Max Batzer to Join Summer Infant Board of Directors
Summer Infant (NASDAQ: SUMR), a global leader in premium juvenile products, today announced that Max Batzer, 68, has been elected as a director of the Company's Board of Directors and as a member of the Board's Strategic Planning and Nominating/Governance Committees, effective November 12, 2012. The election of Mr. Batzer to the Board brings the total number of directors to eight.
"Max will be a valuable asset to Summer's Board," said Jason Macari, Chairman of the Board of Directors and CEO. "He brings a wealth of experience from serving as a director for several public companies throughout his long-tenured career. We look forward to benefitting from his strong business acumen and solid financial background as we execute on our strategy to grow the business and build shareholder value."
Since 1999, Mr. Batzer has served as a Portfolio Manager at Wynnefield Capital, Inc. Prior to joining the firm, he was Chairman of the Board and CEO of Diagnostic Health Services since 1991. Mr. Batzer was a director at Cornell Companies and served on the Board's Governance and Nominating Committee from 2007 and as Chair of its Transaction Committee from its inception until the company was acquired by The Geo Group (NYSE: GEO) in 2010. From 1981 until 1988, he was director and executive committee member of Simmons Airlines, Inc., a publicly traded regional airline. From 1981 through 1991, Mr. Batzer was President of General Hide and Skin Corporation, a worldwide commodity trading organization. Mr. Batzer obtained an M.B.A. from the University of Arizona and a B.S. from the Wharton School at the University of Pennsylvania.
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