GLEN
ALLEN, Va., Jan. 26,
2023 /PRNewswire/ -- Hamilton Beach Brands
Holding Company (NYSE: HBB) today announced that Sally M. Cunningham has been appointed Senior
Vice President, Chief Financial Officer, effective March 17, 2023. Ms. Cunningham will be a member
of the Company's Executive Committee and report to Gregory H. Trepp, President and Chief Executive
Officer. She will join the Company on February 13, 2023,
initially as Senior Financial Advisor.
As previously announced, effective January 13, 2023, the Board of Directors
appointed Linda J. Woermer, Senior
Director, Corporate Controller of Hamilton Beach Brands, Inc., as
principal financial officer and principal accounting officer of the
Company, on an interim basis, in conjunction with the resignation
of CFO Michelle O. Mosier. Ms.
Woermer's appointment will remain in effect through the filing of
the Company's Annual Report on Form 10-K for the year ended
December 31, 2022, with Ms.
Cunningham assuming those roles effective March 17, 2023.
Ms. Cunningham most recently served as a Finance Operating
Partner with the private equity firm One Rock Capital Partners.
Prior to that, she served as Senior Vice President and Chief
Financial Officer at Synalloy Corporation, which is now known as
Ascent Industries Co. Before that, she served as Vice
President of Finance at ICF International, a technology services
provider, and held various finance roles at Genworth and Cadmus
Communications.
Mr. Trepp said, "We are delighted to welcome Sally to our
leadership team and strong finance organization. Sally is an
accomplished senior finance leader who also brings a strong track
record in value creation, digital transformation, and M&A
integration. We expect to benefit significantly from Sally's
breadth and depth of experience as we continue to invest in our
long-term growth strategy and create value for all of our
stakeholders."
Ms. Cunningham said, "I am excited to join the Hamilton Beach
Brands team at a time of great opportunity for the Company and the
small kitchen appliances industry. I believe the Company is very
well positioned to continue expanding its brands and product
offerings as it continues to make progress with its strategic
initiatives to increase revenue, drive margin expansion and
generate strong cash flow over time."
Ms. Cunningham began her career in auditing with Arthur Andersen
LLC. She is a Certified Public Accountant and holds a B.B.A. in
accounting from the College of William &
Mary and a M.B.A. from the University
of Richmond.
As CFO, Ms. Cunningham will lead all of the Company's financial
functions, including Accounting, Financial Planning and Analysis,
Financial Reporting, Treasury, Tax, and Investor Relations.
About Hamilton Beach Brands Holding Company
Hamilton Beach Brands Holding Company operates through its
wholly owned subsidiary Hamilton Beach Brands, Inc., a leading
designer, marketer, and distributor of a wide range of branded
small electric household and specialty housewares appliances, as
well as commercial products for restaurants, fast food chains,
bars, and hotels. The Company's owned consumer brands include
Hamilton Beach®, Proctor Silex®, Hamilton
Beach Professional®, Weston®,
TrueAir®, Brightline® and Hamilton Beach
Health®. The Company's owned commercial brands include
Hamilton Beach Commercial® and Proctor Silex
Commercial®. Hamilton Beach Brands licenses the brands
for Wolf Gourmet® countertop appliances, CHI®
premium garment care products, Clorox® air purifiers,
and Brita® countertop water appliances. Hamilton Beach
Brands markets and distributes the Bartesian® premium
cocktail delivery system through an exclusive multiyear agreement.
Hamilton Beach Brands has entered the home medical market through a
multiyear agreement with HealthBeacon plc and is the exclusive
marketer and distributor of a smart Injection Care Management
System in the U.S. and Canada
under the new owned brand name Hamilton Beach Health®.
For more information about Hamilton Beach Brands Holding Company,
visit hamiltonbeachbrands.com.
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SOURCE Hamilton Beach Brands Holding Company