Carlyle Group Gives NBTY Helm To Former Coca-Cola Executive Cahillane
This article was originally published in The Tan Sheet
Steven Cahillane, who left his post as president of Coca-Cola Co.’s Americas division in 2013, is moving to NBTY to replace Jeffrey Nagel after the supplement manufacturer and retailer reported flat sales for its most recent earnings period and after net income dropped nearly 12% during the firm’s previous fiscal year.
You may also be interested in...
NBTY Pegs Sports Nutrition To Help Offset Private Label Slump
NBTY prioritizes development of sports nutrition products and wants to broaden the category as it increases its focus on branded sales due to competitive pressure in the private label space.
NBTY Agrees To $2.1M Settlement With FTC For False DHA Claims
The Federal Trade Commission's ongoing crackdown on "bogus" health claims leads to a $2.1 million settlement with NBTY and two subsidiaries to resolve charges they overstated the amount and benefit of DHA in children's multivitamins.
NBTY Appoints GE Vet To Succeed CEO Rudolph
Newly private NBTY replaces long-time CEO Scott Rudolph with Jeffrey Nagel, a company outsider and supplement industry newcomer.