GNC financial chief and EVP Michael M. Nuzzo is exiting the company to take an executive position at a private equity funded consumer products company.
Nuzzo will remain with the company at least through July 18, which will include preparation of its second quarter earnings release and 10Q, both of which are expected to be issued on the normal schedule in late July or early August.
"Since joining us in 2008, Mike has been instrumental in leading the company through a number of growth initiatives, building the foundation for its transition to a public company, and instituting a disciplined capital structure,” said chairman, president and CEO Joe Fortunato. “I would like to thank Mike for his leadership and dedication, and wish him all the best in his new endeavor.”
"Following a great run of more than five years as GNC's CFO, I was presented with a unique career opportunity that will challenge me in new and different ways. I look forward to this new chapter in my career, and am confident the longevity and financial strength demonstrated by the GNC business model will enable it to attract another successful CFO," added Nuzzo.
The company intends to immediately commence a search for a new CFO.