Oshkosh Bgosh (NASDAQ:GOSHA)
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OshKosh B'Gosh, Inc. Expands Senior Management Team
- David L. Omachinski Named President and Chief Operating Officer -
OSHKOSH, Wis., Feb. 18 /PRNewswire-FirstCall/ -- OshKosh B'Gosh, Inc. , has
executed a shift in its senior management team in order to provide additional
expertise, oversight and resources as the Company implements its strategic
initiatives.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030409/GOSHALOGO )
David L. Omachinski has been named President and Chief Operating Officer.
Previously, Mr. Omachinski held the titles of Executive Vice President, Chief
Operating Officer, and Chief Financial Officer. In his new role, Mr. Omachinski
will be responsible for the day-to-day operation of the Company's core wholesale
and retail businesses along with all major aspects of operations. Douglas W.
Hyde, who previously held the President title, will continue in his role as the
Company's Chairman and Chief Executive Officer. Given Mr. Omachinski's promotion
and the restructured management team, Mr. Hyde will have additional time to
devote to key areas of business development.
His primary areas of focus going forward will be on product design, product
development and the overall strategic direction of the Company.
The role of Chief Financial Officer will be assumed by Michael L. Heider, who
has been promoted to Vice President of Finance, Treasurer and Chief Financial
Officer. Mr. Heider joined OshKosh in 1994 as Director of Accounting and, for
the past two years has held the title of Senior Director of Accounting and
Taxation. In his expanded role, Mr. Heider will be responsible for all of the
accounting and finance functions of the Company including financial reporting,
SEC and related regulatory filings, and taxation issues.
Douglas W. Hyde, Chairman and Chief Executive Officer, said, "2004 will be an
exciting and challenging year for the Company as we execute our plan to
reinvigorate the OshKosh brand, improve the core wholesale and outlet store
businesses and develop new channels for growth, including our family lifestyle
stores. As such, the Board agreed that the expansion of the senior management
team is an important and necessary step in the further development of OshKosh
B'Gosh.
"I have worked side by side with Dave for 10 years and have a great deal of
confidence in his ability to take on an increased leadership role as we bring
the Company to the next level. Additionally, we view Mike as the ideal person
to assume the Chief Financial Officer position and look forward to benefiting
from his expertise in the financial planning and management areas. We are
enthusiastic about the new management structure as it provides additional
expertise, oversight and resources at an important juncture in the evolution of
the business and will help to best position the Company for the future."
OshKosh B'Gosh, Inc. is best known as a premier marketer of quality children's
apparel and accessories, available in over 50 countries around the world. The
Company is headquartered in Oshkosh, Wisconsin.
http://www.newscom.com/cgi-bin/prnh/20030409/GOSHALOGODATASOURCE: OshKosh
B'Gosh, Inc.
CONTACT: David L. Omachinski, President and Chief Operating Officer of
OshKosh B'Gosh, Inc., +1-920-232-4140; or Investor Relations, Cara O'Brien or
Melissa Myron, both of Financial Dynamics, +1-212-850-5600, for OshKosh
B'Gosh, Inc.
Web site: http://www.oshkoshbgosh.com/