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Yankee Candle Posts Fiscal 2008; Names New CEO

Posted: March 9, 2009

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"The appointment of Harlan Kent as CEO is being made in accordance with the company's ongoing succession planning process," said Robin P. Selati, managing director of Madison Dearborn Partners and a member of the board of directors of Yankee Candle. "We are extremely pleased that Craig Rydin will continue to be actively involved in the leadership and direction of the company in his capacity as executive chairman. Craig's leadership, talent and passionate stewardship of the Yankee Candle brand since joining the company as CEO in 2001 allowed Yankee Candle to deliver consistent revenue and profit growth, and further enhance its position as the market leader in premium scented candles and home fragrance."

Kent joined Yankee Candle in June 2001 as senior vice president, wholesale. He was promoted to president in July 2004, and was promoted to his current position of president and COO in December 2005. Before joining Yankee Candle, Kent was senior vice president and general manager of the wholesale division of Totes Isotoner Corporation.

In addition to the transition of Kent, the company announced that Bruce L. Hartman, the current senior vice president, finance and CFO, has been promoted to the position of executive vice president, chief administrative officer and CFO.