Matrixx officially names Hemelt as CEO

SCOTTSDALE, Ariz. Matrixx Initiatives on Tuesday named William Hemelt as president and CEO, effective Aug. 28.

Hemelt had served as the company’s acting president, COO, and CFO since Oct. 31, 2008.

“[Hemelt] has demonstrated consistently strong leadership, particularly during this current challenging period for the company,” stated Matrixx chairman William Egan. “His long history with the company, which has included responsibility for the Matrixx’ finances, litigation strategy and, more recently, all aspects of the company’s operations, makes him uniquely prepared to lead Matrixx during these important times.”

Hemelt, 55, joined Matrixx in June 1998 as its CFO, treasurer and secretary. He assumed additional responsibilities as EVP, operations, in 2001 and served as secretary until February 2005 and treasurer until July 2007.