logo
  Join        Login             Stock Quote

Medifast (MED): Timothy Robinson To Replace Kelleman As CFO

 January 07, 2013 04:21 PM
 


(By Balaseshan) Medifast Inc. (NYSE: MED), which makes weight management products, said it has appointed Timothy Robinson as Chief Financial Officer, effective February 1, 2013.

Robinson will replace Joseph Kelleman who has been serving as the company's Chief Financial Officer on an interim basis since December 2012. Kelleman will continue in his role as Director of Finance - Supply Chain.

Robinson brings over 25 years of diverse management experience in finance, accounting, and business operations.

Most recently, Robinson held the position of Vice President, Business Operations for Canon Business Solutions Inc. from 2008 – 2013, where he served as a key member of the executive team for this over $1 billion national office products subsidiary of Canon U.S.A.

[Related -Yahoo! Inc. (YHOO): Options Traders Brace For Shares In Yahoo To Extend Declines]

While in the role at Canon Business, Robinson led a 450 person organization, managed several business acquisitions that strengthened the company's U.S. presence, and was an executive member of the integration team that formed the over $1 billion Canon Solutions America Inc. business.

Medifast's product lines include weight and disease management, meal replacement, and vitamins. The company's operations are primarily conducted through five of its subsidiaries: Jason Pharmaceuticals Inc., Take Shape for Life Inc., Jason Enterprises Inc., Jason Properties LLC and Seven Crondall LLC.

MED closed Monday's regular session up 0.25% at $27.55. The stock has been trading between $14.67 and $33.29 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageRussell 2000 Showing Relative Weakness at the New Highs

A quick “Quad Index” Grid shows us that the small-cap Russell 2000 is showing relative strength to the read on...

article imageThe Poster Boy For Liberal Economics Discovers The Tax Factor

Paul Krugman seems to be having a supply-side-economics moment… sort of. Raising taxes, the NY Times read on...

article imageMacroprudential Policy And Distribution Of Risk

There is very little doubt that housing prices and leverage played a strong role in the global financial read on...

article imageIs the World Turning Japanese?

Many really think so, but reality suggests read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.