Mace Announces Changes in Officer Personnel

Rhea-AI Summary

Mace Security International (OTCQX:MACE) has announced key personnel changes as part of its restructuring efforts. Effective July 1, 2022, Edmund Gai joins as Omnichannel Sales Manager to enhance B2B and retail sales, bringing over 25 years of experience. Mark O'Conner is appointed Corporate Controller to support operations and business growth. Meanwhile, Michael A. Weisbarth resigns as CFO effective July 15, 2022, with no immediate plans to fill the position, aimed at reducing overhead costs. Mace emphasizes cost-effective management to strengthen its market position.

Positive

• Appointment of Edmund Gai as Omnichannel Sales Manager to boost B2B and retail segments.
• Mark O'Conner's experience as Corporate Controller expected to enhance operational efficiency.
• Strategic decision to consolidate financial oversight at the Controller level to reduce overhead costs.

Negative

• Resignation of CFO Michael A. Weisbarth could lead to temporary instability in financial management.

CLEVELAND,OH / ACCESSWIRE / July 15, 2022 / Mace Security International, Inc. (OTCQX:MACE) today announced, as part of its restructuring initiated in Q2, 2022, that Edmund Gai has joined Mace as its Omnichannel Sales Manager effective July 1, 2022. Mr. Gai has over 25 years of successful sales and new business development experience that spans five continents in both business to business and retail channels. He has been with consumer products companies such as Henkel Corporation and IdeaStream Consumer Products and worked with major retailers such as Costco and Meijer. Mr. Gai is tasked with growing the company's B2B and retail segments.

Mark O'Conner has joined the Company as its Corporate Controller. Mark brings 26 years of accounting and businesses experience to help expand operations and support new business opportunities. He has held various senior financial leadership positions in private companies.

Michael A. Weisbarth is resigning from his role as Chief Financial Officer effective July 15, 2022. Mr. Weisbarth has served as Mace's CFO since February 2021. Mike has been contemplating a career change for some time and the addition of Mark O'Connor makes this an opportune time for him to initiate this change. The Company will not be filling the CFO position at this time as the consolidation of financial activity at the Controller level makes sense for a company this size and furthers Mace's objective of reducing overhead costs.

"On behalf of our Board and Mace's management team, we are excited to have Edmund and Mark join the Mace team with their vast experiences. We will miss Mike and thank him for his contributions to the Company and wish him the best in his career path change," stated Sanjay Singh, Chairman and Chief Executive Officer of Mace.

About Mace Security International, Inc.

Mace® Security International, Inc. (MACE) is a globally recognized leader in personal safety and security. Based in Cleveland, Ohio, the company has spent more than 40 years designing and manufacturing consumer and tactical products for personal defense and security under its world-renowned Mace® Brand - the original trusted brand of defense spray products. The company also offers aerosol defense sprays and tactical products for law enforcement and security professionals worldwide through its Mace® Take Down® brand, KUROS!® Brand personal safety products, Vigilant® Brand alarms, and Tornado® Brand pepper spray and stun guns. MACE® distributes and supports Mace® Brand products through mass market retailers, wholesale distributors, independent dealers, Amazon.com, Mace.com, and other channels. For more information, visit www.mace.com.

Contact:

Mark O'Conner
Corporate Controller
moconner@mace.com

SOURCE: Mace Security International, Inc.

View source version on accesswire.com:
https://www.accesswire.com/708776/Mace-Announces-Changes-in-Officer-Personnel

FAQ

What are the recent changes in Mace Security International's management team?

Mace has appointed Edmund Gai as Omnichannel Sales Manager and Mark O'Conner as Corporate Controller, while CFO Michael A. Weisbarth has resigned.

How will the new appointments at Mace affect its business strategy?

The new appointments aim to strengthen B2B and retail sales, and reduce overhead costs through financial consolidation.

When did Edmund Gai join Mace Security International?

Edmund Gai joined Mace as Omnichannel Sales Manager effective July 1, 2022.

What is the impact of Michael A. Weisbarth's resignation on Mace's operations?

Weisbarth's resignation may create temporary instability in financial management, but the company will not fill the CFO position immediately to streamline costs.

What is Mace Security International known for?

Mace Security International is a leader in personal safety and security products, including defense sprays and tactical items.