Small appliance maker Applica Incorporated announced that David M. Friedson has resigned his positions as chairman of the board and director of the company for personal reasons, effective immediately. Harry D. Schulman will become interim chairman while retaining his current title of president and CEO of Applica. The vacated board seat will remain empty at this time.
"On behalf of the Board of Directors and the employees of Applica, we would like to express our appreciation to David Friedson for his efforts on behalf of the Company over the past 28 years," Mr. Schulman said in a statement. "We wish David the best of luck in his future endeavors and thank him for his significant contributions."
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