CASTLE BRANDS CFO STEPS DOWN
Castle Brands announced yesterday that Matthew MacFarlane has stepped down from his cfo position. No reason was given. President and coo Keith Bellinger will assume Matthew’s responsibilities until a new cfo is secured.
On an unrelated note, Alfred Small, the controller of Caste’s U.S. division, has been appointed vp, controller of Castle and will be the company’s principal accounting officer.
Earlier this year, Castle posted sales gains of 30% in the U.S. for its 1st quarter. Gross profits were up 8% to $1.9 million for the three months to June 30, while net sales grew 11% to $5.5 million for the company overall.
On an unrelated note, Alfred Small, the controller of Caste’s U.S. division, has been appointed vp, controller of Castle and will be the company’s principal accounting officer.
Earlier this year, Castle posted sales gains of 30% in the U.S. for its 1st quarter. Gross profits were up 8% to $1.9 million for the three months to June 30, while net sales grew 11% to $5.5 million for the company overall.
posted at 1:48 PM
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