Lifeway Foods, Inc. Announces Resignation of Douglas A. Hass as Secretary of the Company and General Counsel
January 07, 2020 at 04:15 pm EST
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As part of its ongoing organizational restructuring, Lifeway Foods, Inc. has eliminated the position of General Counsel, and responsibilities formerly under this role will be assumed by external providers. The General Counsel position was held by Douglas A. Hass. The elimination of this position constitutes a termination without cause, effective December 31, 2019, under Mr. Hass’s Employment Agreement with the Company. Mr. Hass also resigned as Secretary of the Company effective December 31, 2019. Mr. Hass will continue to assist the Company by providing consulting services and advice at the Company's direction.
Lifeway Foods, Inc. is a producer and marketer of kefir in the United States. The Companyâs primary product is drinkable kefir, a cultured dairy product sold in a variety of organic and non-organic sizes, flavors and types. Lifeway kefir is tart and tangy, high in protein, calcium, and vitamin D. Its product categories also include European-style soft cheeses, including farmer cheese, white cheese, and Sweet Kiss; Cream and other, which consists primarily of cream, a byproduct of making its kefir; ProBugs, a line of kefir products designed for children, Drinkable yogurt, sold in a variety of sizes and flavors; and Other Dairy, which consists primarily of Fresh Made butter and sour cream. It manufactures (directly or through co-packers) and market products under the Lifeway, Fresh Made and Glen Oaks Farms brand names, as well as under private labels on behalf of certain customers. The Company sells its products primarily through its direct sales force, brokers, and distributors.