Rayovac Names Scott Jaeckel To Board Of Directors
MADISON, Wis., Feb. 8 /PRNewswire-FirstCall/ -- Rayovac Corp. (NYSE: ROV) Chairman and CEO David A. Jones announces the addition of Scott Jaeckel to the Company's board of directors. He replaces retiring board member Warren "Renny" C. Smith, Jr.
Jaeckel is vice president of Thomas H. Lee Partners, a Boston-based investment group and Rayovac's largest shareholder. He has held several executive positions at the firm, and has developed a strong understanding of Rayovac and the battery industry during his tenure. Prior to joining Thomas H. Lee Partners in 1994, Jaeckel worked at Morgan Stanley & Co., Inc.
After five years of service on the Rayovac Board, Smith is retiring to concentrate on his key role on the TH Lee Putnam Ventures, of which he is one of the founding partners.
"We express our gratitude to Renny for his dedicated service and passion for building Rayovac into a true global player in the battery business," said Dave Jones, chairman and CEO. "We are also very pleased to have Scott join our board of directors. His years of experience and expertise will be an invaluable addition to our board, and we look forward to his leadership as we continue to grow the Rayovac brand and our business."
Rayovac is one of the world's leading battery and lighting device companies. The Company also markets the number one selling rechargeable brand of battery and is the world leader in hearing aid batteries. Rayovac trades on the New York Stock Exchange under the ROV symbol.
Thomas H. Lee Partners is Rayovac's primary shareholder, with 23% of shares outstanding.
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SOURCE Rayovac Corporation
Web site: http: //www.rayovac.com
CONTACT: John Daggett of Rayovac Corp., +1-608-275-4912