CoolBrands Names New Chief After Co-CEO Dies
CoolBrands' board has named David Stein, previously president and co-chief executive officer, to become sole CEO and co-chairman. Smith founded ice-cream maker Frusen Gladje in 1980 and sold it to Kraft Foods Inc., in 1985.
"Everyone at CoolBrands is deeply saddened at Richard Smith's tragic passing," stated Michael Serruya, co-founder of the company and co-chairman of the board. "Richard was a visionary in our industry, and many of our company's achievements are a testament to Richard's leadership and energy."