Salton, Inc. Appoints Senior Financial Officer, CFO Retires
Oct 7, 2002
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Salton, Inc. announced today that David M. Mulder, executive vice president and chief administrative officer, will assume the additional title and responsibilities of senior financial officer, effective immediately. Mr. Mulder will continue to report directly to William B. Rue, president and chief operating officer.

Mr. Mulder assumes these duties from John E. Thompson, senior vice president and CFO, who announced his plans to retire from the company. Mr. Thompson has agreed to assist the company for an interim period to ensure a smooth transition.

Leonhard Dreimann, CEO of Salton, stated, "Since joining the company in March, Dave has quickly become an integral part of our executive team. With his additional role as Senior Financial Officer, Salton will continue to benefit from his extensive financial and managerial expertise."

Mr. Mulder joined Salton, Inc. in March 2002 as executive vice president and chief administrative officer. In this position, he has been responsible for overseeing corporate finance, as well as U.S. operations, information technology, and human resources. Prior to joining the company, Mr. Mulder served as chief financial and administrative officer of KoSa, a U.S. $3-billion international manufacturing company in Houston, TX, U.S. Prior to that, he held a number of senior level positions at Georgia-Pacific Corporation, a $24-billion consumer products, pulp, paper and building products company and Fruit of the Loom, a $2-billion consumer products company. Mr. Mulder's most recent position at Fruit of the Loom was corporate executive vice president and CEO of their European division. Mr. Mulder holds an MBA from Duke University.

John E. Thompson has been CFO and senior vice president of Salton, Inc. since January 1999. Since 1987, Mr. Thompson served as executive vice president, CFO, Treasurer, and director of Toastmaster Inc., which was acquired by Salton in January 1999. From 1970 to 1987, Mr. Thompson served in several capacities at Toastmaster, Inc.

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