Summer Infant appoints Robert Stebenne as CEO
Mr. Stebenne, a board member since 2007, was appointed President and Chief Operating Officer in March 2015. He has 30 years of juvenile product marketing experience, including 20 years in positions of increasing responsibility at Hasbro Industries.
Mr. Stebenne became a member of the board of directors in 2007 and served as the lead independent director from 2008 until February 2013. Most recently he owned and managed a firm that provides consulting services in brand development, product development and strategic planning, among other areas.
From February 1999 to July 2002, he 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. He is succeeding Carol Bramson, who has resigned. Ms. Bramson will remain on the board of directors.
The Company also announced that Alan Mustacchi has joined the board of directors and will replace Jason Macari who will resign from the board on August 1, 2015. Dan Almagor was named Executive Chairman.
With more than 25 years of executive financial experience, Mr. Mustacchi is currently Executive Vice President, Capital Markets, of GreenSky Credit. He previously was Managing Director of Dresner Partners, where he headed Specialty Retail and Consumer Products Investment Banking.
He also has been Managing Director, Investment Banking Group for Navigant Capital Advisors, Managing Director, Merchant Banking Group, BNP Paribas, and Vice President of The Bank of New York in its commercial finance group. Earlier in his career, Mustacchi also spent six years as a certified public accountant. ■