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4-Traders Homepage  >  Equities  >  Nyse  >  GNC Holdings Inc    GNC

End-of-day quote. End-of-day quote  - 09/26
9.37 USD   +1.08%
09/11 GNC : Grants CEO Ken Martindale Inducement Awards Pursuant To NYSE R..
09/06DJGNC Picks Rite-Aid Stores Chief as New CEO
09/06 GNC : names Ken Martindale CEO
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GNC : Names Ken Martindale Permanent CEO

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09/14/2017 | 07:52pm CEST

By a News Reporter-Staff News Editor at Marketing Weekly News -- GNC Holdings, Inc. (NYSE: GNC) (the "Company"), a leading global specialty retailer of health and wellness products, announced that its Board of Directors has appointed Ken Martindale Chief Executive Officer.

Martindale succeeds interim CEO Bob Moran, who has been elected Non-Executive Chairman of the GNC Board and will work closely with Martindale to ensure a smooth leadership transition and continued execution of GNC's successful transformation plan. As part of the transition, Michael F. Hines will step down as Chairman, but will remain on the Board. These changes are effective September 11.

Martindale most recently served as CEO of Rite Aid Stores and President of Rite Aid Corporation, where he was instrumental in leading the company's transformation, including the roll out of a new store format and an expansion of the company's loyalty program.

"Ken is a proven leader with deep retail expertise, intimate knowledge of our business through his years of leadership with our partner, Rite Aid, and a record of success in transforming retail business models," said Hines. "I want to thank Bob for stepping in as interim CEO and for putting GNC on the right path. I am confident that Ken, with the support of the talented GNC team, Bob and the rest of the Board, will continue to deliver improved performance and drive value for shareholders."

"It has been a pleasure to serve as GNC's interim CEO," said Moran. "I'm proud of what we've accomplished so far and look forward to working with Ken and the team as we continue to leverage the strengths and advantages inherent in our model, improve the customer experience and make progress toward our goal of delivering meaningful, profitable growth."

Martindale said, "I have a deep admiration for GNC, the tremendous brand they've built and, in particular, the successful work they're doing to fundamentally transform the business model. I'm excited to work with Bob and the team to build on the momentum they've created."

Martindale joined Rite Aid Corporation in December 2008 as Senior Executive Vice President of Merchandising, Marketing and Logistics and was named Senior Executive Vice President and Chief Operating Officer in 2010. In June 2013, he was promoted to President and Chief Operating Officer and took on the additional role as CEO of Rite Aid Stores in August 2015. Prior to joining Rite Aid, he was Co-President, Chief Merchandising and Marketing Officer for Pathmark Stores, Inc.

Keywords for this news article include: Marketing, Advertising, GNC Holdings Inc..

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2017, NewsRx LLC

(c) 2017 NewsRx LLC, source Business Newsletters

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Financials ($)
Sales 2017 2 478 M
EBIT 2017 204 M
Net income 2017 94,5 M
Debt 2017 1 290 M
Yield 2017 -
P/E ratio 2017 6,92
P/E ratio 2018 6,94
EV / Sales 2017 0,78x
EV / Sales 2018 0,73x
Capitalization 635 M
Chart GNC HOLDINGS INC
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GNC Holdings Inc Technical Analysis Chart | GNC | US36191G1076 | 4-Traders
Technical analysis trends GNC HOLDINGS INC
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TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 9
Average target price 10,4 $
Spread / Average Target 13%
EPS Revisions
Managers
NameTitle
Kenneth A. Martindale Chief Executive Officer
Robert F. Moran Non-Executive Chairman
Joseph C. Gorman Executive Vice President-Operations
Tricia K. Tolivar Chief Financial Officer & Executive Vice President
Michael F. Hines Director
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