WOONSOCKET – Summer Infant Inc., doing business as SUMR Brands, has appointed Stuart Noyes interim CEO of the company, effective Dec. 16.
Noyes is currently a managing partner at Winter Harbor LLC, where he was a co-founder. The firm specializes in turnaround and restructuring services, according to the company.
Noyes will take the interim role following the departure of CEO Mark Messner.
“We are very pleased to announce that Stuart Noyes has joined SUMR Brands as interim CEO,” said Robin Marino, chairwoman of Summer Infant, in a statement. “His broad experience across a number of industries and disciplines – combined with his expertise in restructuring operations – make him a good fit for the company as we look to maximize shareholder value heading into 2020. He is a skilled business tactician dedicated to analyzing SUMR’s innovative offerings to determine what decisions are best aligned with the future of our organization, its products, customers and investors.”
The company announced Messner’s departure in November. The company reported a $4.3 million loss in 2018 and most recently a $1.7 million loss in the third quarter of 2019.
