BOULDER, Colo., July 26, 2001 (PRIMEZONE) -- Hauser, Inc. (OTCBB:HAUS) today announced the appointment of Thomas W. Hanlon as chief financial officer. He replaces Terry Feit who served as Vice President and Secretary/Treasurer.
Mr. Hanlon, 52, has more than 26 years of financial management experience. Prior to joining Hauser, Mr. Hanlon served as chief financial officer and/or controller for a number of companies, including American Security Distribution, Young's Specialty Distributing, B.U.M. International, Jet Apparel, Advanced Research Laboratories and Pacific Supply Company. Earlier, he was financial vice president, controller and corporate secretary of Cardis Corporation. Mr. Hanlon is a Certified Public Accountant and began his financial career with Ernst and Young. He earned a bachelor degree in accounting from Cleveland State University.
Kenneth Cleveland, president and chief executive officer, said, "Tom bolsters our senior management team and brings to Hauser excellent leadership and broad management experience. He is a seasoned professional, having worked as a turnaround specialist and financing and planning strategist, as well as substantive roles in improving both profitability and capital structure of businesses. We look forward to Tom's insights at this pivotal and exciting juncture as we advance our efforts to return Hauser to profitability."
Hauser, a Customer Connected(SM) company headquartered in Boulder, Colorado, is a leading supplier of herbal extracts and nutritional supplements. The Company also provides interdisciplinary laboratory testing services, chemical engineering services, and contract research and development. The Company's products and services are principally marketed to the pharmaceutical, dietary supplement and food ingredient businesses. Hauser's business units include: Botanicals International Extracts, Hauser Laboratories, Shuster Laboratories and ZetaPharm.