Stuart D. Neidus to Retire as CEO of Anthony & Sylvan Pools; Board Elects Mark Koide to Succeed Neidus and Join Board

DOYLESTOWN, Pa., July 24, 2014 (GLOBE NEWSWIRE) — The Board of Directors of Anthony & Sylvan Pools Corporation today announced that Stuart D. Neidus will retire as the Company’s Chief Executive Officer, effective August 31, 2014. He will remain a member of the Board. The Board also announced that it has elected Mark Koide to succeed Mr. Neidus as CEO and become a Director of the Company. Mr. Koide has served as Anthony & Sylvan’s Vice President of Marketing since 2013.

Mr. Neidus said: “Thanks to the dedication and sacrifice of all the employees across Anthony & Sylvan, we have emerged from the financial downturn as a very strong company. A&S is well-positioned for increasing profitability and growth. Given the progress we have made in the last few years, I have concluded that now is the right time for someone else to take the helm of A&S.

“After 17 years as CEO, I will truly miss the wonderful people throughout this organization. But I know that Mark and the A&S management team will continue to build on the strong foundation we have laid and upon A&S’s industry leading position.”

Mr. Neidus said that he could not be leaving the company in better hands. “Mark’s record of achievement and leadership demonstrates that he is the right person to tackle the many opportunities that lie ahead. Elevating Mark is a clear indication of our commitment to drive revenue and build market share to support the continued growth of each of our many businesses. We are very pleased to have someone with his extensive marketing and broad business skills lead A&S in these exciting times.”

Thomas B. Waldin, a member of the Board of Directors, said: “We respect Stu’s decision to retire. The Board and I are grateful to Stu for his leadership, integrity and passion in guiding A&S these past 17 years and positioning it well for the future. While he will no longer be involved with the day-to-day activities of the business, we are thrilled to have his continued guidance and input at the board level. We wish him all the best with the next stage in his career.”

Mr. Koide said: “A&S possesses unique strengths to take on an ever-increasing number of opportunities throughout the United States. The fundamentals we have in place today are solid, and we are on the right path. A&S’s businesses, footprint and talent are unmatched in our industry, and we will be relentless in our drive toward customer satisfaction and operating excellence. I look forward to working with our talented management team and dedicated employees to build an exciting future on our solid foundation.”

Mr. Koide added: “I also wish to extend my personal appreciation to Stu for all he has achieved. Without his leadership, A&S would not be the successful, industry leading company that it is today. He has been a valued mentor to me and the other members of the A&S management team and has helped us all grow, develop and become better individuals. We will miss his daily input and guidance.”

During his 20+ year career, Mr. Koide has shown a proven ability to develop and establish a strong market presence for each of his past employers. He most recently was the Chief Executive Officer and Chief Marketing Officer for Orthofeet Inc. Prior to Orthofeet, Mr. Koide was employed by such well known household names as Mars Incorporated, Pepperidge Farm/Campbell Soup Company, and Kraft Foods. He received his BA in International Studies from Brown University and a Master of Management, Marketing and International Business from the J.L. Kellogg Graduate School of Management. Mr. Koide brings to A&S an extensive background in marketing, strategic business development and executive management. He and his wife, Karen, live in Mendham Township, NJ, with their three children.

Since 1946, families have been trusting Anthony & Sylvan to design and build their dream in-ground swimming pools. Our team of designers and craftsmen has created thousands of backyard retreats. We constantly strive for complete customer satisfaction, use the best materials for the job and uphold rigorous standards. With pools built for over 370,000 families, we must be doing something right.

The entities doing business as Anthony & Sylvan Pools include Anthony & Sylvan Pools Corporation, Anthony & Sylvan Corp. and Anthony & Sylvan Pools North Carolina LLC. Anthony & Sylvan’s statewide licenses/registrations: #SPB.0000089 and #HIC.0501976(CT); #2006201521(DE); #410512000233(DC); MHIC#129792(MD); #13VH01546700(NJ); #0023414(NV); #68766(NC); #006381(PA); #2701011419A(VA RFC/ELE); and #WV030223(WV).