Vitacost.com, Inc. Announces Industry Veteran Joins Board of Directors and Signs Consulting Agreement
03 8월 2010 - 9:00PM
Business Wire
Vitacost.com, Inc. (NASDAQ: VITC), a leading online retailer and
direct marketer of health and wellness products, today announced
Jeffrey J. Horowitz, the founder and former Chief Executive Officer
of Vitamin Shoppe, Inc., was appointed to the Board of Directors
effective immediately. In addition, Mr. Horowitz has agreed to
provide consulting services to Vitacost.com, related to the
execution of the Company’s business plan and strategy, for a term
of six months.
“We are extremely pleased to have such a seasoned leader and
visionary in the health and wellness industry join our Board and
serve as an active consultant to the Company,” stated Ira Kerker,
Vitacost.com’s Chief Executive Officer. “We believe Jeff’s
knowledge, insight, and hands-on approach to execution will be
invaluable as we work together to improve Vitacost.com’s operating
and financial performance.”
Mr. Horowitz founded Vitamin Shoppe, Inc. in 1977 and oversaw
the retail expansion from one store in 1977 to over 200 stores in
11 states. In addition, Mr. Horowitz greatly expanded the Company’s
online presence beginning in 1998 with the launch of
VitaminShoppe.com.
“I am excited to join Vitacost’s Board and look forward to
working with the Company’s Board of Directors and executive team in
my consulting role,” commented Jeffrey Horowitz. “I believe that
Vitacost is well positioned to expand its leadership position in
online health and wellness and I am excited to leverage my many
years of operational experience in this industry.”
The new Board of Directors, which was recomposed on July 21,
2010, is conducting a review of operations to identify and
introduce changes to the Company's business plan and operating
strategy to improve the Company's long-term financial
performance.
About Vitacost.com, Inc.
Vitacost.com, Inc. (NASDAQ: VITC) is a leading online retailer
and direct marketer of health and wellness products, including
dietary supplements such as vitamins, minerals, herbs or other
botanicals, amino acids and metabolites, as well as cosmetics,
organic body and personal care products, sports nutrition and
health foods. Vitacost.com, Inc. sells these products directly to
consumers through its website, www.vitacost.com, as well as through
its catalogs. Vitacost.com, Inc. strives to offer its customers the
broadest product selection of healthy living products, while
providing superior customer service and timely and accurate
delivery.
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