Varakian to Lead Lifetime Cutlery, Cookware Divisions

LTB NEW LOGOGARDEN CITY, N.Y.-Former Nambe President Bob Varakian has joined Lifetime Brands as group president over its cutlery/cutting boards and cookware/bakeware divisions.

Varakian will assume his new role on Jan. 6 and will report to Jeffrey Siegel, chairman and CEO of Lifetime Brands. In addition, Stephen Spitz has been promoted to president of the cutlery/cutting boards division, effective immediately. Since joining Lifetime Brands in 2005, Spitz has held various positions, including the most recent position of senior vice president and chief marketing officer for the cookware, cutlery and bakeware divisions. Spitz will report to Varakian.

Varakian has more than 25 years of experience in the housewares industry. Prior to serving as CEO and president of Nambe, Varakian was CEO and president of Catalina Lighting, president and founder of Lectrix, and president of EKCO Housewares (a division of Ekco Group).

"We are pleased Bob is joining the Lifetime Brands family," Siegel said. "He is well respected in the industry, has excellent credentials, and possesses a robust background in management, marketing, product development, sales, manufacturing and sourcing. Bob's proven track record and strong leadership skills will be valuable assets to the cutlery/cutting boards and cookware/bakeware divisions. We look forward to working with Bob to solidify Lifetime's position as an industry leader and to expand our businesses globally."

About Spitz, Siegel added, "Steve has made significant contributions to the company, expanding the reach of our brands across multiple retail channels, and driving innovation in the cutlery, cutting board, and bakeware categories. His wealth of knowledge and industry experience is invaluable. I am confident Steve will continue to be instrumental in the ongoing success of the cutlery/cutting boards division in his new role as division president."

Varakian said, "I look forward to joining Lifetime Brands. I have known the Siegels for a long time and they have done an outstanding job in building a tremendous business. It will be exciting to join their excellent group of executives, and I hope to contribute to their continued success. Bob Reichenbach [who passed away earlier this month] did an outstanding job and I will attempt to continue the momentum that he developed. I am proud of what we accomplished at Nambe. I leave behind many friends and I wish them nothing but the best."

It was unknown at press time whether Nambe has named a successor to Varakian.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

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