Twinlab Consolidated Holdings, Inc. Appoints Daniel DiPofi on the Board
April 26, 2021 at 03:59 pm EDT
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Twinlab Consolidated Holdings, Inc. announced that on December 23, 2020, via letter, Mr. David Still informed the Board of Directors of Twinlab Consolidated Holdings, Inc. that he was resigning from the Board and its associated Audit Committee effective January 1, 2021. His resignation is not a result of any disagreement with the Company. Via unanimous written consent dated January 1, 2021, the Board appointed the Company’s Chief Executive Officer, Mr. Daniel DiPofi, to fill a vacancy on the Board. As previously disclosed, Mr. DiPofi has served as a private equity manager for Fishers Asset Management since July 1, 2019. He previously served as executive vice president of the Buffalo Sabres of the National Hockey League from 1994 to 1998, when he left to become chief financial officer of Hoffend & Sons Inc., a custom engineering and design firm. In 2003, Mr. DiPofi returned to the Buffalo Sabres and served as chief operating officer until 2012. Mr. DiPofi was retired from 2012 until 2019. He has over 20 years’ experience serving in senior executive positions within the sports and entertainment industry. Mr. DiPofi holds a degree in accounting from Niagara University.
Twinlab Consolidated Holdings, Inc. is a marketer, distributor and direct-to-consumer retailer of branded nutritional supplements and other natural products sold to and through domestic health and natural food stores, mass market retailers, specialty store retailers, on-line retailers, and websites. Internationally, the Company markets and distributes branded nutritional supplements and other natural products to and through health and natural product distributors and retailers. Through NutraScience Labs, it also provides services between private label distributors and contract manufacturers. Its services business involved the facilitation of manufacture of custom products. Its products include vitamins, minerals, resveratrol, collagen, keratin, skincare and sports nutrition products primarily under the Twinlab, Reserveage and ResVitale brands. It also markets and sells diet and energy products under the Metabolife brand and a full line of herbal teas under the Alvita brand.