Jarden Appoints CEO and Executive Chairman

Jarden Corporation announces that James E. Lillie is named Chief Executive Officer, effective immediately. Martin E. Franklin, formerly Chairman and Chief Executive Officer of Jarden Corporation, will serve as Executive Chairman, overseeing corporate strategy, including growth initiatives, corporate culture and philosophy.

 

As Chief Executive Officer, Lillie will be responsible for managing the day-to-day operations of the business and will continue to work with Franklin and Ian Ashken, Jarden's Vice Chairman and Chief Financial Officer, to focus on driving consistent, profitable growth across all of Jarden's business segments. In addition, Lillie will be joining the Board of Directors. All three executives will continue to operate under what has been known within the company as the Office of the Chairman.

 

The Company announced in January 2011, its plan to split the Chairman and Chief Executive Officer roles and promote Lillie, who joined the company in 2003 as Chief Operating Officer and who became President and COO in 2004. Previously, Lillie served as Executive Vice President of Operations at Moore Corporation, Limited, a diversified commercial printing and business communications company, and as Executive Vice President of Operations at Walter Industries, Inc., a Kohlberg, Kravis, Roberts & Company ("KKR") portfolio company. Prior to that, Lillie held a succession of senior level management positions across a variety of disciplines including human resources, manufacturing, finance and operations at World Color, Inc., another KKR portfolio company.