products in the world. As the President and Chief Executive Officer, Mr. Lynch oversaw the development of some of the most innovative and well-known consumer brands in the world, including Xtreme 3 ®, the first triple-blade disposable razor, Quattro® and Quattro® For Women™, the first 4-bladed razor, and Intuition®, the first all-in-one razor for women. During Mr. Lynch’s tenure, Schick-Wilkinson Sword achieved compound annual growth of 10 percent in sales and 25 percent in operating profit.
Mr. Fux said, “Joe is a talented executive with a proven track record of developing and marketing innovative, high-impact brands. I am proud of what Sleep Innovations has accomplished and am confident that with Joe’s leadership, creativity and vision, our company is entering an exciting period of growth and product innovation.”
“This is a time of significant opportunity for Sleep Innovations,” said Mr. Lynch. “The technology and innovation supporting Sleep Innovations’ products have already set it apart in the marketplace. I am excited to join the Sleep Innovations team as we work together to unlock its true potential.”
Mr. Lynch has led Schick-Wilkinson Sword since 2000 when the business was part of Pfizer, Inc. and then acquired by Energizer Holdings, Inc. in 2003. He began his professional career with Arthur Andersen & Company as a CPA and has held positions at Wyeth, Inc., Warner-Lambert Company and Pfizer, Inc.
About Sleep Innovations, Inc.: Sleep Innovations is a leading manufacturer of Memory Foam mattresses, pillows and mattress toppers in North America. The Company fabricates and markets foam bedding, sleep products and accessories under three nationally recognized brands: Novaform®, Personal Expressions® and Comfort Plus®. The Company also offers the Marino Recovery SystemÔ, an exclusive collection of comfort products named for Dan Marino, former NFL Hall of Fame quarterback and Sleep Innovations’ official spokesperson. In addition to these three major brands, Sleep Innovations produces similar products under private label programs for a number of retailers, including Costco, Kohl’s, Sears, Sam’s Club and Target.
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