Lifetime Hoan Promotes Jeffrey Siegel To CEO

WESTBURY, NY--(BUSINESS WIRE)--December 12, 2000--Lifetime Hoan Corporation (Nasdaq NM: LCUT), a leading marketer of housewares, today announced that Jeffrey Siegel, President of Lifetime Hoan Corporation, has assumed the additional duties of Chief Executive Officer. Milton Cohen will remain as Chairman.

Milton Cohen commented, "Mr. Siegel has played a critical role in Lifetime Hoan's development since joining the organization in 1967. His broad-based industry knowledge combined with his acute business acumen has served the Company well over the years. We are pleased to have benefited from his contributions and look forward to continued growth and prosperity under his leadership."

Lifetime Hoan Corporation is a leading designer, marketer and distributor of household cutlery, kitchenware, cutting boards, pantryware and bakeware, marketing its products under various trade names including Farberware(R) and Hoffritz(R). Through the use of various brand names, Lifetime Hoan's products are distributed through almost every major retailer in the U.S., including Bed Bath & Beyond, Wal-Mart, Kmart, Target, Macy's and Dayton Hudson.