CDI accepts resignation of CEO Scott Freidheim
Chief Financial Officer, Michael Castleman, has been promoted to President and has agreed to serve as interim CEO while the Board of Directors selects a permanent CEO.
Mr. Castleman joined the Company in October 2014 as Executive Vice President, Corporate Development and Operations and was promoted to CFO in March 2015.
Mr. Castleman was previously president of Kenmore, Craftsman and Diehard brands, where he was responsible for all strategy and operations related to product development and management, brand marketing, strategic sourcing, business development and brand extensions.
He initially joined Kenmore, Craftsman and Diehard as Chief Financial Officer, responsible for financial management and operational performance improvement.
Prior to that, he founded or co-founded several investment firms, including Lehman Brothers Venture Partners, the venture capital affiliate of Lehman Brothers Holdings, where he served as Managing Director and Co-Head.