GNC Sees More Top-Level Executive Departures
Gerald Stubenhofer, GNC Holdings Inc. senior vice president, chief legal officer and company secretary, has “separated from his employment,” according to a filing with the U.S. Securities and Exchange Commission, reports the Pittsburgh Business Times.
GNC, based in Pittsburgh, markets health products, fitness and vitamins retailer.
Stubenhofer is to receive the compensation and benefits to which he’s entitled under the employment agreement in the case of termination by GNC the form said, except that he is subject to certain noncompetitive covenants for six months, instead of the typical 12.
“Departures since June at GNC include CFO Michael Nuzzo; Chairman, President and CEO Joseph Fortunato and Chief Merchandising Officer/General Manager Thomas Dowd. Veteran retail executive Michael Archbold was hired as CEO in August,” the Business Times reports. “Nuzzo joined Pittsburgh robotics firm 4moms.”
