Business
Lakeland Industries, Inc. Announces Executive Leadership Changes
Appoints Christopher J. Ryan as Executive Chairman and Promotes Charles D. Roberson to Chief Executive Officer Company Moves Corporate Headquarters from New
About this update from Lakeland Industries, Inc.
[{"type":"text","content":"Appoints Christopher J. Ryan as Executive Chairman and Promotes Charles D. Roberson to Chief Executive Officer Company Moves Corporate Headquarters from New York to Alabama; Anticipates Annual Cost Savings of $150,000 RONKONKOMA, NY / ACCESSWIRE / January 29, 2020 / Lakeland Industries, Inc. (NASDAQ:LAKE) (the \"Company\" or \"Lakeland\"), a leading global manufacturer of protective clothing for industry, healthcare and to first responders on the federal, state and local levels, today announced changes to its executive management team and the relocation of the Company's corporate headquarters.Christopher J. Ryan, Lakeland's Chief Executive Officer since 2003, has been appointed by the Company's Board of Directors to the newly created position of Executive Chairman, while Charles D. Roberson, Lakeland's Chief Operating Officer since 2019 and a member of the Company's management team since 2004, will succeed Mr. Ryan as CEO, effective February 1, 2020. Mr. Roberson will, concurrently, be appointed to the Company's Board of Directors, bringing the total membership to six. The COO position will remain vacant for the time being, as the Company evaluates the need for this post. John Kreft, the Company's Chairman since 2016 and Board member since 2004, will remain on the Board and continue as the Lead Independent Director and Audit Committee Chairman. Compensation and employment agreement details related to these changes will be available in the Company's 8-K filing with the Securities & Exchange Commission.Commenting on the new executive leadership structure, Chairman Kreft stated, \"We congratulate Chris and Charlie on their new roles within Lakeland. Both have been instrumental to Lakeland's success across the PPE industry and have demonstrated unparalleled leadership within our organization. While Chris takes on a new role for Lakeland, he ascends from his position as CEO after serving the Company for a total of 35 years. Since his initial involvement through a venture investment in 1984 - stock that he continues to hold to this day, while adding to his stake to become the single largest individual investor in the Company - Chris has been the architect of Lakeland's global expansion, resulting in our numerous domestic and international market-leading positions. We are grateful for his many contributions and stewardship over three a...