Summary
Paramus-based Smart Balance Inc., maker of buttery spreads and cooking oil, said Thursday it will realign departments in a move the company said will save $2.7 million annually. Smart Balance also used the announcement of first-quarter earnings to report the retirement of its chief operating officer.
Robert Gluck, 60, who helped shepherd the acquisition of GFA Brands Inc. and its Smart Balance brand in May 2007, will stay with the company through the second quarter, said John Mintz, vice president for finance and investor relations.See the full content of this document
Extract
Reshuffling at Smart Balance to Save $2.7m
Gluck, who is also vice chairman, has been COO since summer of 2008 and initially served as chief financial officer. He w...
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