12.20.21
The board of directors of CCA Industries, Inc. has appointed Christopher Dominello as chief executive officer. Lance Funston will remain as chairman of the board. The board of directors also decided to end the engagement with Janney Montgomery Scott LLC.
"After discussions with interested financial and strategic investors, it was clear that the Company could achieve better future value for our shareholders by waiting at this time, while working diligently to both grow sales and lower expenses,” said Funston. “I am confident that under the leadership of Chris Dominello the Company will be able to achieve both objectives."
Prior to joining CCA Industries, Dominello had served as president and CEO of Ducere Pharma, LLC., where he successfully revitalized iconic brands to include Doan's, Bufferin, and Cruex. Within two years, he progressed to more than 40,000 points of distribution across the portfolio and increasing organic sales by 170%. His strategy led to Ducere's acquisition, providing investors with a 200% return on investment.
Before joining Ducere, Dominello held executive level positions at both Ultimark Products and Nutrisystem Inc. As CEO at Ultimark, he helped raise $15 million-plus in private placement to further the company's acquisition goal, leading to four acquisitions within his first year including Prell Shampoo, Denorex Shampoo, among others. He also increased revenue by 200% for the company's garden division by securing placement at The Home Depot.
"I look forward to working to increase shareholder value in this challenging environment and build off the successes that Lance has achieved,” said Dominello. “CCA has good brands, and we will look to expand our platform."
During his eight-year tenure at Nutrisystem, Dominello successfully launched the brand internationally, and was a key member of the executive team that brought sales from $20 million to $778 million. Prior to that, Dominello worked for Arthur Andersen in their Enterprise Division focusing on startups and turnarounds.
Dominello received a Bachelor of Science degree in accounting from the University of Notre Dame's Mendoza College of Business. He also served as Captain in the United States Air Force where he received the USAF Commendation Medal for preparing to support wartime contingency operations.
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