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March 1, 2011 - Smithers-Oasis
Company, a global manufacturer and marketer of floral foam, floral accessories,
postharvest products, and grower media headquartered in Cuyahoga Falls, Ohio,
today announced the transfer of majority ownership of the company from Charles
Walton to a team of internal global senior managers, effective immediately.
Walton,
who has been with Smithers-Oasis Company for 35 years and has served as its Chairman
for the past 24 years, acquired the Smithers’ family interest in the company in
1986. He will remain Chairman of the Board of Directors and will continue to
support the management team in terms of strategy, direction and growth of the
company.
Robin
Kilbride, who has been with Smithers-Oasis Company for 27 years and has served
as its President for the past five years, assumes the new role of President and
CEO.
“Today’s
announcement is the culmination of a number of years of succession planning
that stabilizes the company’s future for the next generation, keeping it
managed by those individuals who know it best and have decades of combined
experience with Smithers-Oasis. This management team is committed to serving
our stakeholders and our customers around the world with the same high levels
of service, quality and innovation,” Walton said.
Smithers-Oasis
is a private company and details of the sale transaction are not being
disclosed.
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