Daniel Rajczak to Succeed Doug Gernert as President and CEO of totes-Isotoner

Feb 11, 2016, 09:57 ET from totes

CINCINNATI, Feb. 11, 2016 /PRNewswire/ --  totes»Isotoner, the world's largest marketer of umbrellas, gloves, slippers and other weather-related accessories, announced today that its Board of Directors has appointed Daniel S. Rajczak as its new President and Chief Executive Officer following the retirement of the Company's long-time President and Chief Executive Officer Douglas Gernert, effective February 8th.    

Dan Rajczak was previously President, North America and Chief Operating Officer at Shaklee Corporation, a manufacturer, marketer and direct seller of vitamins, cosmetics, personal care items, nutritional products and environmentally-friendly household cleaners.  Prior to Shaklee, Dan spent over 25 years at Procter & Gamble Company where he held numerous senior management positions across multiple product categories.  Doug Gernert, who is retiring as CEO after serving more than 20 years as Chief Executive Officer, will continue to be involved with the Company as a Board Member, advisor and shareholder.

"I am honored to be joining a global market leader such as totes»Isotoner," Dan Rajczak said.  "The Company's iconic brands, strong value proposition and culture of product innovation provides multiple points of differentiation across its product offerings and distribution channels.  I look forward to building upon the Company's many competitive advantages.  We plan to continue to drive innovation and offer unique and exciting products to our valued customers."

"On behalf of the entire Board of Directors, we are excited that someone of Dan's caliber and experience will be joining us to lead totes»Isotoner through its next phase of growth and future successes," Doug Gernert said.  "His impressive track record of leadership and his strategic vision, which includes dynamic product innovation across the consumer products industry, uniquely qualifies him for this role."

In 2014, totes»Isotoner was acquired by Freeman Spogli & Co., Investcorp and certain members of the senior management team.

About totes»Isotoner

totes»Isotoner Corporation, headquartered in Cincinnati, Ohio, is the world's largest marketer of umbrellas, gloves, slippers and other weather-related accessories.  totes»Isotoner has over 800 employees and, in addition to Cincinnati, has offices in New York, Toronto, London, Paris and Manila.  In 1997, totes and Isotoner merged to form the totes»Isotoner Corporation.  The Company offers quality products from two of the most recognized apparel brand names in the country.  For additional information, visit www.totes-isotoner.com.

About Freeman Spogli & Co.

Freeman Spogli & Co. is a private equity firm dedicated exclusively to investing in and partnering with management in consumer and distribution companies.  Since its founding in 1983, Freeman Spogli has invested $3.4 billion in 52 portfolio companies with aggregate transaction value of $20 billion.  Freeman Spogli has offices in Los Angeles and New York.  For additional information, visit www.freemanspogli.com.

About Investcorp

Investcorp is a leading provider and manager of alternative investment products and is publicly traded on the Bahrain Bourse (INVCORP). The Investcorp Group has offices in New York, Bahrain, London, Saudi Arabia, Abu Dhabi and Doha. Investcorp has three business areas: corporate investment in the U.S., Europe and the Gulf, real estate investment in the U.S and global hedge funds. As at June 30, 2015, the Investcorp Group had $10.6 billion in total assets under management ('AUM'), including assets managed by third party managers where Investcorp receives fees calculated on the basis of AUM. Further information, including our most recent periodic financial statements, which details our assets under management, is available at www.investcorp.com.


SOURCE totes