Newman’s Own Gives 100 Percent of Profits to Charity

Newman’s Own, Inc., the food and beverage company that was created by Paul Newman to give 100 percent of its profits to charity, announced the appointment of Michael Mardy to its board of directors. Mr. Mardy is an experienced C-level executive and board director who brings financial, food industry and retail expertise to help guide growth and performance.

Mr. Mardy most recently served as Executive Vice President, Chief Financial Officer and Board Director of Tumi Holdings, Inc., a retailer of prestige luggage and travel accessories. Prior to that, he served as evp and CFO of Keystone Foods LLC, a global food products manufacturer. Previously, he held senior-level financial positions with Nabisco, Inc., a leading U.S. cookie and cracker manufacturer.

Currently, Mr. Mardy serves as a Board Director of top fashion retail brands Vince Holdings and LULUS Fashion Lounge. In the past, he served as a Board Director for several publicly traded companies, including True Leaf Brands, David’s Tea, Green Mountain Coffee Roasters and Modus Link Global Solutions. He also previously served on the New York Stock Exchange Advisory Board.

“We are delighted to have Mike join the Newman’s Own, Inc. Board of Directors,” said Ellen Marram, Board Chair. “His deep financial expertise and insights will greatly benefit our organization.”

Mr. Mardy’s not for profit board work includes being a Board Director for the Eden Institute for Autism based in Princeton, New Jersey, as well as being on the Board of Trustees at Princeton Hospital.

“I’m honored to step into my new role as a member of the Newman’s Own, Inc. Board of Directors. I look forward to helping a brand of great tasting, high quality food products that in turn helps transform the lives of so many through its unique giving model,” said Mr. Mardy.

Mr. Mardy received his BA from Princeton University and his MBA from Rutgers University. He is a member of the American Institute of Certified Public Accountants and a member of the New Jersey Society of CPAs.