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Lifetime Brands, Inc. (NASDAQ GS: LCUT), a leading global provider of branded kitchenware, tabletop and other products used in the home, today announced that its Board of Directors has appointed Daniel T. Siegel President of the Company.
Since joining the Company in 1992, Dan, age 43, has held various positions, including Senior Vice President – Sales and, most recently, Executive Vice President. He also serves on the boards of directors of Grupo Vasconia S.A.B., Lifetime’s 30%-owned Partner Company in Mexico, and GS Internacional S/A, the Company’s 40%-owned Partner Company in Brazil.
Jeffrey Siegel, Lifetime’s Chairman and Chief Executive Officer, commented,
“Dan has made many significant contributions to Lifetime. He repeatedly has demonstrated his expertise in the housewares industry, his passion for innovation and his strong leadership capabilities.
“Over the last two years, Dan has been the principal architect of Lifetime Next™, the strategic initiative that lays out our path for moving forward over the next five years. Dan also is responsible for Lifetime’s expanded focus on product innovation, for developing the Company’s social media and electronic marketing strategies and for overseeing the Company’s expansion into new markets outside North America.
“Dan’s promotion is part of the Company’s management succession plan, which is intended to insure that the next generation of leaders continues to execute our core strategies and drive growth in our business.”
The Company also announced that, at the Annual Meeting of Stockholders on June 13, 2013, stockholders elected the following directors to serve until the next Annual Meeting:
Chairman and Chief Executive Officer
Vice Chairman and Chief Operating Officer
Senior Vice President – Distribution
David E. R. Dangoor
President, Innoventive Partners LLC and Honorary Consul Generalof Sweden in New York
President, Laughlin Constable
Principal, Jo-Tan LLC
Chief Operating Officer, New York Tri-State Region,CB Richard Ellis, Inc.
Michael J. Regan
Retired Partner, KPMG LLP
Retired Partner, Price Waterhouse LLP
In addition, stockholders ratified the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the year ending December 31, 2013.