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Lifeway Foods Inc (LWAY.OQ)

LWAY.OQ on NASDAQ Stock Exchange Global Market

8.40USD
15 Dec 2017
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Summary

Name Age Since Current Position

Ludmila Smolyansky

67 2002 Chairman of the Board

Julie Smolyansky

42 2004 President, Chief Executive Officer, Director

John Waldron

52 2016 Chief Financial Officer, Chief Accounting Officer

Edward Smolyansky

37 2016 Chief Operating Officer, Treasurer, Secretary

Douglas Hass

41 2016 General Counsel, Assistant Corporate Secretary

Renzo Bernardi

79 1994 Independent Director

Paul Lee

42 2012 Independent Director

Jason Scher

42 2012 Independent Director

Pol Sikar

69 1996 Independent Director

Biographies

Name Description

Ludmila Smolyansky

Mrs. Ludmila Smolyansky serves as a Chairman of the Board of Lifeway Foods Inc., since November 2002. She has more than 20 years, Mrs. Smolyansky has been the operator of several independent delicatessen, gourmet food distributorship businesses and imported food distributorships. In 2002, prior to the commencement of her tenure as a Director, she was hired by the Company as its General Manager. Mrs. Smolyansky devotes as much time as necessary to the business of the Company and currently holds no other directorships in any other reporting company.

Julie Smolyansky

Ms. Julie Smolyansky serves as a President, Chief Executive Officer, Director of Lifeway Foods Inc. She was appointed as a Director, and elected President, Chief Executive Officer, Chief Financial Officer and Treasurer of the Company by the Board of Directors to fill the vacancies in those positions created by the death of her father, Michael Smolyansky, in June 2002. She is a graduate with a Bachelor’s degree from the University of Illinois at Chicago. Prior to her appointment, Ms. Smolyansky spent six years as the Company’s Director of Sales and Marketing. She devotes as much time as necessary to the business of the Company and currently holds no other directorships in any other reporting company. Ms. Smolyansky is the daughter of Ludmila Smolyansky, the Chairperson of the Board. In 2004, Ms. Smolyansky resigned as Chief Financial Officer and Treasurer and Edward Smolyansky, Ms. Smolyansky’s brother, was appointed to such positions. Ms. Smolyansky brings historical and operational expertise and experience to the Board.

John Waldron

Mr. John P. Waldron serves as Chief Financial Officer, Chief Accounting Officer of the Company. He joined the Company as Vice President of Finance in July 2015 and was appointed Chief Financial Officer effective January 1, 2016. Prior to his employment at the Company, He was a financial consultant at Tatum during 2015, counseling a large public company on effective controllership capabilities in a "near crisis" situation. Previously, Mr. Waldron was Vice President, Controller and Chief Accounting Officer at Campbell Soup Company from 2011 to 2013 and Vice President, Controller and Chief Accounting Officer of Navistar from 2006 to 2010. Prior to 2006 Mr. Waldron held various financial leadership positions with private and public companies including RR Donnelley the Follett Corporation Dominick's Supermarkets and Terrific Promotions. Mr. Waldron began his career at Arthur Andersen and he is a graduate of Loyola University of Chicago.

Edward Smolyansky

Mr. Edward P. Smolyansky serves as a Chief Operating Officer, Treasurer, Secretary of the Company. He was Chief Accounting Officer of the Company. He was Chief Financial and Accounting Officer of Lifeway Foods Inc., since November 2004. He was also appointed Chief Operating Officer and Secretary in 2012. He had served as the Controller of the Company from June 2002 until 2004. He received his baccalaureate degree in finance from Loyola University of Chicago in December 2001.

Douglas Hass

Mr. Douglas A. Hass serves as a General Counsel, Assistant Corporate Secretary of the Company. He has more than twenty years of legal, management, and operations experience, centered on technology-intensive businesses. He joined the Company in March 2016 from international law firm DLA Piper LLP (US). In private practice, Doug advised and represented a wide range of federal and state government and public and privately-held clients on a variety of labor and employment, corporate, technology/new media issues, and associated corporate law and litigation issues. From 1998 until 2006, he was Chief Operations Officer at ImageStream, a multinational telecommunications and Internet networking equipment manufacturer. Prior to 1998, Doug was Vice President and Partner at Skye/net, a major Midwest-based Internet service provider and founded country music website Roughstock.com. He holds a Juris Doctor from Indiana University Maurer School of Law in Bloomington, Indiana.

Renzo Bernardi

Mr. Renzo Bernardi serves as an Independent Director of Lifeway Foods Inc., He has been a Director of the Company since 1994. Mr. Bernardi is the president and founder of Renzo & Sons, Inc., a dairy and food service company which has been in business since 1969 (formerly, Renzo-Milk Distribution Systems). He has over 30 years of experience in the dairy distribution industry. Mr. Bernardi is a graduate of Instituto Teonico E Commerciale of Macomer, Sardinia. Mr. Bernardi devotes as much time as necessary to the business of the Company. Mr. Bernardi holds no other directorships in any other reporting company. Mr. Bernardi brings deep industry experience to the Board.

Paul Lee

Mr. Paul Lee serves as an Independent Director of Lifeway Foods, Inc., since July 2012. Mr. Lee is currently CEO and Co-founder at Roniin LLC. Previously, Mr. Lee was a General Partner at Lightbank LLC and was a founding member and Senior Vice President at the Peacock Equity Fund. Mr. Lee brings financial and strategic experience to the Company’s Board of Directors. Mr. Lee devotes as much time as necessary to the business of the Company and currently holds no other directorships in any other reporting company.

Jason Scher

Mr. Jason Scher serves as an Independent Director of Lifeway Foods, Inc., since July 2012. Mr. Scher is the Chief Operating Officer of Vosges Haut-Chocolat, currently the leading super premium brand of Chocolate the US. Additionally he is currently a Principal of a Real Estate Development Company focused on affordable housing in the Chicago Area. Mr. Scher previously served as a principal in a New York based Construction Management Company that performed work nationwide. Mr. Scher started his career with XandO coffee bar/COSI Sandwich Bar in their Real Estate and Construction group. His strong leadership has been instrumental in laying a foundation for an entrepreneurial growing business. Mr. Scher also brings financial and strategic experience to the Company’s Board of Directors. Mr. Scher devotes as much time as necessary to the business of the Company and currently holds no other directorships in any other reporting company.

Pol Sikar

Mr. Pol Sikar serves as an Independent Director of Lifeway Foods Inc., since its inception, February 1986. He has been a Director of the Company since its inception in February 1986. He is a graduate with a Master’s degree from the Odessa State Institute of Civil Engineering in Russia. For more than 14 years, he has been President and a major shareholder of Montrose Glass & Mirror Co., a company providing glass and mirror products to the wholesale and retail trade in the greater Chicago area. Mr. Sikar devotes as much time as necessary to the business of the Company. Mr. Sikar holds no other directorships in any other reporting company. Mr. Sikar has been a Director since inception and brings a historical perspective to the Board.

Basic Compensation

Name Fiscal Year Total

Ludmila Smolyansky

571,234

Julie Smolyansky

1,901,870

John Waldron

436,940

Edward Smolyansky

1,903,950

Douglas Hass

--

Renzo Bernardi

--

Paul Lee

--

Jason Scher

--

Pol Sikar

--
As Of  31 Dec 2016