WALNUT CREEK, Calif.–(BUSINESS WIRE)–
“We are thrilled to announce Niko’s promotion to CEO and firmly believe he is the ideal leader to guide Central Garden & Pet into its next growth phase,” stated Bill Brown, founder and Chairman of Central Garden & Pet. “Niko is a highly respected and experienced leader within Central Garden & Pet company, having dedicated nearly 18 years to our organization and consistently taken on roles with increasing responsibility. His previous role as CFO, which he assumed in May 2017, saw him play a crucial role in defining the company’s strategic path and enhancing performance. His broad experience across finance, strategy, and operations will be invaluable as Central Garden & Pet company moves forward.”
Before his tenure at Central Garden & Pet company, Mr. Lahanas spent over eight years in private equity and investment banking. He holds a Bachelor of Arts degree in Psychology from the University of California, Berkeley, and a Master of Business Administration degree from The George Washington University, equipping him with a strong foundation for leading Central Garden & Pet company.
“Central Garden & Pet company has been my professional home for almost two decades. I am deeply honored and excited to take on the CEO role as we begin an exciting new chapter,” said Niko Lahanas, CEO of Central Garden & Pet. “I am eager to collaborate with the Board and our talented leadership team to achieve outstanding results for our valued customers, dedicated employees, loyal shareholders, and the communities we serve. With our robust operational framework, proven M&A capabilities, and a vibrant entrepreneurial culture, I see tremendous opportunities ahead for Central Garden & Pet company.”
Mr. Brown also expressed gratitude, “On behalf of the Board of Directors, I extend sincere thanks to Beth for her exceptional leadership of Central Garden & Pet company over the past year. Her extensive executive experience and deep understanding of the Company, gained through her directorship, made her the perfect choice to lead Central as Interim CEO.”
Beth Springer commented, “It has been a rewarding experience to work alongside Niko and the entire leadership team at Central during my time as Interim CEO. I am committed to the continued success of Central Garden & Pet company and look forward to supporting the company as a Board member.”
Brad Smith, the newly appointed CFO, succeeds Mr. Lahanas in this critical financial role. Mr. Smith joined Central Garden & Pet company in May 2017 and has demonstrated strong financial leadership within the Pet segment. Prior to joining Central Garden & Pet company, Mr. Smith spent 12 years at the Delhaize Group (now Ahold Delhaize) in various finance roles, including CFO of European operations. His early career included 11 years at Arthur Andersen. He holds a Bachelor of Arts degree in Economics from the University of California, Davis.
About Central Garden & Pet Company
Central Garden & Pet company (NASDAQ: CENT) (NASDAQ: CENTA) has been a key player in nurturing homes and enriching lives for over 40 years. With a strong fiscal year 2023 net sales reaching $3.3 billion, Central Garden & Pet company is committed to shaping the future of the Pet and Garden industries. The company’s portfolio includes over 65 high-quality brands such as Amdro®, Aqueon®, Cadet®, Farnam®, Ferry-Morse®, Four Paws®, Kaytee®, K&H®, Nylabone®, and Pennington®, underpinned by robust manufacturing and distribution networks, and a dynamic, growth-focused culture. Headquartered in Walnut Creek, California, Central Garden & Pet company employs approximately 6,700 individuals across North America. For more information about Central Garden & Pet company, please visit www.central.com.
