Pet supply company OurPet announces appointment of John M. Silvestri as president, COO, was most recently president and general manager of LitterMaid Pet Products
FAIRPORT HARBOR, Ohio
February 14, 2012
– OurPet's Company (OTC BB: OPCO, www.ourpets.com), a leading proprietary pet supply company, today announced the appointment of John M. Silvestri as President and Chief Operating Officer.
Silvestri obtained his B.S. in Business Administration/Marketing from Fordham University and undertook graduate work in Financial Management at the University of Virginia's Darden School of Business Management.
During the past thirty years, Silvestri has gained extensive executive and marketing/sales experience, while making significant contributions to such employers as The Procter & Gamble Company and M&M/Mars Inc. Most recently he was President/General Manager of LitterMaid Pet Products, currently part of the United Pet Group of Spectrum Brands and President of Farnam Pet Products of Central Garden and Pet Inc.
Dr. Steven Tsengas, Chairman/CEO, commented, "I and the rest of the OurPet's Team are very excited to have John join us at this critical point in the growth of OurPet's. His extensive business experience, proven leadership, extensive pet industry high level relationships and contagious enthusiasm will prove invaluable to our future growth."
Silvestri stated, "I have carefully followed OurPet's for some time and have been impressed with the team and array of innovative products. The pet industry is a dynamic and exciting industry, and I am very happy to be in a position to help OurPet's realize its great growth potential."
Tsengas further added, "2011 was a year of preparing for the next phase of growth. Steps were taken to better focus the company's resources, such as the implementation of the new ERP system for improving data accuracy and processes, the expansion of our facilities to support higher levels of activity and consolidation of last year's Cosmic Pet acquisition. The addition of Silvestri is a critical, final step. Silvestri will report directly to me and will be responsible for Marketing, Sales and Operations." Finance and Business & Product Development will continue reporting to Tsengas. The addition of Silvestri will allow Tsengas and his team to place greater emphasis on innovative product development and strategic acquisitions.
About The OurPet's Company
The OurPet's Company was founded in 1995 when it began making the revolutionary Big Dog Feeder® raised feeding system. Committed to remaining always on the cutting edge of innovation for the health, safety, comfort and enjoyment of pets, the company is proud to include the following top brands in its portfolio: Flappy® dog toys, Durapet® Premium Stainless Steel Pet Bowls, Pet Zone®, ecoPure® Naturals, Cosmic Catnip™, SmartScoop® and Play-N-Squeak® cat toys. The OurPet's Company is publicly traded as OPCO (OTC BB). For a full listing of consumer brands, visit www.ourpets.com.
Certain of the matters set forth in this press release are forward-looking and involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially are the following: business conditions and growth in the industry; general economic conditions; addition or loss of significant customers; the loss of key personnel; product development; competition; risks of doing business abroad; foreign government regulations; fluctuations in foreign rates; rising costs for raw materials and the unavailability of sources of supply; the timing of orders booked; and the other risks that are described from time to time in OurPet's SEC reports.