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CENT Central Garden and Pet Co

38.95
0.89 (2.34%)
Last Updated: 14:53:25
Delayed by 15 minutes
Share Name Share Symbol Market Type
Central Garden and Pet Co NASDAQ:CENT NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.89 2.34% 38.95 38.95 39.19 39.08 38.17 38.17 6,616 14:53:25

Core-Mark Announces Two New Board Members

16/08/2005 10:32pm

PR Newswire (US)


Central Garden and Pet (NASDAQ:CENT)
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SOUTH SAN FRANCISCO, Calif., Aug. 16 /PRNewswire/ -- Core-Mark Holding Company, Inc. (CMRK.PK), one of the largest North American distributors to the convenience retail industry, announced today that it has elected two new members to its board of directors. These two new members are L. William Krause and Stuart W. Booth. Krause, 63, is a board member of Sybase, Inc., TriZetto Group, Brocade Communications Systems, Inc., and Packeteer, Inc. as well as two privately held companies, Caspian Networks, Inc. and CPU TECH. Booth, 54, is currently executive vice president and chief financial officer/secretary for Central Garden & Pet Company (NASDAQ:CENT). "We are very pleased to have these two outstanding individuals join our board," said Mike Walsh, CEO of Core-Mark. "These two new members bring to Core-Mark a diverse set of experiences, knowledge and perspective that will further enable us to expand our position in the markets in which we compete and to help us in our evolution as a publicly registered company." Krause currently serves as chairman of the board for Caspian Networks, Inc., a company he served as president and chief executive officer from 2002 to 2004. Prior to his current roles at Caspian Networks, Inc. and other companies, Krause served as chairman and chief executive officer for Exodus Communications, Inc., and as chairman of 3Com Corporation from 1987 to 1993 where he also served as president and chief executive officer before becoming chairman from 1981 to 1990. Prior to 3Com, Krause spent 14 years at Hewlett-Packard in various roles. His last position was as general manager of the General Systems Division with global responsibilities for the company's personal computer business. Krause has a Bachelors degree in Electrical Engineering from the Citadel. Booth has been the chief financial officer for Central Garden & Pet Company since 2002. In 2001 he served as the chief financial officer for Respond TV, Inc. He also served as the principal vice president and treasurer for Bechtel Group, Inc. from 1998 through 2000. Before joining Bechtel, Booth served as senior vice president of finance & development for PG&E Enterprises and in various other roles at PG & E beginning in 1975. Booth has a B.A. in Economics from the California State University in Chico and an MBA in finance from San Francisco State University in San Francisco. About Core-Mark Core-Mark is one of the largest broad-line, full-service wholesale distributors of packaged consumer products to the convenience retail industry in North America. Founded in 1888, Core-Mark provides distribution and logistics services as well as marketing programs to over 20,000 retail locations in 38 states and five Canadian provinces through 24 distribution centers. Core-Mark services traditional convenience retailers, grocers, mass merchandisers, drug, liquor and specialty stores, and other stores that carry consumer packaged goods. For more information, please visit http://www.core-mark.com/. Safe Harbor This press release contains disclosures which are "forward-looking statements." Forward-looking statements include all statements that do not relate solely to historical or current facts, and can generally be identified by the use of words such as "may," "believe," "will," "expect," "project," "estimate," "anticipate," "plan" or "continue." These forward-looking statements are based on the current plans and expectations of our management and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. These factors include, but are not limited to: economic conditions affecting the cigarette and consumable goods industry; adverse effect of legislation and other matters affecting the cigarette industry; increased competition in the distribution industry; our inability to retain and attract customers; the negative affects of product liability claims; failure of our suppliers to provide products; increases in fuel prices; the loss of key personnel or our inability to attract and retain new qualified personnel; currency exchange rate fluctuations; and the negative effects of our reorganization on our customer, supplier and employee relationships. These forward-looking statements speak only as of the date of this press release. Except as provided by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. DATASOURCE: Core-Mark Holding Company, Inc. CONTACT: investors, Ms. Milton Draper, +1-650-589-9445, ext. 3027, for Core-Mark Holding Company, Inc. Web site: http://www.core-mark.com/

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