CHICAGO, IL--(Marketwire - February 11, 2011) - Oil-Dri Corporation of America (
"I am pleased to promote Jeff Libert to the position of Chief Financial Officer," said Dan Jaffee, President and CEO. "As Vice President of Finance, Jeff has been an integral part of our Company's growth strategy and expansion by providing financial guidance on emerging market opportunities and new product development. We are fortunate to have this Oil-Dri veteran with us and are confident in his ability to lead our financial team."
Libert holds a master's degree in business administration (MBA) from Northwestern University and a bachelor's degree in accounting from the University of Illinois. He received his CPA from the State of Illinois.
"Dan Smith has been with us for ten years and is a great asset to our executive team," continued Jaffee. "As Vice President and Controller, Dan has effectively managed our internal controls by developing a solid team of accounting experts focused on cost controls and financial reporting. Dan will continue to work closely with the Audit Committee and Board of Directors in his new capacity."
Smith holds a master's degree in business administration (MBA) from Southern Methodist University and a bachelor's degree in business administration from the University of Iowa. He received his CPA from the State of Iowa.
"I congratulate Jeff and Dan on their promotions and am confident that they will ensure our financial reporting controls are upheld to the highest standards," said Jaffee.
Libert and Smith will report directly to Dan Jaffee serving in their new capacities. They previously reported to Andrew Peterson who is no longer with the Company.
"The Board of Directors and I want to thank Andy for his more than six years of service to the Company as Chief Financial Officer. We appreciate his contribution of financial expertise and organizational experience as exemplified by the strong team he has left in his place. We wish him well in all his future endeavors," said Jaffee.
Oil-Dri Corporation of America is a leading supplier of specialty sorbent products for agricultural, horticultural, fluids purification, specialty markets, industrial and automotive, and is the world's largest manufacturer of cat litter.
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