Michael A. Zeher, a 35-year veteran of the health and personal care sector, most recently served as President and Chief Executive Officer of Nutritional Laboratories International, Inc. Prior to joining Nutritional Labs, Mr. Zeher was President and Chief Operating Officer of Pharmaceutical Formulations, Inc., a publicly-traded contract manufacturer of over 100 different types of solid-dose branded and private label over-the-counter pharmaceutical products. He also led the integration and growth of the company’s branded division platform, Konsyl, Inc., a premium marketer of OTC and nutraceutical products in the digestive health category. He has also served as President and Chief Executive Officer of Lander Co., Inc., a privately-held global manufacturer and marketer of personal care products. Earlier in his career Mr. Zeher held various management positions of increasing responsibility at industry leaders such as Johnson & Johnson and Marion Merrill Dow. Mr. Zeher is a graduate of Old Dominion University with a Bachelor of Arts degree in Business Administration.
"I am delighted to join the team at Nutrition 21," said Mr. Zeher. "I believe this company is uniquely positioned to grow into a thriving and profitable business providing products to support active, healthy lives and improved cognitive function. Nutrition 21 has a history of developing efficacious products by effectively combining research, biotechnology, and strategic marketing partnerships. We will look to leverage that tradition with a strong corporate structure, financial discipline, a vision dedicated to taking this company to the next level of its development, and in creating sustainable shareholder value."
"Nutrition 21 is indeed fortunate to introduce Mike Zeher as its new President and Chief Executive Officer," said John Gutfreund, Chairman of the Board of Directors of Nutrition 21, Inc. "Mike's extensive experience in the nutritional supplement industry will enable him to set a clear course for the Company in the future. Mike also knows well how to manage and motivate a small, entrepreneurial organization to get the maximum value out of every employee. Under his leadership, the Board fully expects that the Company will enjoy renewed growth, both in revenues and in profits."
Peter Mann, a member of Nutrition 21’s Board of Directors added, "I would like to take this opportunity to publicly thank Mike Fink and Gerry Butler for the exceptional job they have done as interim Co-CEO's. Mike and Gerry arrived on the job in late March 2008 and immediately set the Company on a new and exciting path. Under their leadership, Nutrition 21 is now focused on delivering positive EBITDA while continuing to grow top-line revenues in its key business segments. We are all deeply grateful for their contributions. Mike and Gerry will continue as executive officers in their new positions as Co-COOs and will work closely with Mike Zeher in his new position as President and CEO. I am also delighted that Mike Zeher is joining NXXI. I have known Mike for many years, and he is an individual with exceptional values and uniquely strong character. "
Nutrition 21, Inc. (NASDAQ: NXXI), headquartered in Purchase, NY, is a nutritional bioscience company and the maker of chromium picolinate-based and omega-3 fish oil-based supplements with health benefits substantiated by clinical research. Nutrition 21 holds more than 30 patents for nutrition products and uses. Nutrition 21’s portfolio of health and wellness brands include: Chromax, Core4Life Advanced Memory Formula, Diabetes Essentials, Iceland Health Maximum Strength Omega-3 and Iceland Health Joint Relief. The company also manufactures private label supplements and ingredients for third parties. Nutrition 21 distributes its products nationally through more than 29,000 major food, drug and super center retailers as well as internationally.