Kid Brands, Inc. Announces Resignation of Raphael Benaroya as Chairman, Chief Executive Officer and President
June 24, 2014 at 05:16 pm EDT
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Kid Brands, Inc. announced the resignation of Raphael Benaroya, the Chairman, Chief Executive Officer and President of the company citing good reason, as that term is defined in his employment agreement dated March 14, 2013. The company and Mr. Benaroya determined to terminate their relationship on mutually agreed terms. Effective as of June 18, 2014, Mr. Benaroya resigned from his position as Chief Executive Officer and President of the company and as Chairman of the company's board of directors.
Kid Brands, Inc. (Kid Brands) is engaged in the design, development and distribution of infant and juvenile consumer products. The Company operates in one segment: the infant and juvenile business. The Company, through its wholly owned operating subsidiaries: Kids Line, LLC (Kids Line); LaJobi, Inc. (LaJobi); Sassy, Inc. (Sassy), and CoCaLo, Inc. (CoCaLo), designs and markets products in a number of categories including, infant bedding and related nursery accessories and decor, nursery appliances, diaper bags, and bath/spa products (Kids Line and CoCaLo); nursery furniture and related products (LaJobi); and developmental toys and feeding products, and bath and baby care items with features that address the various stages of an infantâs early years, including the Kokopax line of baby gear products (Sassy).