Boss Holdings Announces Death of Chairman and CEO - G. Louis Graziadio III

Rhea-AI Summary

Boss Holdings, Inc. (BSHI) announced the death of its Chairman and CEO, G. Louis Graziadio III, due to stage-4 metastatic prostate cancer on October 17, 2022. Graziadio led the company for over 25 years, contributing significantly to its success. The company's operations will now be managed by Chief Operating Officer Rick Bern and other seasoned executives, including Chris Miller, Terry Brizz, and Tom Novak, ensuring continuity during this transition. Boss Holdings, founded in 1893, operates in the pet products and promotional items industries.

Positive

• Continuity in leadership with experienced executives taking charge.
• Long-term industry experience of management team.

Negative

• Loss of the company's long-time leader, potentially affecting investor confidence.

KEWANEE, Ill., Oct. 19, 2022 /PRNewswire/ -- Today Boss Holdings, Inc. (BSHI) announced that G. Louis Graziadio III, the company's Chairman and Chief Executive Officer passed away on Monday, October 17, 2022. In May 2022, Mr. Graziadio publicly disclosed to shareholders that he had been diagnosed with stage-4 metastatic prostate cancer and was receiving treatment for that condition. He persevered strongly through his illness, continuing active participation in Boss Holdings' management to the end. Mr. Graziadio's leadership of the company spanned over 25 years with innumerable contributions to the company's success over that time.

Boss Holdings' day-to-day operations remain under the stewardship of our long-time Chief Operating Officer, Rick Bern, who has decades of experience within each of our operating segments. Chris Miller, president of the Boss Pet operations, is a seasoned executive who has provided strong leadership of that division since joining the company in 2018. Terry Brizz at Galaxy Balloons and Tom Novak at Aries Manufacturing both are industry leaders who have guided their divisions for many years through various challenging business cycles. At the current time, Boss Holdings will continue to utilize this existing management structure.

About Boss Holdings
Boss Holdings, Inc., headquartered in Kewanee, IL since 1893, trades on the OTC Pink Market under the symbol BSHI. Its wholly owned subsidiary Boss Pet Products, Inc., based in Danvers, MA distributes pet grooming supplies, equipment, pet leashes, toys, apparel, health and wellness products.

Other Boss Holdings subsidiaries include Galaxy Balloons, Inc., based in Cleveland, Ohio which distributes custom imprinted balloons, inflatables and other products for the promotional products industry, and Aries Manufacturing, a division of Boss Tech Products, Inc., a supplier and distributor of cell phone accessories, including charging solutions, hands-free headsets, speakers and related products. To learn more about Boss Holdings and Boss Pet Products please visit:  BossHoldingsinc.com and Bosspetedge.com.

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SOURCE Boss Holdings, Inc.

FAQ

Who was the CEO of Boss Holdings, Inc. before his death?

G. Louis Graziadio III served as the CEO before his passing.

When did G. Louis Graziadio III pass away?

He passed away on October 17, 2022.

What will happen to Boss Holdings after the CEO's death?

Day-to-day operations will be managed by COO Rick Bern and the existing management team.

How long did G. Louis Graziadio III lead Boss Holdings, Inc.?

He led the company for over 25 years.

What challenges might Boss Holdings face after the CEO's passing?

The company may face potential impacts on investor confidence due to the loss of leadership.