– USA, CA – Central Garden & Pet Company (NASDAQ: CENT, CENTA), a leading innovator, producer and distributor of branded and private label products for the lawn & garden and pet supplies markets, today announced that Brooks Pennington III (Sonny) has succeeded Bill Brown as Chairman of the Board. Brown will remain on the Board of Directors and continue to focus on higher-level strategic initiatives for the Company.
Pennington has been on Central Garden & Pet’s Board of Directors for 20 years and has been the Company’s Director of Special Projects since 2006. Prior to his current role, Pennington served as the President and CEO of Pennington Seed from 1994 to 2006 and has almost 40 years’ experience in the lawn and garden industry. Pennington Seed was acquired by Central Garden & Pet in 1998.
Bill Brown, founder of Central Garden and Pet, commented, “Sonny has been an important part of Central’s success and has been an invaluable partner in helping grow our Company. He knows our culture and business well and I am confident he will be a wonderful steward for the business, working with management to move Central forward in the future.” Brown continued, “As for me, I will continue on the Board of Directors and chair the Board’s Investment Committee – working on strategic initiatives to help grow Central in the years ahead.”
Pennington added, “Bill has been an inspiration to us all. Since he took Central public in 1993, the Company has grown revenues by a compounded annual average of 8% and net income by 13%.” Pennington continued, “We are fortunate to have a strong management team led by CEO George Roeth, a highly-engaged Board, and a dedicated and talented employee base. I look forward to collaborating with all of them as we move forward to continue to grow our Company organically and through acquisitions into the future.”
About Central Garden & Pet
Central Garden & Pet Company is a leading innovator, producer and distributor of branded and private label products for the lawn & garden and pet supplies markets. Committed to new product innovation, our products are sold to specialty independent and mass retailers. Participating categories in Lawn & Garden include: Grass seed and the brands PENNINGTON, and THE REBELS; wild bird feed and the brand PENNINGTON; weed and insect control and the brands AMDRO, SEVIN, and OVER-N-OUT; fertilizer and the brands PENNINGTON and IRONITE; and decorative outdoor patio products under the PENNINGTON brand. We also provide a host of other regional and application-specific garden brands and supplies. Participating categories in Pet include: Animal health and the brands ADAMS, COMFORT ZONE, FARNAM, HORSE HEALTH and VITAFLEX; aquatics and reptile and the brands AQUEON, CORALIFE, SEGREST and ZILLA; bird & small animal and the brands KAYTEE, Forti-Diet and CRITTER TRAIL; and dog & cat and the brands TFH, NYLABONE, FOUR PAWS, IMS, CADET, DMC, K&H Pet Products, PINNACLE and AVODERM. We also provide a host of other application-specific pet brands and supplies. Central Garden & Pet Company is based in Walnut Creek, California, and has approximately 4,200 employees, primarily in North America.
For more information : http://www.central.com
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