Karkus Named CEO of Quigley
July 21, 2009 (FinancialWire) — The Quigley Corp., (NASDAQ: QGLY) said that Ted Karkus, the chairman of the company’s board, has been appointed as Quigley’s chief executive officer. Robert V. Cuddihy, Jr. has been appointed chief operating officer.
Karkus recently conducted a successful proxy contest that resulted in his slate of directors being elected to the Quigley board. He had been serving as interim CEO since June 12. Karkus, a 25 year Wall Street veteran, has been providing management consulting services to emerging-growth companies since 1996.
Cuddihy, Jr. formerly served in senior roles at HMG Worldwide, which focused on retail, planning and merchandising, and iDNA Inc. that focused on corporate communications.
He most recently served as the president of Shannon Hill Associates, providing due diligence, financial structuring, and transaction negotiation services for M&A, restructurings and divestitures.
Doylestown, Pennsylvania-based Quigley is a natural health medical science company. The company’s Cold Remedy segment is a marketer and manufacturer of the Cold-Eeze line of lozenges, gums and sugar free tablets clinically proven to cut the common cold nearly in half.
The company’s Cold-Eeze customers include national wholesalers and distributors, as well as independent and chain food, drug and mass merchandise stores and pharmacies.
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