Richard J. Heckmann, the Chairman and Chief Executive Officer of Heckmann Corporation and the former Executive Chairman of K2 Inc., has been appointed to Jarden Corporation's Board of Directors in accordance with the provisions of the Agreement and Plan of Merger, dated as of April 24, 2007, pursuant to which Jarden acquired K2 Inc. As previously announced, the acquisition of K2 Inc. was completed on August 8, 2007.
Commenting on the appointment of Mr. Heckmann, Martin E. Franklin, Chairman and Chief Executive Officer of Jarden Corporation, stated, “We are delighted to have Dick join our Board of Directors. His appointment will bring added expertise to our Board from his years of experience in building strong niche brands. We look forward to Dick's assistance in continuing to grow our business.”
Mr. Heckmann, age 63, has been the Chairman and Chief Executive Officer of Heckmann Corporation since May 2007. From February 2007 to August 2007 Mr. Heckmann was the Executive Chairman of K2, and from April 2000 to August 2007 he was the Chairman of the Board of Directors of K2. Previously, he served as the Chief Executive Officer of K2 from October 2002 through February 2007. Mr. Heckmann served as a director of MPS Group, Inc. from April 2003 through March 2004, Philadelphia Suburban Corporation from August 2000 through February 2002, United Rentals, Inc. from October 1997 through May 2002, Waste Management Inc. from January 1994 through January 1999 and Station Casinos, Inc. from April 1999 through March 2001. Mr. Heckmann retired as Chairman of Vivendi Water, an international water products group of Vivendi S.A., a worldwide utility and communications company with headquarters in France, in June 2001. Mr. Heckmann was Chairman, President and Chief Executive Officer of U.S. Filter Corporation, a worldwide provider of water and wastewater treatment systems and services, from 1990 to 1999. Vivendi acquired US Filter on April 29, 1999. He has served as the associate administrator for finance and investment of the Small Business Administration in Washington, DC and was the Founder and Chairman of the Board of Tower Scientific Corporation.
In addition, Charles R. Kaye has resigned as a director. Mr. Kaye, who is Co-President of the global private equity firm Warburg Pincus LLC, had been a director since February 2005.
Commenting on the departure of Mr. Kaye, Mr. Franklin said, “We will miss the invaluable guidance that Chip has brought to our Company during his tenure on our Board. We have benefited greatly from his financial sophistication and expertise, especially in the areas of mergers and acquisitions.”
