Exhibit 99.1
Lakeland Industries Appoints Investment Industry Veteran Nikki
Hamblin to Board of Directors
DECATUR, AL -- February 24, 2021 -- Lakeland Industries,
Inc. (NASDAQ: LAKE) (the “Company” or
“Lakeland”), a leading global manufacturer of
protective clothing for industry, healthcare and to first
responders on the federal, state and local levels, today announced
the appointment of investment industry veteran Nikki Hamblin to its
Board of Directors (the “Board”). The appointment
increases the number of directors to seven, five of whom are
independent.
Christopher
J. Ryan, Executive Chairman of Lakeland Industries, commented,
“We are pleased to have Nikki join our Board to enhance our
sound governance and solid succession planning. Her appointment and
the increased size of our Board are integral to our broader
strategy of strengthening our overall leadership as we set our
sights on continued growth and market
expansion.”
Charles
D. Roberson, President and Chief Executive Officer of Lakeland
Industries, added, “Nikki’s extensive background in
financial planning and asset management, investment risk, mergers
and acquisitions (“M&A”), and investment and
shareholder returns, combined with her leadership experience, will
serve as an important complement to the talent of our existing
Board members. We welcome Nikki’s contributions to position
Lakeland as a leading and expanding global provider of industrial
personal protective equipment.”
Nikki
Hamblin brings to Lakeland more than 20 years of experience in the
investment industry, M&A, risk management, asset allocation and
business strategy. Ms. Hamblin has spent over 15 years in various
roles of ascending responsibility with Manning & Napier
Advisors (NYSE: MN), a publicly traded investment management firm
with approximately $20 billion in assets under management,
including serving as a member of the Committee for Diversity &
Inclusion (CDI) and the CDI, Recruitment & Retention
Sub-committee. She also has served as an investment banker
specializing in middle-market private and publicly owned M&A
transactions, and provided financial advisory services to
for-profit, not-for-profit, and publicly traded companies. She
obtained a Bachelor of Science degree from Syracuse University and
a Master of Business Administration with a concentration in finance
from the William E. Simon Graduate School of Business
Administration at the University of Rochester. In addition to
attaining multiple securities and financial planning licenses and
designations, Ms. Hamblin is engaged with numerous philanthropic
and volunteer activities.
About Lakeland Industries, Inc.
We
manufacture and sell a comprehensive line of industrial protective
clothing and accessories for the industrial and public protective
clothing market. Our products are sold globally by our in-house
sales teams, our customer service group, and authorized independent
sales representatives to a network of over 1,600 global safety and
industrial supply distributors. Our authorized distributors supply
end users, such as integrated oil, chemical/petrochemical,
automobile, steel, glass, construction, smelting, cleanroom,
janitorial, pharmaceutical, and high technology electronics
manufacturers, as well as scientific, medical laboratories and the
utilities industry. In addition, we supply federal, state and local
governmental agencies and departments, such as fire and law
enforcement, airport crash rescue units, the Department of Defense,
the Department of Homeland Security and the Centers for Disease
Control. Internationally, we sell to a mixture of end users
directly, and to industrial distributors depending on the
particular country and market. Sales are made to more than 50
countries, the majority of which were into the United States,
China, the European Economic Community ("EEC"), Canada, Chile,
Argentina, Russia, Kazakhstan, Colombia, Mexico, Ecuador, India,
Uruguay and Southeast Asia.
For
more information concerning Lakeland, please visit the Company
online at www.lakeland.com.
Contacts:
Lakeland
Industries, Inc.
256-445-4000
Allen
Dillard
aedillard@lakeland.com
Darrow
Associates
512-551-9296
Jordan
Darrow
jdarrow@darrowir.com
"Safe
Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: Forward-looking statements involve risks,
uncertainties and assumptions as described from time to time in
Press Releases and Forms 8-K, registration statements, quarterly
and annual reports and other reports and filings filed with the
Securities and Exchange Commission or made by management, as well
as the uncertain impact of the COVID-19 pandemic. All statements,
other than statements of historical facts, which address Lakeland's
expectations of sources or uses for capital or which express the
Company's expectation for the future with respect to financial
performance or operating strategies can be identified as
forward-looking statements. As a result, there can be no assurance
that Lakeland's future results will not be materially different
from those described herein as "believed," "projected," "planned,"
"intended," "anticipated," "estimated" or "expected," or other
words which reflect the current view of the Company with respect to
future events. We caution readers that these forward-looking
statements speak only as of the date hereof. The Company hereby
expressly disclaims any obligation or undertaking to release
publicly any updates or revisions to any such statements to reflect
any change in the Company's expectations or any change in events
conditions or circumstances on which such statement is
based.