The CarlyleGroup hands the reins to its [NBTY Inc.] dietary supplement business to an executive from leading global beverage brands after the firm’s sales growth slowed under an electronic products industry veteran’s leadership.
Carlyle Group Gives NBTY Helm To Former Coca-Cola Executive Cahillane
Steven Cahillane, who left his post as president of Coca-Cola Co.’s Americas division in 2013, is moving to NBTY to replace Jeffrey Nagel after the supplement manufacturer and retailer reported flat sales for its most recent earnings period and after net income dropped nearly 12% during the firm’s previous fiscal year.
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