Rayovac Announces Management Change
MADISON, Wis., Feb. 11 /PRNewswire-FirstCall/ -- Rayovac Corporation (NYSE: ROV) announced today the retirement of Merrell M. Tomlin as executive vice president of global sales. Tomlin joined Rayovac in 1996 as senior vice president of sales. He was promoted to executive vice president of sales in 1998.
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Rayovac's global sales will now be managed regionally by: Stephen Shanesy, executive vice president - North America; Luis Cancio, executive vice president - Latin America; and Remy Burel, executive vice president - Europe.
"We appreciate Merrell's efforts over the last six years as Rayovac has grown to be a global player in the battery and lighting industries. We thank Merrell for his contributions and wish him and his family the best," said David Jones, Rayovac chairman and CEO.
With the recent VARTA consumer battery transaction, Rayovac is one of the world's largest consumer battery and lighting device companies. Rayovac and VARTA products are sold in more than 115 countries. The Company also markets the number one selling rechargeable brand of battery in the U.S. and in Europe, and is the world leader in hearing aid batteries. Rayovac trades on the New York Stock Exchange under the ROV symbol.
Certain matters discussed in this news release, with the exception of historical matters, are forward-looking statements within the meaning of the Private Litigation Reform Act of 1995. These statements are subject to a number of risks, uncertainties and other factors that could cause results to differ materially from those anticipated as of the date of this release. Actual results may differ materially from these statements as a result of (1) changes in external competitive market factors, such as introduction of new product features or technological developments, development of new competitors or competitive brands or competitive promotional activity or spending, (2) changes in consumer demand for the various types of consumer batteries, (3) changes in the general economic conditions where we do business, such as stock market prices, interest rates, currency exchange rates, inflation and raw material costs, (4) our ability to successfully implement manufacturing and distribution cost efficiencies and (5) various other factors, including those discussed herein and those set forth in the Company's most recent Form 10-Q, Annual Report on Form 10-K and the prospectus supplement for the Company's most recent offering of its common stock.
SOURCE Rayovac Corporation