|[August 04, 2014]
Apothecary Products Augments Senior Leadership Team with New CEO, CFO and Head of Sales
BURNSVILLE, Minn. --(Business Wire)--
Apothecary Products Incorporated ("Apothecary" or the "Company"), a
leading innovator, manufacturer and distributor of consumer healthcare
products and pharmacy supplies, has announced the appointment of three
key hires for its leadership team: Nathan Hanson, President and CEO;
Darran Spence, CFO; and Jim O'Sullivan, Sr. Vice President of Sales.
Hanson, Spence and O'Sullivan bring extensive, collective consumer
products and results-driven sales, finance, marketing and management
experience to Apothecary. Hanson will also serve on Apothecary's Board
Founded in 1975 and led by its medication compliance line of products,
Apothecary is a privately-held company selling pharmaceutical and
consumer healthcare products to independent and chain pharmacies, food
and mass retailers, and distributors and wholesalers worldwide.
Apothecary offers its customers a one-stop-shop solution with unmatched
product breadth of both over-the-counter consumer health products and
behind-the-counter pharmacy supplies, spanning across three categories,
including pharmacy supply, medication management, and home healthcare.
Hanson most recently joins the Apothecary team from Oasis Brands
(Mercury Paper & Solaris Paper) where he was CEO and a Board Member. He
was instrumental in spearheading the vision and mission of the company
to redefine how tissue products are made and sold in the U.S., and
during his tenure as CEO, Oasis experienced significant business growth
and profitability improvements through the development and execution of
an end to end business plan, creation and launch of the Fiora brand,
development of the organization and teams, and focus on building
effective supplier and customer relationships. Prior to Oasis, Nathan
held senior marketing leadership positions at Pure Fishing and
Kimberly-Clark where he led various successful efforts, includng the
development of brands and new product development across North America
and Europe. Prior to Kimberly Clark (News - Alert), he served as Director of New
Business Initiatives at Gardetto's; Brand Director at Dr. Pepper/7Up;
and brand and product management roles with Miller Brewing and Gallo
Hanson graduated from the University of Minnesota with his BS in
Marketing & Management. He was also a Distinguished Military Graduate of
ROTC, and a Commissioned Officer in the U.S. Army decorated seven times
for meritorious service.
Hanson, stated, "I'm honored to join the Apothecary team, and I look
forward to working with Jim, Darran, our management team, and our
talented employees to continue building upon its success. Apothecary has
built a solid reputation, long-term customer relationships, category
leadership, and solid financial performance over the years. I am
confident that with the talent we are bringing in coupled with the
already strong team that we will be able to create value added
innovation that drives growth for our customers and helps consumers live
life a little easier and better."
Prior to joining Apothecary as CFO, Darran Spence worked as a consultant
with River Rock Partners in a variety of capacities, including helping
to lead acquisition integrations, strategic planning initiatives, and
growth strategies for improving overall profitability at businesses.
While at River Rock, she also provided interim CFO support for consumer
product companies. Spence also served as CFO for Airborne and The ADS
Group, and her earlier career includes progressive finance leadership
roles at CNS, General Mills, and The Pillsbury Company.
Spence earned her bachelor's degree from University of Southern
California and her MBA from University of Minnesota.
Rounding out the senior leadership team is Jim O'Sullivan, Sr. Vice
President of Sales, who most recently joins Apothecary from Designer
Protein, the originator of the whey protein category, where he was Sr.
Vice President of Sales. While there, he led the sales team, established
the organization, systems and processes needed to support growth, grew
the topline while gaining new distribution at major retailers including
CVS and Walgreens. Prior to Designer Protein, O'Sullivan held several
senior sales leadership roles at Airborne, Recycled Paper Greetings,
Schwan's Bakeries, and The Pillsbury Company.
O'Sullivan earned a BS degree in Finance from Northern Illinois
"Both Darran and Jim bring significant consumer product industry
experience and have demonstrated over the course of their respective
careers their individual ability to lead growth and profitability
improvement, provide leadership, and develop people. On behalf of the
entire Apothecary team, we are all excited to have them on board. I am
confident that the addition of these two individuals to a strong
leadership team and our committed, passionate employees position us for
future success and growth," Hanson continued.
Apothecary was acquired by Minneapolis-based investment firm Norwest
Equity Partners (NEP) in February 2014. The Burnsville, Minnesota-based
company employs 200 people, operates a manufacturing facility in St.
Charles, Michigan, and has several strategic manufacturing partners in
the U.S. and internationally. Please visit www.apothecaryproducts.com
to learn more.
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