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CTI Industries Corp (CTIB.OQ)

CTIB.OQ on NASDAQ Stock Exchange Capital Market

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18 Dec 2017
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Summary

Name Age Since Current Position

John Schwan

72 2017 Chairman of the Board

Jeffrey Hyland

2017 President, Director

Stephen Merrick

74 2017 Chief Executive Officer, Secretary, Director

Frank Cesario

46 2017 Chief Financial Officer

Jana Schwan

39 2017 Vice President - Operations

Samuel Komar

58 2008 Vice President - Sales and Marketing

Rahul Deshmukh

38 2012 Vice President - Manufacturing

John Collins

55 Lead Independent Director

Stanley Brown

69 1996 Independent Director

John Klimek

56 2013 Independent Director

Bret Tayne

56 1997 Independent Director

Biographies

Name Description

John Schwan

Mr. John H. Schwan serves as Chairman of the Board of CTI Industries Corporation. Mr. Schwan previously held the positions of Chairman of the Board and Executive Vice President. Mr. Schwan has been an officer and director of Registrant since 1966. From January 1990 to March 2006, Mr. Schwan was principal owner and President of Rapak, L.L.C. and affiliated companies. From 1980 to 1990, Mr. Schwan was an owner and President of Packaging Systems, Inc. Mr. Schwan has a BA Degree from North Park University, Chicago, Illinois.

Jeffrey Hyland

Mr. Jeffrey S. Hyland is President, Director of the Company. Prior to joining the Company, for the period from 2015 to November 30, 2017, Mr. Hyland was employed by Berkeley Research Group, a consulting firm engaged in corporate restructuring and profit improvement, investment banking and strategic planning, where he was Managing Director in the corporate restructuring and profit improvement practice. From 2006 to 2015, Mr. Hyland was employed as Executive Director at Capstone Advisory Group, a middle-market consulting firm specializing in corporate restructuring, valuations and litigation consulting for companies. From 1995 to 2006, he was a partner in Fort Dearborn Partners, a middle-market consulting firm engaged in turnarounds, profit improvement, mergers and acquisitions, strategic planning, and financing, including performing management leadership roles in several companies. From 1989 to 1994, Mr. Hyland was employed by Grant Thornton performing financing and business consulting. Previously, Mr. Hyland has been employed by the University of Chicago Hospitals, MCI Telecommunications Corporation and Deloittte & Touche LLP performing financial, operational, and audit functions. Mr. Hyland has received a BS Degree in Accounting from the University of Illinois and a Masters of Management (MBA) from Northwestern University Kellogg Graduate School of Management in Marketing, Finance and Hospital and Health Services Management.

Stephen Merrick

Mr. Stephen M. Merrick is Chief Executive Officer, Secretary, Director of the Company. Mr. Merrick previously held the positions of Executive Vice President and Chief Financial Officer. Mr. Merrick has been an officer of Registrant since 1966 and a director of Registrant from more than 25 years. Mr. Merrick is Of Counsel to the law firm of Vanasco, Genelly & Miller, Chicago, Illinois and has been engaged in the practice of law for more than 40 years. He is also an officer and director of Reliv International, Inc. (NASDAQ-RELV), a manufacturer and direct marketer of nutritional supplements and food products. Mr. Merrick received a BS Degree from Northwestern University in 1963 and a Juris Doctor Degree from Northwestern University School of Law in 1966.

Frank Cesario

Mr. Frank J. Cesario is Chief Financial Officer of the Company. Mr. Cesario is a seasoned financial executive with 26 years of experience as a chief financial officer, controller and financial and accounting manager. Most recently, Mr. Cesario served as Chief Financial Officer of Nanophase Technologies Corporation, a publicly traded manufacturer of engineered nanotechnology products from 2009 throughOctober 2017. He has served in senior financial positions for Turf Ventures, Isco International, Outokumpu Copper, Inc. and Material Sciences Corporation. Mr. Cesario has a B.S. Degreein accounting, Summa Cum Laude, from the University of Illinois-Urbana/Champaignand an MBA in finance, with distinction, from DePaul University. He is a registered Certified Public Accountant.

Jana Schwan

Ms. Jana Schwan serves as Vice President - Operations of the Company. She was Vice President - Global Procurement of CTI Industries Inc. Ms. Schwan has been employed by the Company in various operational, purchasing, and product development capacities since September 2002, and was named Vice President of Global Procurement in June 2012.

Samuel Komar

Mr. Samuel Komar serves as Vice President - Sales and Marketing of CTI Industries Corporation, since March 2008. Mr. Komar has been employed by the Company since March of 1998. Mr. Komar has worked in sales and sales management for more than 25 years. Mr. Komar received a Bachelor of Science Degree in Business Administration and Marketing from Indiana University.

Rahul Deshmukh

Mr. Rahul P. Deshmukh serves as Vice President - Manufacturing of CTI Industries Corp. Mr. Deshmukh has been employed by CTI since 2007. He has a experience in managing multi-plant operations and holds many professional accreditations including Six Sigma Black Belt, PMP - Program Manager, and ASQ Quality Auditor; these demonstrate in disciplines such as Quality, Continuous Improvement, Six Sigma and New product development. As a part of the leadership team, Mr. Deshmukh is responsible to assure development and compliance of cost effective manufacturing practices and strategies. Mr. Deshmukh holds a Master’s Degree in Manufacturing Management and a Bachelor of Science degree in Mechanical Engineering.

John Collins

Mr. John I. Collins serves as Lead Independent Director of CTI Industries Corporation. Mr. Collins has served as a director of the Company since 2004. From 2010 to the present, Mr. Collins has served as Senior Vice President, Strategy, Product and Risk Management for Alloya Corporate Federal Credit Union. From 2011 to 2010, he was Chief Financial Officer of Mid-States Corporate Federal Credit Union, a whole financial institution serving over 900 member credit unions. From 1991 to 2001, he served as Executive Vice President/Chief Financial Officer of Great Lakes Credit Union with responsibility for accounting, finance, information systems, investment management, lending and credit cards operations. Mr. Collins received a BA Degree in Economics, English and History from Ripon College and an M.B.A. in Finance and Management from Emory University. Mr. Collins brings to the Company experiece, training and more than 20 years experience in accounting, corporate finance and corporate financial management.

Stanley Brown

Mr. Stanley M. Brown is an Independent Director of CTI Industries Corporation, since January 1996. During the period from January 1989 to February 2012, Mr. Brown was director of venture capital and private company investments for Cheshire Partners Ltd., Chicago, Illinois, where he participated in investments, organization and management of several privately held businesses engaged in production, sales and services. Mr. Brown brings to the Board over 40 years of leadership and technical knowledge and experience as well as over 20 years of management experience with production and service enterprises. From 1968 to 1989, Mr. Brown was with the United States Navy as a naval aviator, achieving squadron command and the rank of Captain. He received a BA Degree from Fordham University and participated in post-graduate work in Naval architecture.

John Klimek

Mr. John M. Klimek is an Independent Director of CTI Industries Corp., Mr. Klimek is the Managing Director – Legal and Chief Compliance Officer for HFR Asset Management, LLC located in Chicago. HFR manages a hedge fund platform comprised of numerous managed accounts and fund-of-funds and Mr. Klimek oversees and directs legal and compliance initiatives for the firm. Prior to joining HFR in 2004, HFR Mr. Klimek was a partner with Merrick & Klimek, LLP and Fishman and Merrick, PC, both Chicago-based law firms specializing in corporate and securities law. Mr. Klimek brings strong financial, business and market acumen as well as compliance expertise and negotiating skills to the CTI Board. He holds a Juris Doctor and a Bachelor of Science in Accountancy degree both from the University of Illinois, Champaign-Urbana.

Bret Tayne

Mr. Bret Tayne is an Independent Director of CTI Industries Corporation, since December 1997. He has been Managing Director of Intrepid Tool Industries, LLC, successor to Everede Tool Company, since January 1992. From 1986 to 1992, Mr. Tayne was Executive Vice President of Unifin, a commercial finance company. Mr. Tayne received a BA Degree from Tufts University and an MBA from Northwestern University. Mr. Tayne brings over 20 years of general management, finance, sales, product, and marketing experience to the Company.

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