Natrol (NASDAQ:NTOL)
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Natrol, Inc. (NASDAQ:NTOL), a premier manufacturer and
distributor of nationally branded nutritional products, today
announced the appointment of Craig Cameron as the Company's new Chief
Operating Officer effective April 1, 2006. Mr. Cameron joins the
executive management team led by President and Chief Executive
Officer, Wayne Bos.
"As we carefully consider our path to expansion, we must
strengthen our management capabilities. Craig is an outstanding
businessman, and a valuable addition to the executive team," stated
Wayne Bos, President and Chief Executive Officer. "His senior
management experience is exemplary. Craig has a successful track
record in growing businesses--from start-up companies to blue chip,
multinational corporations." Bos added, "At Natrol, he will develop
systems and disciplines to ensure achievement of our growth plans. I
am delighted to welcome Craig to the Company."
Mr. Cameron's professional background includes 23 years of
international executive management experience in sales, marketing,
strategy, operations, and R&D. During his 16-year career with NCR
Corporation, he served as senior managing director in Japan, managing
director of New Zealand, director of marketing in Canada, and head of
corporate strategy in the United States.
More recently, Mr. Cameron served as head of strategy and
marketing for Telstra Corporation (Australia's largest
telecommunications company). He subsequently became Chief Executive
Officer of Advantra, a $300MM joint venture company of IBM, Lend Lease
and Telstra.
"I'm excited to join Natrol and work with the executive team at
this pivotal time of change. Natrol has a solid operating base and
infrastructure that can be enhanced and leveraged for growth. I'm
confident that careful planning and diligent execution will lead to
great success for our business."
Mr. Cameron holds a Bachelor's Degree in Civil Engineering from
the University of Queensland, Australia. He also is a graduate of the
Wharton Business School Executive Development Program, and the INSEAD
Executive Development Program (Singapore).
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 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 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, 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 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 for the year
ended December 31, 2004 and in the Company's other filings with
Securities and Exchange Commission.