EAST RUTHERFORD, N.J. (AP) -- Kid Brands Inc. said Friday that Chief Financial Officer James Christl resigned for personal reasons.
The company, which makes a wide range of products for babies and infants, said Christl was not leaving because of any disputes with the company over its financial statements, internal controls, accounting policies or practices. Chief Operating Officer Kerry Carr will take over as CFO while maintaining her current title. Carr has been the company's COO since September.
Kid Brands also said it sold its Russ and Applause trademarks and trade names to Larsen and Bowman Holdings of Canada for about $1.3 million. It said the intellectual property had no value on its books.