Summer Infant taps Francese as new CFO

Posted 9/13/12

WOONSOCKET – Juvenile health, safety and wellness product maker Summer Infant Inc. named Paul Francese as its new chief financial officer, the company announced Thursday.

Francese replaces Interim CFO Edmund J. Schwartz, who has been leading the company’s financial section since March 2012. Schwartz intends to stay on with Summer Infant in a consulting capacity until at least the end of the year in order to ensure a smooth transition.

As chief financial officer, Francese will provide financial and organizational leadership and ensure that Summer Infant has the right people, processes, infrastructure and controls in place to grow the organization, ensure its financial strength and maximize its competitive position.

“Paul brings strong financial acumen and 35 years of experience with a broad range of companies and situations to his new role as chief financial officer of Summer Infant,” company chairman and CEO Jason Macari said in prepared remarks.

“Paul has demonstrated the ability to build high-performing teams, establish efficient processes and controls and effectively structure businesses to achieve profitable growth,” added Macari. “We look forward to working with Paul as we strive to improve our financial and operational capabilities, and Summer Infant’s successful business development, sales growth and profitability in the years to come.”

For the last eight years, Francese has been chief financial officer at OCI Enterprises. Prior to that position, he was CFO of Cannondale Corp. During the past 35 years, Francese has held positions at Pitney Bowes, FCI/Berg Electronics Group, Huffy Corp., Litton Industries, United Technologies and General Electric.

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