MATAWAN, N.J., Sep 7, 2004 (BUSINESS WIRE) -- PacificHealth Laboratories, Inc. (PHLI), an innovative nutrition technology company, announced today that David Mastroianni has been named to the positions of President and Chief Executive Officer of the Company, effective September 1, 2004. Dr. Robert Portman will remain as Chairman of the Board and is also being named to the newly created position of Chief Scientific Officer of PacificHealth.
Mr. Mastroianni, who has a B.S. in Nutritional Science from The University of Arizona and has worked in this field since graduating in 1981, held various executive positions for Weider Nutrition, a major branded consumer nutrition products company, from 1991 to 1998 including his last responsibility there as Executive Vice President of Sales and Marketing. During this time, Weider grew its revenues from $47 million to over $320 million and executed a successful IPO in May 1997. From 1999 to 2003, Mr. Mastroianni was President of Unicity Network (created from the merger of Enrich International and Rexall Showcase), a global network marketing division of Royal Numico, where revenues increased from $118 million to over $300 million during that time. Unicity sold and distributed nutritional and personal care products through independent distributors worldwide. Most recently, Mr. Mastroianni was President of NaturalGrowth, a company he founded to consult with senior management of natural health companies in developing all aspects of their business.
Mastroianni commented, "I am very enthusiastic about the opportunity to join PacificHealth and lead the Company to future growth and success. All of the elements are already in place: patented, innovative products that have been scientifically proven to improve performance in world class athletes as well as in weekend warriors; an outstanding management team; and increased consumer awareness of the vital role nutrition plays in sports performance. My goal is to further PacificHealth's leadership position in the nutrition marketplace."
Dr. Portman, Chief Executive Officer and Chairman since PacificHealth's inception in 1995, commented, "David Mastroianni will be a welcome addition to the PacificHealth management team. His track record as a leader in product and brand development, in both small and large organizations in our specialized field, as well as his entrepreneurial mindset, make him a perfect fit at PacificHealth."
About the Company:
PacificHealth Laboratories, Inc., Matawan, NJ, was founded in 1995 to develop and commercialize functionally unique nutritional products for sports nutrition, weight loss and Type 2 diabetes. To learn more about PacificHealth Laboratories, Inc., visit www.pacifichealthlabs.com.
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