Yesterday morning, a utility lighting and consumer electronics company, Capstone Industries, wholly-owned by the Florida-based CHDT Corporation, announced the appointment of a new Vice President of International Sales.
The man selected for the position was 30-year sales and marketing veteran Kenneth G. Drescher. A graduate of William and Mary College in Virginia, Kenneth has made his mark in sales working for such well-known companies as Procter & Gamble, the Regina Company, and Rayovac.
Mr. Drescher was chosen specifically for his extensive experience in international sales, during a time when overseas interest in Capstone’s specialty lighting products has reached an all-time high. With the U.S. economy continuing to flounder, it seems only natural for the company to seek outside markets in which it can still thrive. Kenneth is expected to be of great assistance in this area.
Stewart Wallach, CEO of CHDT Corp stated: “Looking into the International markets could not have come at a more opportune time. The US retail market is not expected to fully recover in the near term and although our products are being received well at retail, the velocity of sales has declined across all categories. Expanding distributions to other countries could enable us to continue our growth during these challenging times. In short, we will broaden our markets and leverage the innovation we have invested in.”