Natrol (NASDAQ:NTOL)
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From Jul 2019 to Jul 2024
Natrol, Inc. (NASDAQ:NTOL), a leading manufacturer and
distributor of nationally branded nutritional products, today
announced the election of James R. Peters to its Board of Directors.
Mr. Peters is expected to be named Chairman of the Audit Committee.
"Jim Peters brings a wealth of experience across multiple
industries gathered during a distinguished 35-year career in public
accounting," said Wayne Bos, President and Chief Executive Officer of
Natrol. "One of the key pillars of Natrol's growth strategy is to
solidify our core business. As part of that strategy, we are focused
on improving our operating procedures and efficiencies. Jim will
provide valued counsel as we continue to make progress in that
regard."
Added Elliott Balbert, Founder and Executive Chairman of Natrol,
"We are also focused upon strategic acquisitions and partnerships as a
key component of our growth strategy. Jim has experience with
countless merger and acquisition transactions. His knowledge, insight
and strategic guidance will be a tremendous asset to the Board."
"I am excited about future growth prospects at Natrol," stated Mr.
Peters. "I look forward to working with its talented team of
executives, many of whom have recently joined the Company."
Mr. Peters, a Certified Public Accountant, is a retired partner in
the audit practice of Ernst & Young, where he began his career in
1971. He has extensive experience with public and private companies
and initial public offerings in diverse industries, including retail,
distribution, manufacturing, health sciences, technology,
communications and entertainment. Mr. Peters is a former faculty
member of the Directors' Certification Program at the Anderson School
of Business of the University of California, Los Angeles. He is also a
former advisory board member for the Entrepreneurial Studies program
of the University of Southern California. Mr. Peters is a frequent
speaker on entrepreneurship, mergers and acquisitions, and audit
committee best practices.
About Natrol
Founded in 1980, Natrol, Inc. (NASDAQ:NTOL) is a diversified
nutrition company that manufactures and markets premium-branded
nutritional products, herbal teas and sports fitness products under
the Natrol(R), Laci Le Beau(R) and Prolab(R) brands, respectively.
Natrol markets more than 200 nutritional products designed to meet a
wide range of consumer needs. The products are available at more than
54,000 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, 2005 and in the Company's other filings with
Securities and Exchange Commission.