Checkpoint Systems, Inc. Appoints New Independent Director; Announces the Retirement of Board Member R. Keith Elliott
January 07 2016 - 4:15PM
Business Wire
Checkpoint Systems, Inc. (NYSE:CKP) announced today that it has
appointed Daniel R. Maurer to its Board of Directors, effective
immediately.
Stephen David, Chairman of the Board commented, "We are pleased
to have Dan as a new member of the Board. In line with our previous
communications about Board refreshment and shareholder engagement,
we have conducted a thorough process with recommendations from
multiple sources including shareholders, an independent executive
search firm, management, and the Board. The Board considers Mr.
Maurer to be an exceptional addition to our Board with particular
expertise in technology, strategy, and operations.”
Mr. Maurer has served as senior executive and has a history of
generating top and bottom line growth, domestically and
internationally. Mr. Maurer’s distinguished career includes a
variety of leadership roles, most recently at Intuit as a Senior
Vice President leading the $800 million Small Business Solutions
Group. Prior to Intuit, Mr. Maurer was Vice President of Strategy
at Campbell Soup Company, and worked more than 20 years at Procter
& Gamble. Mr. Maurer currently serves on the Board of Zagg,
Inc., a mobile accessory solutions provider, serving as the Chair
of the Compensation Committee and a member of the Audit Committee.
He also serves on the Board of CNO Financial Group, Inc., serving
as a member of the Human Resources and Compensation Committee.
Simultaneously, the Company is announcing the retirement of R.
Keith Elliott from its Board of Directors, effective January 6,
2016. Mr. Elliott has been a director of Checkpoint Systems since
2000 and his term was due to expire at the 2016 annual meeting. His
decision to retire is not the result of any dispute or disagreement
with the Company on any matter relating to the Company's
operations, policies or practices.
"On behalf of Checkpoint Systems and its shareholders, I wish to
thank Keith for his many years of service to the Company. Keith has
served in various roles including Board Chairman, Lead Director and
Chair of the audit, governance, and compensation committee. Keith
has contributed in countless ways during his tenure," said
Steve David, Chairman of Checkpoint Systems.
Checkpoint Systems, Inc.
Checkpoint Systems is a global leader in merchandise
availability solutions for the retail industry, encompassing loss
prevention and merchandise visibility. Checkpoint provides
end-to-end solutions enabling retailers to achieve accurate
real-time inventory, accelerate the replenishment cycle, prevent
out-of-stocks and reduce theft, thus improving merchandise
availability and the shopper’s experience. Checkpoint's solutions
are built upon 45 years of radio frequency technology expertise,
innovative high-theft and loss-prevention solutions, market-leading
RFID hardware, software, and comprehensive labeling capabilities,
to brand, secure and track merchandise from source to shelf.
Checkpoint's customers benefit from increased sales and profits by
implementing merchandise availability solutions, to ensure the
right merchandise is available at the right place and time when
consumers are ready to buy.
For more information, visit www.checkpointsystems.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160107006335/en/
Checkpoint Systems, Inc.James M. Lucania, 856-384-2480
Checkpoint (NYSE:CKP)
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