SHELTON, Conn., Sept. 5, 2018 /PRNewswire/ -- Edgewell Personal
Care Company (NYSE: EPC) is presenting today at the Barclays Global
Consumer Staples Conference regarding the Company's overall
strategy, key initiatives, financial results and priorities. A copy
of the presentation is available on the investor relations page of
the Edgewell Personal Care website at http://ir.edgewell.com.
Highlights of the presentation include:
- Edgewell is well-positioned for the future, with a portfolio
of competitive and profitable brands. Since the launch of
Edgewell as a standalone publicly-listed company in July 2015, the Company's Core Wet Shave and
Sun Care brands have gained market share in challenging categories.
Edgewell is focused on launching innovative new products while
executing on its strategic growth initiatives. These include
growing sales and market share in e-retail and growth channels,
expanding the Company's international footprint, building
e-commerce and digital capabilities, and entering new growth
categories through M&A.
- Edgewell is implementing Project Fuel to enhance shareholder
value. Project Fuel is an enterprise-wide initiative to
transform the Company's business and cost structure. The
Company expects to achieve $225
million in annual gross savings by the end of fiscal 2021 to
fund growth, transformation and margin expansion. Reinvestment
priorities include repositioning and growing Wet Shave,
accelerating Sun and Skin Care growth, international expansion, and
driving e-commerce and digital across the portfolio.
- Edgewell's strengthened Board and management team are
focused on execution and value creation. Five new directors
have been appointed to the Edgewell Board in the past three years,
including two recent additions, Joe
O'Leary and Gary Waring, who
will be joining effective October 1,
2018. For the release announcing their appointments, see
http://ir.edgewell.com/news-and-events. Edgewell has also
strengthened its management team with key leadership changes over
the past 16 months, including new appointments in marketing,
e-commerce, operations and supply chain. Edgewell's Board and
management team have the experience and skills to successfully
execute the Company's strategy and have been and will remain open
minded and committed to taking actions in the best interest of the
Company and its stakeholders.
- Edgewell's annual strategic plan process included a
comprehensive review of the business. The Board and management
team, with the assistance of external advisors, conducted a
comprehensive review of Edgewell's business segments in light of
rapidly changing consumer, competitive and retail trends and their
potential impact on future results. After assessing all value
creation opportunities, the Board and management team concluded
that Project Fuel is the best path to drive value creation for all
stakeholders.
David Hatfield, Edgewell's Chief
Executive Officer, President and Chairman of the Board, said, "At
Edgewell, we are passionate about bringing compelling innovation to
consumers and delivering category solutions for our customers, and
we remain dedicated to creating value for all of our stakeholders.
To that end, the Board and management team, with the assistance of
external advisors, undertook a comprehensive review of our business
segments and our overall strategy, and considered a broad range of
opportunities to enhance shareholder value. Through this review, we
determined that Project Fuel is the best path forward for the
Company. We have a strong foundation built on a portfolio of
competitive and profitable brands, and through Project Fuel, we
will have the capabilities and resources needed to execute on our
strategy and achieve our objectives."
About Edgewell Personal Care
Edgewell is a leading pure-play consumer products company with
an attractive, diversified portfolio of established brand names
such as Schick® and Wilkinson Sword® men's and women's shaving
systems and disposable razors; Edge® and Skintimate® shave
preparations; Playtex®, Stayfree®, Carefree® and o.b.® feminine
care products; Banana Boat® and Hawaiian Tropic® sun care products;
Playtex® infant feeding; Diaper Genie®; Bulldog® and Jack Black®
male skin care and grooming products; and Wet Ones® moist
wipes. The Company has a broad global footprint and operates
in more than 50 markets, including the U.S., Canada, Mexico, Germany, Japan and Australia, with approximately 6,000 employees
worldwide.
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SOURCE Edgewell Personal Care Company