Mace Security International, Inc. ("Mace” or the “Company”) (OTCQB: MACE) announced that John J. McCann has been appointed as the Company’s Chief Executive Officer, effective when he reports to work between January 3, 2012 and January 10, 2012. Mr. Michael Smith, the Company's current interim Chief Executive Officer, has notified the Company that he will resign as interim Chief Executive Officer and a director of the Company effective January 2, 2012.
Mr. McCann has over 20 years experience and demonstrated success in the consumer products industry. From 2009 to the present, Mr. McCann has been the President and Chief Executive Officer of Fitness Quest, Inc., a privately owned company that distributes and markets home exercise and fitness products, where he managed all aspects of its operations while introducing new and innovative products. During 2002 to 2009, Mr. McCann was President and Chief Executive Officer of Saeco USA, Inc., a privately owned company that distributes and markets coffee brewing appliances.
Richard A. Barone, Mace’s Chairman of the Board, stated, “we are excited to have Mr. McCann join our effort to position Mace as the premier company of choice in personal defense. He brings to us both experience and superior marketing skills as well as an understanding of how the Mace brand can be a powerful engine in the Company’s future growth.” Mr. Barone went on to comment on interim CEO, Michael Smith. “In four short months, Mike has done an extraordinary job to prepare Mace for 2012 and beyond. He has managed costs, aligned priorities and built consensus among the Company’s management team. Because of Mike, Mace is now prepared to aggressively move forward.” Additionally, the Board is announcing that Mr. Smith has agreed to remain on at Mace as a consultant for a period of six months.
In August, Mace received funding through a rights offering to shareholders and an investment by Merlin Partners, LP. With the funding from the rights offering and the right sizing of the Company under the leadership of Mr. Smith, Mace enters 2012 with a strong working capital position, virtually no debt, and a management team focused on achieving profitability and shareholder value.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV