Company News

Nu Skin Warns on Profit

Author Image

By: TOM BRANNA

Editor

Nu Skin Enterprises Inc., Provo, UT, warned of earnings and revenue below analysts’ estimatesdue to higher expenses in Asia. The company blamed higher selling expenses in Japan and China,especially due to an increased burden of government regulation in China.

Playtex Products Announces New CEO and SVP Finance

Playtex Products, Inc. appointed Neil P. DeFeo as president, chief executive officer and a director ofthe company effective immediately. Mr. DeFeo replaces Mr. Michael R. Gallagher whose retirementwas previously announced.

Mr. DeFeo formerly served as president and chief executive officer of Remington Products Companyfrom January 1997 until it was acquired in September 2003. Prior to joining Remington ProductsCompany in 1997, DeFeo served as group vice president, U.S. operations for the Clorox Company,where he was responsible for its U.S. business. He was also responsible for corporate sales,manufacturing, engineering and logistics. Mr. DeFeo began his professional career with the Procter& Gamble Company in manufacturing, followed by assignments in marketing and general managementover a 25-year period.

In addition, Glenn Forbes, chief financial officer has announced his intention to retire at the end of thecurrent fiscal year. In anticipation of Mr. Forbes’ retirement, Playtex has announced the hiring of Mr.Kris J. Kelley as senior vice president-finance. Mr. Kelley is anticipated to become the chief financialofficer upon Mr. Forbes’ retirement. Mr. Kelley also hails from Remington Products Company wherehe served as vice president of finance and controller.

Keep Up With Our Content. Subscribe To Happi Newsletters