Cellmid Limited (ASX:CDY) has appointed Dennis Eck to the board as non-executive director.
A professional investor, Eck has 40 years’ senior management experience in the retail sector, leading the strategic direction of companies such as American Stores, Vons and ULTA in the US.
He has also been engaged in a similar capacity with Coles Myer in Australia.
Relevant experience in cosmetics and hair care
Eck’s retail experience spans from fashion through to groceries and includes cosmetics and hair salons.
As a senior strategist, Mr Eck has helped reshape the operations of several retail businesses, delivering outstanding shareholder returns.
Cellmid chairman David King said: “We are delighted to welcome Dennis to the board and look forward to his continued valuable input regarding our product and distribution strategy for évolis.”
Important in entering US and Asian markets
With substantial US and Asian market opportunities for évolis®, Eck’s experience should be beneficial.
In December 2017, Eck made a strategic investment in Cellmid through a private placement by acquiring 2.7 million fully paid ordinary shares.
Consequently, his interests are closely aligned with the shareholders he represents.