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Mr. Falsettti resigns as Ascendia Chairman

25
Mar '08
Ascendia Brands Inc announced that Joseph A. Falsetti has resigned as Executive Chairman of the Company and as a member of its Board of Directors, effective March 21, 2008.

Ascendia and Mr. Falsetti have entered into a Separation Agreement under which Mr. Falsettti agreed to the termination of his employment agreement entered into on February 12, 2007 and forfeited rights to certain incentive stock options, in return for mutually agreed-upon severance payments.

Ascendia Brands Inc is a leader in the value and premium value segments of the health and beauty care products sector. In November 2005, Ascendia expanded its range of product offerings through the acquisition of a series of brands.

Ascendia Brands Inc


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