Navigation Links
Smart Balance Announces Marketing Organization Appointment

PARAMUS, N.J., July 31 /PRNewswire-FirstCall/ -- Smart Balance Inc. (Nasdaq: SMBL) announced an appointment in its marketing organization today. Richard McWilliams has been named to the position of vice president and general manager, core brands, reporting to Gregory Venner, executive vice president and chief consumer officer. McWilliams will be responsible for leading the marketing efforts for the Company's core brands.

"Richard will be a valuable addition to the Smart Balance team with his solid background in consumer products marketing," said Venner. "He brings a track record of success while leading well-known businesses including Enfamil(R) infant formula, Aquafresh(R) toothpaste, and Tums(R) antacid."

Before joining Smart Balance, McWilliams served as chief marketing officer for Trex Company, the country's leading manufacturer of composite decking. Prior to that he held senior leadership roles with Mead Johnson/Bristol-Myers Squibb, Rite Aid and Smithkline Beecham Consumer Healthcare. McWilliams has a BA from Westminister College and an MBA from Harvard Graduate School of Business.

The Company issued to McWilliams inducement stock options to purchase 175,000 shares of common stock with an exercise price of $7.12 per share, which is the last sale price of common stock on July 28, 2008, the date of the option grant and McWilliams' first date of employment with the Company. Fifty percent of the options vest quarterly in arrears over a four year period on McWilliams' anniversary date provided he is still employed with the Company at such time. Twenty-five percent of the options vest when the closing stock price is at least $16.75 per share for twenty out of thirty consecutive trading days. The remaining twenty-five percent vest when the closing price is at least $20.25 per share for twenty out of thirty consecutive trading days. All of the options are subject to accelerated vesting in the event of death, disability, or after a "change of control." The stock option grants meet the "employee inducement" exception to NASDAQ Marketplace Rule 4350 requiring shareholder approval of equity-based incentive plans.

About Smart Balance Inc.

Smart Balance Inc. (Nasdaq: SMBL) is committed to providing superior tasting heart healthier alternatives in every category it enters by avoiding trans fats naturally, balancing fats and/or reducing saturated fats, total fat and cholesterol. The company's products include Smart Balance(R) Buttery Spreads, Milk, Butter Blend Sticks, Cream Cheese, Peanut Butter, Microwave Popcorn, Cooking Oil, Mayonnaise, Non-Stick Cooking Spray and Cheese. For more information about products and the Smart Balance(TM) Food Plan, visit

SOURCE Smart Balance Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. New Smart Technology Makes Patient Data Collection Easier, More Efficient
2. New Survey Shows Americans are Still Concerned About Food Safety, Yet Still Not Smart About What They Like to Eat
3. Delta Dental of Illinois Introduces Smile Smart For Your Health
4. Toddler Study Proves Humans Outsmart Apes
5. SMART Association Becomes Healthcare Council Member of Smart Card Alliance
6. Smart insulin nanostructures pass feasibility test, UT study reports
7. New Oral-B(R) Triumph(TM) With SmartGuide(TM) is the First Power Toothbrush With a Wireless Display
8. Pasta Gets Smarter - and Healthier
9. Healthy Living Made Easy with New Diabetes Foodsmart e-Newsletter
10. Oridion Introduces New Smart Capnography System for Improved Patient Safety
11. SafeSmart, Inc. Presents SafetyTies to Sixth Annual MedAssets Technology Forum
Post Your Comments:
(Date:11/30/2015)... Rosa, Calif. (PRWEB) , ... November 30, 2015 ... ... Management and Analytics for the last 15 years, announced today that Michigan-based Family ... A provider of care for over 45 years, FHC was awarded the largest ...
(Date:11/30/2015)... , ... November 30, 2015 ... ... new additions to its industry-leading suite of automated breast density assessment and ... America (RSNA) meeting, November 29-December 4, 2015 (South Hall booth #2377). Volpara’s ...
(Date:11/30/2015)... ... November 30, 2015 , ... Sikka Software announced today that ... Their Ecosystem empowers dentists to make complex business decisions by providing the tools and ... a free fee survey with 10 procedures customized by zip code. , The ...
(Date:11/30/2015)... , ... November 30, 2015 , ... ... Laser Center is one of a select few plastic surgeons in the New ... fat removal. , SculpSure™ is the world’s first heat-induced laser treatment for fat ...
(Date:11/30/2015)... Atlanta, Georgia (PRWEB) , ... November 30, 2015 ... ... training for healthcare professionals worldwide today released the results of a survey of ... Middle East and Africa found a growing global demand for high quality online ...
Breaking Medicine News(10 mins):
(Date:11/29/2015)...  Strengthening its leadership in connected healthcare informatics, ... IntelliSpace Portal 8.0 , the latest edition of ... helps radiologists detect, diagnose and follow-up on treatment of ... North America Annual Meeting (RSNA) in ... the changing demands in radiology that result from an ...
(Date:11/29/2015)... -- The GE Health Cloud 1 was unveiled today at ... North America (RSNA) meeting in Chicago ... cloud ecosystem and its applications will connect radiologists and clinicians ... teams – both inside and outside the hospital setting. ... "As the digital industrial leader, we are betting big on ...
(Date:11/27/2015)... , Pays-Bas, November 27, 2015 ... au traitement photodynamique au Bremachlorin contre le cancer ... approche consistant à combiner l,immunothérapie au traitement photodynamique ... --> Une nouvelle approche consistant ... contre le cancer avancé.    ...
Breaking Medicine Technology: