Lillie Upped to CEO of Jarden; Franklin Becomes Executive Chairman
June 14, 2011,
RYE, N.Y.-Jarden Corp. has promoted James Lillie, president and chief operating officer, to CEO, making official its plan to split the chairman and CEO roles as it had announced in January.
Martin Franklin, who had been chairman and CEO, has now assumed the post of executive chairman. Lillie is in charge of the company's day-to-day operations, while Franklin oversees corporate strategy, including growth initiatives, corporate culture and philosophy. Both executives work with Ian Ashken, vice chairman and chief financial officer, under a new Jarden entity called Office of the Chairman.
In the statement, Franklin said the moves are "part of the natural evolution of Jarden. Jim has been an integral part of Jarden's executive management team since joining the company in 2003." Franklin also said he remains "committed to the company's success as ever in the future."
Other Articles By Author
Patti Carpenter Talks Color and its Importance in the Home
HFN's DIGITAL EDITION
COVER STORY: Sharpening the Focus on Millennials
Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.
ALSO IN THIS ISSUE:
- Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
- Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.