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Chairman of the board Funston replaces Kornhauser.
January 22, 2016
By: Melissa Meisel
Richard Kornhauser has stepped down as chief executive officer and president of CCA Industries, Inc. effective Jan. 15, 2016. He also resigned as director of the company. Lance Funston has assumed the position of CEO in addition to his responsibilities as the Company's chairman of the board, effective the same date.
Kornhauser said, “After two years of retooling, rebuilding and recapitalizing the company's infrastructure, CCA's platform is far stronger and healthier today than it has been in years. I'm proud of what we have accomplished as a team.”
Funston added, “One year ago, I asked Rick to accomplish three goals, transition from component manufacturing to turnkey manufacturing for which we have made considerable progress, make significant reductions in administrative overhead costs and complete the transition to Emerson Healthcare, a third party back office accounting and sales team. His mission has been accomplished. The Board of Directors joins me in thanking Rick for his valuable contributions.”
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