Hain Celestial Group Reaching for the Stars with New Leadership

The Hain Celestial Group, Inc, makers of Celestial Seasonings tea, Rudi’s Organic Bread;

Courtesy of Flickr

and many other products in the healthy eating niche, is about to name a new leader.

Its been two months since founder Irwin D. Simon announced his intention to leave is post as president and chief executive officer, and now he said that the board and he are about to complete the process of choosing the person who will take his place.

“I am confident now is the right time for a next generation of leadership, and I firmly believe that some of our greatest opportunities definitely lie ahead,” Mr. Simon said.

The first task of the new president will be to bring back growth to the US division, which the company is presently in the process of “proactively reshaping,” according to Gary W. Tickle, CEO of North America. The company has been, and will continue to cut back on its product portfolio to better focus on and invest in its basic 11 brands and top 500 stock-

keeping units in the USA.

“In 2018, we achieved incremental progress in certain areas of our business from our planned growth investments,” Mr. Tickle said. “Although in total, results for the fourth quarter were below our expectations, we’ve seen positive momentum building in our outlook on core distribution from our most recent round of customer line reviews. We already have confirmed 49,000 net new points of distribution for seven of our top brands across a broad range of retailers and channels. These transformation efforts take time to show tangible results, but these initiatives are translating into improvements in our measured channel numbers.”

James Cannon

About James Cannon

James Cannon is an experienced hedge fund analyst. He has served on the advisory boards for various different Fortune 500 companies as well as serving as an adjunct professor of finance. James Cannon has written for a variety of Financial Magazines both on and off line. Contact James at james[at]businessdistrict.com