Jim Kelly Returns to Jenny Craig, Inc. as Chief Financial Officer

Thursday, August 30, 2007 General News J E 4
CARLSBAD, Calif., Aug. 29 After a three-year hiatus topursue a consulting career, Jim Kelly returns to Jenny Craig, Inc. as ChiefFinancial Officer.

A highly regarded Jenny Craig employee for 14 years, Kelly served asCFO/Treasurer from 1999-2003 and as Vice President, Controller for theprevious ten years. In both capacities, he directed accounting policies andpractices, SEC financial reporting, treasury, risk management, budgeting,audit and tax, and managed a staff of 35 with responsibility for accountsreceivable, accounts payable, general ledger, payroll, banking, internal andexternal financial reporting, tax compliance and annual audits. Two highlightsduring his Jenny Craig career were: playing a key role in the company's 1991IPO, and leading the financial team in the "going private" transaction thatresulted 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 handledoverall client relationships. He also held senior and staff accountantpositions at this "Big 4" firm, where he supervised all aspects of financialaudits 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 weightmanagement companies, with approximately 650 Centres in the United States,Canada, Australia, New Zealand and Puerto Rico. Developed by registereddietitians in consultation with a distinguished Medical Advisory Board, theJenny Craig weight loss program is a science-based, comprehensiveFood-Body-Mind approach that helps clients manage their weight by creating ahealthy relationship with food, building an active lifestyle and developing abalanced approach to living.

SOURCE Jenny Craig, Inc.


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