LAKE SUCCESS, N.Y.,
Oct. 29, 2018 /PRNewswire/
-- The Hain Celestial Group, Inc. (Nasdaq: HAIN) ("Hain
Celestial" or the "Company"), a leading organic and natural
products company with operations in North
America, Europe,
Asia and the Middle East providing consumers with A
Healthier Way of Life™, today announced that its Board of Directors
has named veteran consumer packaged foods executive Mark L. Schiller as the Company's new President
and Chief Executive Officer, effective November 5, 2018, and Schiller will be nominated
as a director of the Company at its Annual Meeting of Shareholders
on December 5, 2018. Schiller will
succeed Irwin D. Simon, Hain
Celestial's Founder, President and Chief Executive Officer.
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Schiller joins Hain Celestial with a proven track record of
strategic leadership including more than 25 years of executive
experience in key consumer packaged foods leadership roles at
Pinnacle Foods, Inc., PepsiCo, Inc. and other companies. Most
recently, Schiller served as Pinnacle Foods' Executive Vice
President and Chief Commercial Officer where he was responsible for
overseeing its multi-billion dollar grocery and frozen segments
which represented the vast majority of Pinnacle Foods' consolidated
sales and profitability. In this role, he led all key
commercial functions, including sales, marketing strategy,
innovation, product development, package design, commercialization,
productivity, consumer insights and shopper marketing. During
Schiller's tenure at Pinnacle Foods, he successfully helped
orchestrate a multi-year turnaround and delivered record market
share gains, sales growth, gross margin and profit growth.
Andrew R. Heyer, Hain Celestial's
Lead Director commented, "After an extensive search with many
qualified candidates, we are thrilled that Mark Schiller will join Hain Celestial as the
next Chief Executive Officer. Mark is a highly accomplished
consumer packaged foods executive with an impressive track record
of reinvigorating growth and improving margins for many iconic
brands. Under Mark's leadership, Hain Celestial will accelerate its
business transformation through the execution of our four-point
strategic plan investing in top brands and capabilities to grow
globally, delivering on Project Terra cost savings, continually
enhancing leadership across the organization, and building upon our
enviable position as a leader in organic, natural and
better-for-you products, to create sustainable, long-term value for
our stockholders."
Irwin D. Simon stated, "Mark is
an incredibly talented executive and I am confident he can lead
Hain Celestial in its next phase of growth to generate value for
all of our stakeholders. His disciplined management style,
entrepreneurial spirit and relentless passion for profitable growth
will serve Hain Celestial well as our team works to further advance
our strategic objectives."
Mark L. Schiller commented, "I am
excited and honored to have the opportunity to lead Hain Celestial,
and have long admired the Company's vision and mission for its
organic, natural and better-for-you brands. I am proud of what we
accomplished during my eight years at Pinnacle Foods, and believe
in driving continuous operational improvements while making
disciplined investments in innovation and brand building to achieve
success at Hain Celestial. I look forward to working with the team
as we build upon the Company's strong foundation and take Hain
Celestial's business to the next level of growth."
About The Hain Celestial Group, Inc.
The Hain Celestial Group (Nasdaq: HAIN), headquartered in
Lake Success, NY, is a leading
organic and natural products company with operations in
North America, Europe, Asia
and the Middle East. Hain
Celestial participates in many natural categories with well-known
brands that include Alba Botanica®, Almond Dream®, Arrowhead
Mills®, Avalon Organics®, Bearitos®, Better Bean®, BluePrint®,
Casbah®, Celestial Seasonings®, Clarks™, Coconut Dream®, Cully
& Sully®, Danival®, DeBoles®, Earth's Best®, Ella's Kitchen®,
Empire®, Europe's Best®, Farmhouse
Fare™, Frank Cooper's®, FreeBird®,
Gale's®, Garden of Eatin'®, GG UniqueFiber™, Hain Pure Foods®,
Hartley's®, Health Valley®, Imagine®, JĀSÖN®, Johnson's Juice Co.®,
Joya®, Kosher Valley®, Lima®, Linda
McCartney's® (under license), Live Clean®, MaraNatha®,
Mary Berry (under license), Natumi®,
New Covent Garden Soup Co.®, Orchard House®, Plainville Farms®,
Queen Helene®, Rice Dream®, Robertson's®, Rudi's Gluten-Free
Bakery®, Rudi's Organic Bakery®, Sensible Portions®, Spectrum
Organics®, Soy Dream®, Sun-Pat®, Sunripe®, SunSpire®, Terra®, The
Greek Gods®, Tilda®, Walnut Acres®, WestSoy®, Yorkshire Provender®,
Yves Veggie Cuisine® and William's™. Hain Celestial has been
providing A Healthier Way of LifeTM since 1993. For more
information, visit www.hain.com.
Safe Harbor Statement
Certain statements contained in this press release constitute
"forward-looking statements" within the meaning of federal
securities laws, including the Private Securities Litigation Reform
Act of 1995. Forward-looking statements are predictions based on
expectations and projections about future events and are not
statements of historical fact. You can identify forward-looking
statements by the use of forward-looking terminology such as
"plan", "continue", "expect", "anticipate", "intend", "predict",
"project", "estimate", "likely", "believe", "might", "seek", "may",
"will", "remain", "potential", "can", "should", "could", or
"future" or the negative of those expressions, or similar words or
phrases that are predictions of or indicate future events or trends
and that do not relate solely to historical matters. You can also
identify forward-looking statements by discussions of results of
operations and strategy, including our four-point strategic plan of
investing in top brands and capabilities to grow globally,
delivering on Project Terra cost savings, continually enhancing
leadership across the organization, and brand positioning to create
long term value for the Company's stockholders.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
levels of activity, performance or achievements of the Company, or
industry results, to be materially different from any future
results, levels of activity, performance or achievements expressed
or implied by such forward-looking statements, and you should not
rely on them as predictions of future events. Forward-looking
statements depend on assumptions, data or methods that may be
incorrect or imprecise and may not be able to be realized. We do
not guarantee that the transactions and events described will
happen as described (or that they will happen at all). Such
factors, include, among others, the Company's beliefs or
expectations relating to our ability to execute and realize cost
savings initiatives, including, but not limited to, cost reduction
initiatives under Project Terra and stock-keeping unit ("SKU")
rationalization plans and the other risks detailed from
time-to-time in the Company's reports filed with the United States
Securities and Exchange Commission, including the Annual Report on
Form 10-K for the fiscal year ended June 30,
2018, and our quarterly reports. As a result of the
foregoing and other factors, the Company cannot provide any
assurance regarding future results, levels of activity and
achievements of the Company, and neither the Company nor any person
assumes responsibility for the accuracy and completeness of these
statements. All forward-looking statements contained herein apply
as of the date hereof or as of the date they were made and, except
as required by applicable law, the Company disclaims any obligation
to publicly update or revise any forward-looking statement to
reflects changes in underlying assumptions or factors of new
methods, future events or other changes.
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SOURCE The Hain Celestial Group, Inc.