Navigation Links
Smart Balance Announces Marketing Organization Appointment
Date:7/31/2008

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 http://www.smartbalance.com.


'/>"/>
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:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... Texas (PRWEB) , ... October 13, 2017 , ... Yisrayl ... this week that explains one of the most popular and least understood books in ... like cryptic and puzzling descriptions that have baffled scholars for centuries. Many have tossed ...
(Date:10/13/2017)... ... 13, 2017 , ... “America On The Brink”: the Christian history of the ... is the creation of published author, William Nowers. Captain Nowers and his wife, ... he spent thirty years in the Navy. Following his career as a naval ...
(Date:10/12/2017)... (PRWEB) , ... October 12, 2017 , ... ... products to meet the demand of today’s consumer and regulatory authorities worldwide. From ... probiotic experts and tested to meet the highest standard. , These products ...
(Date:10/12/2017)... , ... October 12, 2017 , ... ... delivery system that we intend to develop to enable prevention of a major ... to severe hearing loss, especially in pediatric patients. For cisplatin, hearing loss is ...
(Date:10/12/2017)... ... October 12, 2017 , ... On Saturday, October 21, the Health & Wellness ... Moonlight to raise money for the American Heart Association Heart Walk. Teams of up ... work together to keep their treadmills moving for 5 hours. Treadmills will start at ...
Breaking Medicine News(10 mins):
(Date:9/25/2017)... , Sept. 25, 2017  EpiVax, Inc., ... vaccine design, and immune-engineering today announced the launch ... the development of personalized therapeutic cancer vaccines. EpiVax ... provided exclusive access to enabling technologies to the ... MBA will lead EpiVax Oncology as Chief Executive ...
(Date:9/19/2017)... 19, 2017   ZirMed Inc ., a recognized leader ... that it has been ranked #1 by its users for ... Rankings 2017 User Survey. ZirMed was recognized as the top-ranked ... and medical centers over 200 beds and holds one of ... user survey history. ...
(Date:9/12/2017)... , Sept. 12, 2017  Consumer reviews on the independent ... as the number one company for hearing aids, ranking it ... fifteen other brands. ... Hearing Named #1 by Consumers For Hearing Aids ... Embrace Hearing is an online store that provides high performance, ...
Breaking Medicine Technology: