Jaclyn, Inc. (JCLY: OTCQX U.S. Premier) | JACLYN ANNOUNCES NEW ROLES FOR MANAGEMENT

OTC

JACLYN ANNOUNCES NEW ROLES FOR MANAGEMENT

Dec 30, 2016

OTC Disclosure News Service

Maywood, NJ

Jaclyn Announces New Roles for Management

 

MAYWOOD, NJ – (December 30, 2016) – Jaclyn, Inc. (OTCQX: JCLY) today announced that its Board of Directors has appointed Allan Ginsburg, Chairman of the Board of the Company, to the additional position of Co-President and Co-Chief Executive Officer.  Mr. Ginsburg will assume his new additional position effective January 1, 2017.  At that time, Robert Chestnov, the Company’s President and Chief Executive Officer, will become a consultant to the Company.  Mr. Chestnov will also be a Co-President and Co-Chief-Executive Officer of the Company, and, in that capacity, he will continue to perform substantially the same duties and responsibilities to the Company he performed during his 28-year tenure as President and Chief Executive Officer.  Mr. Chestnov will also provide such other senior management level consulting services requested by the Board of Directors. 

 

Both Mr. Ginsburg and Mr. Chestnov will continue to serve as directors of the Company.

 

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