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Hain Celestial appoints Alison Lewis as president, CEO on permanent basis
Yahoo Finance· 2025-12-15 13:03
Core Viewpoint - Hain Celestial has appointed Alison Lewis as the permanent president and CEO, following her interim role for seven months, aiming to reposition the company for a stronger future [1][3]. Group 1: Leadership and Strategy - Alison Lewis, with a background in major companies like Kimberly-Clark and Coca-Cola, has been on Hain's board since September and took on the CEO role in May [1][3]. - Lewis has initiated plans to cut approximately 30% of the company's SKUs in North America, focusing on exiting unprofitable or low-margin products to enhance growth and profitability [2][5]. - The company is committed to a disciplined portfolio management review process to continuously assess and optimize its product offerings, aiming to improve supply chain efficiency and shelf productivity [5]. Group 2: Financial and Operational Focus - Hain Celestial has engaged Goldman Sachs to assist with a portfolio review, indicating a strategic approach to managing its diverse product lines, which include snacks, meal preparation, baby foods, beverages, and personal-care products [4]. - The board has expressed confidence in Lewis's leadership, noting her bold cost-reduction measures and the turnaround agenda aimed at driving margins and growth [5].