InvestorsHub Logo
Followers 19
Posts 1993
Boards Moderated 0
Alias Born 05/19/2009

Re: None

Tuesday, 09/20/2011 10:47:13 AM

Tuesday, September 20, 2011 10:47:13 AM

Post# of 80868
MusclePharm Strengthens Management Team Adding John H. Bluher as COO and EVP

DENVER, Sept. 20, 2011 /PRNewswire/ -- MusclePharm Corporation (OTCBB: MSLP), an expanding U.S. nutritional supplement company ("MusclePharm" or the "Company"), is pleased to announce John H. Bluher has been named Chief Operating Officer and Executive Vice President for MusclePharm Corporation ("MSLP"). In announcing the new appointment, MusclePharm CEO Brad Pyatt said, "As COO, John brings us exceptional depth and balance. His broad range of experience with public companies, boards and financial structuring in addition to mergers and acquisitions will prove helpful as we are positioning MusclePharm for continued growth and profitability in 2012. He has proven abilities to realize the potential of an organization while rationalizing operational cost. We are extremely excited about how John will contribute to the further strengthening of MusclePharm's leadership position and growth prospects."

Mr. Bluher will immediately join the Executive Committee and the MSLP Board of Directors in October 2011. As COO, he reports to Mr. Pyatt and has responsibility for functional management and day-to-day operations. His long-range goals are to help with budgeting, managing MSLPs capital structure, structure departments as the company grows, develop control processes, and assist in developing supply chain management and inventory controls. Working closely with Mr. Bluher, Mr. Pyatt will now have time to focus on longer-range strategies, business development, extending the branding and marketing opportunities for MusclePharm. Finance, Legal, Operations, Investor Relations, Public Relations, and Administration report to Mr. Bluher. Mr. Bluher has been working as a consultant to MSLP for the past three months.

Mr. Bluher said: "I am excited for the opportunity to come into MusclePharm at such an important time for this young company. The company is growing at a tremendous pace and with the brand recognition accelerating, Brad felt that he needed someone focused full time on the internal controls, budgets, and financial and capital requirements of the company. Brad has aggressively built the brand and grown the company with innovative products, I will be focusing on building on his success so we can provide a return to our equity investors."

Mr. Bluher has significant experience working with corporate structuring, corporate boards and committees, risk management, and public company corporate governance. He has 20 years of experience working in financial services public companies as Chief Legal Officer, General Counsel, Director of Risk, and Chief Compliance Officer. Most recently he was Chief Legal Officer at Neuberger Berman and managed the sale of this company out of the Lehman Brothers estate. He was also General Counsel of the Investment Management Division of Lehman Brothers, Inc. His experience also includes negotiating transactions and purchases, and sales of assets and properties on a global basis. He has deep experience in creating and implementing corporate governance plans, working in the corporate board room, and as director of risk, developing internal audit programs and insurance programs for public companies.

He has served on the boards of ICI Mutual Insurance Company, the NASDAQ Chairman's Advisory Board, Cherry Hills Founders Group, Inc., and the University of Wyoming, College of Law Advisory Board. Mr. Bluher is currently on the Board of Targeted Medical Pharma, Inc., Safe Communications, Inc. and University of Wyoming Foundation Board.

http://www.prnewswire.com/news-releases/musclepharm-strengthens-management-team-adding-john-h-bluher-as-coo-and-evp-130189878.html