On Might 7, Hain Celestial Group (Hoboken, NJ) introduced Wendy Davidson stepped down as president, CEO and member of the Board of Administrators.
The corporate is at the moment trying to find its subsequent CEO and has a “thorough transition plan” in place. Alison E. Lewis, a member of the Board since 2024, is at the moment serving as interim president and CEO.
“The Board believes that is the proper time to transition to new management. We admire that Alison Lewis, a seasoned govt with huge business and management expertise, has agreed to function interim president and CEO whereas we execute our succession plan,” stated Daybreak Zier, Chair of the Hain Board. “Alison has a monitor document of driving superior in-market execution, delivering disciplined and worthwhile income progress, and leveraging innovation to create worth. Throughout this transition interval, we are going to stay targeted on maximizing the worth of Hain. On behalf of the whole Board, I wish to thank Wendy for her contributions to the Firm and need her the easiest sooner or later.”
Hain additionally introduced the Board is conducting a complete evaluation of the corporate’s portfolio with the help of its unbiased monetary advisor, Goldman Sachs & Co. The evaluation will contemplate a “broad vary of strategic choices to reinforce worth” the corporate stated.
“In mild of current efficiency, the Board has determined {that a} thorough analysis of the Firm’s technique and portfolio is warranted to find out the very best strategy to maximise shareholder worth. With this evaluation underway, we stay targeted on working our enterprise successfully, making certain we’ve got a robust path to attain sustainable progress and worth creation,” Zier stated.
There is no such thing as a definitive timeline for the completion of strategic evaluation or the appointment of a brand new CEO.
For extra info, go to www.hain.com.
