Yankee Candle Founder Resigns

Share this content:
Yankee Candle Company Inc., South Deerfield, MA, said Friday that CEO Craig W. Rydin was appointed chairman of the board of directors following company founder Michael J. Kittredge's resignation as chairman and member of the board.


Rydin joined Yankee Candle as CEO in April 2001 and has led the company to what it described as "record financial results."


In a statement, Kittredge cited his schedule and personal circumstances in stepping down. He also said the move permits the company to continue moving toward a more independent board.


Rydin mentioned in the statement the "... move toward a more independent [board] in conformance with the new requirements, demands and expectations of the Sarbanes-Oxley Act." The act was intended to protect investors by improving the accuracy and reliability of corporate disclosures made pursuant to the securities laws.


Kittredge was named chairman emeritus and will continue to participate with and advise the board as well as the company's management team.


Michael F. Hines also was appointed to the board. He is chief financial officer and chief administrative officer at Dick's Sporting Goods Inc. Hines was also named to the company's Audit Committee.


Sign up to our newsletters

Company of the Week

USAData helps businesses find new customers and grow their current customers through a combination of data and digital marketing services, and easy-to-use SaaS technology products. We enrich customer data so businesses can more effectively target and communicate with customers, and connect them with their best look-alike prospects through digital and traditional channels. We make it easy through simple, self-serve applications and APIs, as well as through full-service programs managed by our Data and Digital experts. 

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above