GNC Holdings Inc., a leading global specialty retailer of nutritional products, today announced changes to its Board of Directors. Joseph Fortunato, the President and Chief Executive Officer of GNC, has been elected to serve as the Chairperson of the Board. Mr. Fortunato succeeds Norman Axelrod, who has resigned as Chairperson and as a member of the Board, positions Mr. Axelrod has held since March 2007. The Board has also appointed Michael Hines to serve as lead independent director.
"We would like to thank Norman for his distinguished service as Chairperson," said Mr. Fortunato. "Norman's strong and dedicated leadership has been instrumental in guiding the company through a pivotal transition period, including a successful IPO, and in shaping the strategic vision that has positioned GNC for continued growth in the near and long-term future. We wish him all the best in his continuing endeavors."
GNC expects to announce a replacement for Mr. Axelrod on the Board shortly.