The company has also announced that Glenn Schaeffer resigned from the board to pursue other business opportunities. Accordingly, Schiff’s board will have nine members.
Mr Hyatt is a senior advisor at Irving Place Capital, formerly Bear Stearns Merchant Banking, which he joined in 2008. Previously Mr Hyatt served as senior managing director of investment banking at Bear Stearns, having joined in 1980. Mr Hyatt is a graduate of Syracuse University and holds a JD from Emory University School of Law.
Mr Jones was a partner at KPMG until his retirement in 2002. Subsequent to his retirement from KPMG, Mr Jones served as CFO of Amedica, a medical device company from 2004 until 2007. Mr Jones holds a BA in accounting from the University of Utah.
Eric Weider, chairman of Schiff Nutrition, said: “We are pleased to welcome Michael and Gene to our board. Michael’s investment banking and corporate advisory experience will provide valuable perspective as we implement our organic growth strategies and evaluate potential transactions.”