By Adriano Marchese
Hain Celestial Group said its chief executive officer, Wendy Davidson, has left the company and that it has begun a search for a new candidate while it launches a strategic review of its portfolio.
The health and wellness company said Wednesday that it has set in motion its leadership succession plan to find a new chief executive officer.
The company didn't disclose any details around her departure, but Chair Dawn Zier said that the board believed this was the right time to transition to new leadership.
While it conducts its search for a success, Hain Celestial has appointed Alison Lewis to the role on an interim basis. Lewis has over 30 years of leadership experience in large consumer goods companies, and has been with Hain Celestial's board since September.
Hain Celestial also announced the launch of a strategic review of its portfolio in light of recent performance.
The stock has been under pressure in the year, falling by nearly 54% to $2.77.
The company said there wasn't a definitive timetable for completing the strategic review, and didn't share any details of the review process or scope.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
May 07, 2025 07:39 ET (11:39 GMT)
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