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Jim Kelly Returns to Jenny Craig, Inc. as Chief Financial Officer
Carlsbad , Calif. (August 29, 2007) - >After a three-year hiatus to pursue a consulting career, Jim Kelly returns to Jenny Craig, Inc. as Chief Financial Officer.
A highly regarded Jenny Craig employee for 14 years, Kelly served as CFO/Treasurer from 1999-2003 and as Vice President, Controller for the previous ten years. In both capacities, he directed accounting policies and practices, SEC financial reporting, treasury, risk management, budgeting, audit and tax, and managed a staff of 35 with responsibility for accounts receivable, accounts payable, general ledger, payroll, banking, internal and external financial reporting, tax compliance and annual audits. Two highlights during his Jenny Craig career were: playing a key role in the company's 1991 IPO, and leading the financial team in the "going private" transaction that resulted in the company's sale in May 2002 to private equity investors for $115 million, a 68 percent premium to the company's public market price.
Prior to joining Jenny Craig, Mr. Kelly was an audit manager for KPMG LLP (formerly KPMG Peat Marwick) where he executed audit engagements and handled overall client relationships. He also held senior and staff accountant positions at this "Big 4" firm, where he supervised all aspects of financial audits including planning, evaluation of internal accounting controls, preparation and review of financial statements, and staff training.
About Jenny Craig
Jenny Craig, based in Carlsbad, CA, is one of the world's leading weight management companies, with approximately 650 Centres in the United States, Canada, Australia, New Zealand and Puerto Rico. Developed by registered dietitians in consultation with a distinguished Medical Advisory Board, the Jenny Craig weight loss program is a science-based, comprehensive Food-Body-Mind approach that helps clients manage their weight by creating a healthy relationship with food, building an active lifestyle and developing a balanced approach to living.