Board of Directors
DAN ALMAGOR, Chairman of the Board
Mr. Almagor was appointed Chairman of the Board in January 2013. He has served as a director since November 2009, and is a consultant and private investor. He recently served on the Board of Directors of JAKKS Pacific, Inc., a publicly traded multi-line, multi-brand toy company, and was the Chairman of its Audit Committee, Chairman of its Governance and Nominating committee and a member of its Compensation Committee. From 1999 to 2005, Mr. Almagor was the Chairman and CEO of ACG International, a $3 billion private equity fund and affiliate of Bank One, where he was involved in formulating deal terms for investments and in the sourcing of high quality investment opportunities. From 1996 to 1998, he was the Chairman and Chief Executive Officer for ID B.V. From 1993 to 1996, he was the President and Chief Executive Officer for Kushi Foods, a position he accepted after being Managing Partner and Director for American Consulting from 1989 to 1993. At American Consulting he was responsible for business strategy and served as advisor to Fortune 1000 boards. Prior to 1989 Mr. Almagor held high level positions with RJR Nabisco, General Kinetics and Peelle. Mr. Almagor has also authored "Business Visions, A Practical Guide for Strategic Decisions and Shareholder Value Creation." Mr. Almagor received a B.S. in mechanical and industrial engineering from SUNY.
CAROL BRAMSON, Chief Executive Officer and President
Ms. Bramson has been Summer Infant's Chief Executive Officer and President since February 2014. She has been a director on Summer Infant’s board since July 2012. Prior to joining Summer Infant, Bramson was Managing Director of 212 Equity Management, LLC, a private investment firm that she founded in 2010 focused on the healthy living sector. She has more than 25 years of experience building strong businesses in a variety of industries. Her private equity experience began in 1988 with Essex Venture Partners (now Essex Woodlands Health Ventures), a healthcare venture capital firm founded in Chicago, and joined Banc One Equity Capital (formerly First Chicago Equity Capital) in 1992, where she became a Partner with responsibility for all phases of the investment process. In 2001, Bramson founded TBG Capital, LLC , which provided equity capital and advisory services to companies to facilitate start-up, growth and/or acquisitions. In addition to direct equity investments, Bramson has provided on-going industry, financial, and strategic advisory services to several organizations in the consumer products, wealth management and specialty chemicals sectors. In addition to serving on the Summer Infant board since 2012, Bramson is currently a board member of the private company, White Cloud Nutrition LLC. She holds a B.S. in Finance (with honors) from DePaul University and an MBA from The University of Chicago.
MARTIN FOGELMAN, Director
Martin Fogelman became a member of Summer Infant's Board of Directors upon consummation of the acquisition. Since April 2003, Mr. Fogelman has been an independent consultant to the baby products industry. From 1983 to March 2003, he was Senior Vice President and General Merchandise Manager of both Toys R Us, a leading retailer of children's toys, and Babies R Us juvenile products division, a leading retailer of products for infants and toddlers. Mr. Fogelman is a graduate of the University of Buffalo.
JASON MACARI, Director
Mr. Macari became a member of Summer Infant's Board of Directors upon consummation of the acquisition in March 2007. He was chairman of the Company from March 2007 until January 2013 and served as Chief Executive Officer from March 2007 until February 2014. Prior to March 2007, Mr. Macari was Chief Executive Officer and founder of the predecessor company to Summer Infant, Inc., which he founded in 2001. Before that time, Mr. Macari was vice president of product development and general manager of Safety 1st, Inc., a manufacturer of safety and juvenile products from August 1994 to June 2001. From May 1988 to August 1994, Mr. Macari managed the manufacturing engineering group of the Davol Division of CR Bard, a manufacturer of surgical products. Mr. Macari has served on the board of the Juvenile Products Manufacturers Association (JPMA) as Treasurer, Assistant Chairman, and Chairman, and currently supports the board as Immediate Past Chair and Member of the Board. Mr. Macari received his B.S. in Mechanical Engineering from Worcester Polytechnic Institute and his MBA from Bryant University.
DERIAL SANDERS, Director
Derial Sanders was a longtime employee of Graco Children's Products, Inc., most recently serving as President and COO. He was instrumental in the growth of the company up until the time of his departure in 2001. Mr. Sanders helped Graco achieve this growth via strategic domestic sales initiatives, international expansion, and the addition of several key new product categories. In addition, Mr. Sanders also saw the company through several acquisitions, the last of which was by its current holder, Rubbermaid, in 1996, which became Newell Rubbermaid in 1998. After his departure from Graco in 2001, Mr. Sanders founded Precept Marketing Group which he sold in 2008. He is currently a consultant to both Precept Marketing Group and Frontline Placement Technologies. Mr. Sanders received a B.S. in marketing and commerce from Rider University.
ROBERT STEBENNE, Director
Robert Stebenne became a member of Summer Infant's Board of Directors upon consummation of the acquisition and was appointed the new lead independent director in October 2008. Mr. Stebenne currently owns and managers Bob Stebenne Associates, a firm that provides consulting services in the areas of brand development, product development and strategic planning, among other areas. From February 1999 to July 2002, Mr. Stebenne was the President of New Business Development for Hasbro Industries. From 1991 to January 1999, he was President of Hasbro's FOB/LC division, where he created a U.S. marketing, sales, product development, finance and logistics group. From 1982 to 1991, he was President of Hasbro's Playskool Baby division. Mr. Stebenne received a B.A. from Roger Williams University.
RICHARD WENZ, Director
Richard Wenz became a member of Summer Infant's Board of Directors upon consummation of the acquisition. Mr. Wenz is a consultant and private investor and currently serves on the Board of Directors of Hunter Fan Company and Easton Bell Sports, Inc. From October 2000 to July 2003 Mr. Wenz was an operating partner/affiliate of DB Capital Partners, the private equity arm of Deutsche Bank A.G. and served on the Board of Directors of a number of portfolio companies, including NewRoads, Inc. and Jenny Craig International. Mr. Wenz also served as Chief Executive Officer of Jenny Craig International from March 2002 to January 2003. Mr. Wenz was President and Chief Operating Officer of Safety 1st, from February 1997 to May 2000. During 1995 and 1996, Mr. Wenz was the partner in charge of the Chicago office with The Lucas Group, a business strategy consulting firm. Prior to 1995 Mr. Wenz held senior executive positions with Wilson Sporting Goods Co., Electrolux Corporation, The Regina Company and Professional Golf Corporation. Mr. Wenz began his career in 1971 with Arthur Young & Company (predecessor of Ernst & Young) and left the firm as a partner in 1983. Mr. Wenz is a certified public accountant and received a B.S. in accounting from Northern Illinois University.
STEPHEN ZELKOWICZ, Director
Stephen Zelkowicz became a member of the Board of Directors of Summer Infant in August 2014. Since February 1999, Mr. Zelkowicz has served as an equity research analyst at Wynnefield Capital, with a focus on the consumer product/retail and agribusiness/consumer foods sectors. Additionally, Mr. Zelkowicz supervises all trading operations for Wynnefield funds. From April 2013 to August 2013, Mr. Zelkowicz was appointed and served as a member of the Equity Committee of Rotech Healthcare, a provider of home respiratory therapy and durable medical equipment services, representing the interests of equity holders during the company’s reorganization process. From September 2005 to November 2007, Mr. Zelkowicz served on the Board of Directors of Sherpa Service Corps, Inc. (a private company), a service provider enabling subscribing institutions to accelerate academic and other institutions’ enrollment of international students and facilitating the institutions’ compliance federal statutory obligations. He received a Bachelor of Arts degree from the University of Pennsylvania.