Asali Named Director of Spectrum Brands
July 6, 2011,
MADISON, Wis.-Omar Asali has joined the board of directors of Spectrum Brands Holdings, parent of the Remington men's-shaver brand and of the George Foreman, Black & Decker, Toastmaster and Littermaid housewares brands.
Asali has also been elected vice chairman of Spectrum's board. As a director, he has succeeded Robin Roger, who resigned as a Spectrum director and member of the Nominating and Corporate Governance Committee yesterday. He was named acting president of Harbinger Group, part of Harbinger Capital Partners, on June 30.
In addition, the board has elected David Maura chairman of the Spectrum board. Maura, vice president and director of investments at Harbinger, joined the Spectrum board in June 2010, and had been serving as interim chairman.
Harbinger Capital Partners holds about a 63.7 percent stake in Spectrum, which it acquired last year as a result of the merger between Spectrum and Russell Hobbs, the former Salton Inc., which Harbinger owned. The merger brought the George Foreman, Black & Decker, Toastmaster and Littermaid brands under the Spectrum portfolio.