Company Overview - Hamilton Beach Brands Holding Company has increased its Board of Directors from 11 to 13 members, appointing April L. Lane and Bela S. Mehta as new independent directors [1][2]. New Board Members - April L. Lane has extensive experience in e-commerce and consumer products, having held leadership roles at Thrive Market, Hearst Corporation, and Amazon, and has a background in retail strategy from Boston Consulting Group [2][3]. - Bela S. Mehta is a seasoned private equity partner and has been Managing Partner at CITG Capital Partners since 2004, with previous roles including President and Board Chairman of Little Switzerland, Inc. [3]. Company Products and Market Position - Hamilton Beach Brands is a leading designer, marketer, and distributor of small electric household appliances and commercial products, with owned consumer brands including Hamilton Beach®, Proctor Silex®, and Hamilton Beach Professional® [4]. - The company has exclusive agreements to design and distribute premium products such as Bartesian® cocktail machines and Numilk® non-dairy milk appliances, and is expanding into the home medical market through its subsidiary Hamilton Beach Health® [4].
HAMILTON BEACH BRANDS HOLDING COMPANY ANNOUNCES THE ELECTION OF TWO NEW DIRECTORS