Koozie Group Clarifies David Klatt Transition News

Last week, Koozie Group announced that David Klatt would transition from CEO to an advisory role on the company's board of directors.

The report on Friday caused some confusion over what that meant for Koozie Group, so the company issued the following statement:

David made a planned transition in March after his five-year term as an H.I.G. Capital board member and company CEO, and has assumed his new role as advisor to our board. There have been no changes to the Executive Team, and they are working directly with the Executive Chairman of the Board to continue implementing strategic improvements for the benefit of our customers.

Koozie Group has no further details about the transition or its executive team to share at this time.