Small appliance maker Jarden Corp. named James E. Lillie chief executive officer, effective immediately. Former Jarden chairman and CEO Martin E. Franklin, will serve as executive chairman, overseeing corporate strategy, including growth initiatives, corporate culture, and philosophy.
As the new CEO, Lillie will be responsible for day-to-day operations of the business and will continue to work with Franklin and with Jarden Vice Chairman and Chief Financial Officer Ian Ashken to focus on driving consistent, profitable growth across all of Jarden's business segments.
Lillie will join the board of directors. All three executives will continue to operate under what has been known within the company as the Office of the Chairman.
"I want to congratulate Jim on his well-deserved promotion, and I look forward to continuing our long term relationship and working with him in this new capacity," said Mr. Franklin. "This change is part of the natural evolution of Jarden. Jim has been an integral part of Jarden's executive management team since joining the company in 2003 and I am confident that he is the right choice to drive the day-to-day operations of Jarden going forward."
Jarden announced in January 2011 its plan to split the chairman and CEO roles and promote Lillie, who joined the company in 2003 as chief operating officer and who became president and COO in 2004.
Jarden is a global consumer products company with a portfolio of over 100 brands sold in more than 100 countries. Its three primary business segments includes the Consumer Solutions business, with small appliance brands such as Bionaire, Crock-Pot, FoodSaver, Health o meter, Holmes, Mr. Coffee, Oster, Rival, Sunbeam, and others.
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