Sep 27, 2024, 1:25 PM
Sep 27, 2024, 9:25 AM

Central Garden & Pet appoints new CEO and CFO in September 2024

Highlights
  • Niko Lahanas has been appointed as CEO, effective September 29, 2024, after nearly 18 years with the company.
  • Brad Smith will succeed Lahanas as CFO, having joined Central in 2017 and previously worked at the Delhaize Group.
  • The leadership changes are part of Central's strategy to enhance growth and operational capabilities in the Pet and Garden industries.
Story

Central Garden & Pet Company has announced the appointment of Niko Lahanas as Chief Executive Officer and Brad Smith as Chief Financial Officer, effective September 29, 2024. Lahanas, who has been with the company for nearly 18 years and served as CFO since May 2017, is expected to lead the company into its next growth phase. His extensive experience in financial and strategic roles is seen as crucial for the company's future success. Bill Brown, the founder and Chairman, expressed confidence in Lahanas' leadership abilities, highlighting his instrumental role in shaping the company's strategic direction. Brad Smith, who has also been with Central since May 2017, will take over the CFO position from Lahanas. Smith has a strong background in finance, having previously worked at the Delhaize Group for 12 years, where he held various finance roles, including CFO of European operations. His appointment is expected to ensure continuity in financial leadership as the company navigates its future. The transition comes after a year of steady leadership under Beth Springer, who served as Interim CEO. She expressed her gratitude for the opportunity to work with Lahanas and the leadership team, indicating her commitment to the company as a board member moving forward. The leadership changes are part of Central's strategy to enhance its operational foundation and capitalize on growth opportunities in the Pet and Garden industries. With fiscal 2023 net sales reaching $3.3 billion, Central Garden & Pet is well-positioned to lead in its sectors, supported by a strong workforce of 6,700 employees primarily in North America. The company aims to leverage its capabilities in mergers and acquisitions and maintain its entrepreneurial culture to drive future success.

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