Oneida changes CEO

Oneida Ltd. announced 23 March 2005 the resignation of Peter J. Kallet as President and Chief Executive Officer. Mr. Kallet will remain in his role as Chairman of the Board of Directors through the an…

Oneida Ltd. announced 23 March 2005 the resignation of Peter J. Kallet as President and Chief Executive Officer. Mr. Kallet will remain in his role as Chairman of the Board of Directors through the annual meeting in May 2005 before assuming a new position at the company as Vice Chairman-Strategic Alliances and Corporate Development. The Board of Directors has named Terry G. Westbrook, a current Board member, as President and Chief Executive Officer. Mr. Kallet joined Oneida in 1967 and has held his most recent positions since 2000. It was under his leadership that Oneida initiated its current strategic restructuring. “I am honored to have worked side by side with so many outstanding employees at Oneida,” said Mr. Kallet. “I recognize that our reengineering has been a very difficult undertaking, but it is critical to establishing the groundwork for the long-term success of the Company. With the knowledge that the Company“s new Board of Directors is now firmly in place, I felt it was the right time to hand over the reins”. Mr. Westbrook has recently been a managing principal in private equity transaction activities. Previously, he served as the Senior Vice-President, Finance and CFO for The Quaker Oats Company and was a member of its Management Committee. He also served as a Director of The Quaker Oats Company of Canada Ltd. and had tenure with Quaker Asia/Pacific operations. “The company has made great strides in redirecting our strategic and tactical focus to a more competitive global sourcing process,” said Mr. Westbrook. “We will continue the mission of bringing high quality tabletop products to the marketplace in a timely, efficient and cost effective manner.” Oneida is a supplier of flatware, dinnerware, crystal and metal serveware for both the consumer and food service industries worldwide.