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SOURCE Energizer Holdings, Inc.
ST. LOUIS, Aug. 28, 2014 /PRNewswire/ -- Energizer Holdings, Inc. (NYSE: ENR) today announced the anticipated executive leadership teams of the Personal Care and Household Products businesses following the planned separation of Energizer, expected to occur by July 1, 2015.
"We are excited to have such an experienced and talented group of individuals to lead Energizer's Personal Care and Household Products businesses as each company moves forward independently," said Ward Klein, Energizer's Chief Executive Officer. "These individuals bring a unique blend of experiences, talents and expertise, along with commitment and passion for these businesses. These teams were carefully selected to lead each company on the path forward, and we are confident in their ability to drive substantial growth and generate significant value for our shareholders."
The following individuals are expected to join the leadership team of the Personal Care company:
As previously announced, upon the expected completion of the separation, Ward Klein, Energizer's Chief Executive Officer, will serve as Executive Chairman of the Board of standalone Personal Care. David Hatfield, President and Chief Executive Officer of Energizer Personal Care, will serve as Chief Executive Officer of the Personal Care company. Sandy Sheldon, who serves as Energizer's Vice President, Finance, was named Chief Financial Officer of the Personal Care company.
"Today is an exciting day for the future Personal Care organization and I believe we have chosen a strong team capable of bringing a global mindset and innovative thinking to every part of our business," said David Hatfield, future CEO of the Personal Care business. "These executives provide the experience and enthusiasm required to execute on our vision of a challenger mentality and strategy of strengthening our brands in the marketplace, capturing opportunities for growth and positioning ourselves as market leaders. I look forward to working alongside the rest of the executive team to help lead our business through this transition and beyond."
The following individuals are expected to join the leadership team of the Household Products company:
As previously announced, J. Patrick Mulcahy, Chairman of the Energizer Board of Directors, is expected to serve as Executive Chairman of the Board of the Household Products company. Alan Hoskins, President and Chief Executive Officer of Energizer Household Products, is expected to serve as Chief Executive Officer of the Household Products company. Brian Hamm, who serves as Energizer's Controller and Chief Accounting Officer, was named as the Chief Financial Officer of the Household Products company.
Alan Hoskins, future CEO of the Household Products business, said, "I am pleased to introduce these members of the Household Products leadership team. Each of these individuals possesses the leadership qualities, experience and passion to best meet our near- and long-term strategic, financial, and operational goals. They will drive our efforts to realize our financial goals, stabilize profits, and create value for our shareholders. I am confident in this team and in our future, and I look forward to partnering with these exceptional leaders as we transition into a standalone company."
The following are brief biographies of those individuals who are expected to serve on the executive team of Energizer's Personal Care business:
The following are brief biographies of those individuals who are expected to serve on the executive team of Energizer's Household Products business:
Energizer Holdings, Inc. is a consumer goods company operating globally in the broad categories of personal care and household products. The Personal Care Division offers a diversified range of consumer products in the wet shave, skin care, feminine care and infant care categories with well-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; Playtex® infant feeding, Diaper Genie® and gloves; Banana Boat® and Hawaiian Tropic® sun care products; and Wet Ones® moist wipes. The Household Products Division offers consumers a broad range of household and specialty batteries and portable lighting products, anchored by the universally recognized Energizer® and Eveready® brands. The company markets its products throughout most of the world. Energizer Holdings, Inc. is traded on the NYSE under the ticker symbol ENR.
This document contains both historical and forward-looking statements. Forward-looking statements are not based on historical facts but instead reflect our expectations, estimates or projections concerning future results or events, including, without limitation, statements regarding the planned separation of the Household Products and Personal Care businesses, the timing of any such separation, the future earnings and performance of Energizer Holdings or any of its businesses, including the Household Products and Personal Care businesses on a standalone basis if the separation is completed. These statements generally can be identified by the use of forward-looking words or phrases such as "believe," "expect," "expectation," "anticipate," "may," "could," "intend," "belief," "estimate," "plan," "target," "predict," "likely," "will," "should," "forecast," "outlook," or other similar words or phrases. These statements are not guarantees of performance and are inherently subject to known and unknown risks, uncertainties and assumptions that are difficult to predict and could cause our actual results to differ materially from those indicated by those statements. We cannot assure you that any of our expectations, estimates or projections will be achieved. The forward-looking statements included in this document are only made as of the date of this document and we disclaim any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances. Numerous factors could cause our actual results and events to differ materially from those expressed or implied by forward-looking statements, including, without limitation:
-- Whether the separation of the Household Products and Personal Care businesses is completed, as expected or at all, and the timing of any such separation;
-- Whether the conditions to the separation can be satisfied;
-- Whether the operational, marketing and strategic benefits of the separation can be achieved;
-- Whether the costs and expenses of the separation can be controlled within expectations;
-- General market and economic conditions;
-- Market trends in the categories in which we operate;
-- The success of new products and the ability to continually develop and market new products;
-- Our ability to attract, retain and improve distribution with key customers;
-- Our ability to continue planned advertising and other promotional spending;
-- Our ability to timely execute strategic initiatives, including restructurings, in a manner that will positively impact our financial condition and results of operations and does not disrupt our business operations;
-- The impact of strategic initiatives, including restructurings, on our relationships with employees, customers and vendors;
-- Our ability to maintain and improve market share in the categories in which we operate despite heightened competitive pressure;
-- Our ability to improve operations and realize cost savings;
-- The impact of raw material and other commodity costs;
-- The impact of foreign currency exchange rates and currency controls, particularly in Venezuela and Argentina, as well as offsetting hedges;
-- Goodwill impairment charges resulting from declines in profitability or estimated cash flows related to intangible assets or market valuations for similar assets;
-- Our ability to acquire and integrate businesses, and to realize the projected results of acquisitions;
-- The impact of advertising and product liability claims and other litigation;
-- Compliance with debt covenants as well as the impact of interest and principal repayment of our existing and any future debt; or
-- The impact of legislative or regulatory determinations or changes by federal, state and local, and foreign authorities, including taxing authorities.
In addition, other risks and uncertainties not presently known to us or that we consider immaterial could affect the accuracy of any such forward-looking statements. The list of factors above is illustrative, but by no means exhaustive. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Additional risks and uncertainties include those detailed from time to time in Energizer's publicly filed documents, including our annual report on Form 10-K for the year ended September 30, 2013 and our quarterly report on Form 10-Q for the period ended June 30, 2014.
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