WASHINGTON'S LEADING BUSINESS MAGAZINE

Chef'n Announces New Executive Board Chair

Appointment follows sale of majority share to CID Capital.

Chef’n Corporation, a kitchen products company that recently sold a majority share of itself to the private equity firm CID Capital, has announced the appointment of Linda Graebner, former Board Chair of the International Housewares Association, as Executive Chairman.

“All teams under the Chef’n umbrella including product development, operations, finance, sales and marketing” will work closely with Graebner and Chef’n founder and CEO David Holcomb, the company said in a statement.

Known for kitchen and cooking products such as the PepperBall, a squeeze-operated pepper grinder, Chef'n has 250 patents to its name. Holcomb, who also holds the title “Famous Inventor,” says the new money raised will be used to launch as many as 20 new products in 2012. Holcomb says new products and marketing will push annual sales from $40 million in 2011 to $50 million in the next several years and to as much as $100 million in the next 10 years.