Energizer Holdings, Inc. Announces Appointment of Don Mulligan to Board of Directors

Rhea-AI Summary

Energizer Holdings (NYSE: ENR) has appointed Don Mulligan as an independent director, effective April 1, 2021. Mulligan, who previously served as CFO of General Mills, brings over 30 years of experience in the consumer products sector. His expertise aligns with Energizer's strategic goals to enhance operational excellence and drive growth. This change comes as Alan Hoskins, the former CEO, retires from the Board, marking a planned transition. The Board will now consist of 11 directors, with 10 being independent.

Positive

• Don Mulligan's extensive experience and financial expertise may enhance governance and strategic direction.
• The addition of Mulligan can strengthen the Board's competencies in business analytics and global expansion.

Negative

• The departure of Alan Hoskins raises concerns about continuity in leadership.

ST. LOUIS, March 30, 2021 /PRNewswire/ -- Energizer Holdings, Inc. (NYSE: ENR) today announced the appointment of Don Mulligan as an independent director, effective April 1, 2021. 

Mr. Mulligan previously served as the Executive Vice President and Chief Financial Officer of General Mills, Inc. and brings over 30 years of leadership experience at well-known CPG companies. Mr. Mulligan serves on the boards of Herbalife Nutrition and Tennant Co., where he also serves as Audit Committee Chair. 

Patrick Moore, Independent Chairman of the Board, said, "We are pleased to welcome Don to the Board and look forward to benefitting from his deep financial expertise and leadership experience in the consumer product goods industry. Don has a proven track record helping to guide organizations through periods of significant growth and change. His broad industry knowledge and demonstrated strengths in areas including business analytics as well as global expansion complement the Board's existing composition and will help guide Energizer as it executes its strategy to drive top-line momentum, operational excellence and enhanced margins."

Mr. Mulligan's appointment coincides with the departure of Alan Hoskins, the Company's former CEO, who has decided to retire from the Board, effective April 1, 2021. Commenting on his retirement, Mr. Hoskins stated, "The planned CEO and Board transition has progressed seamlessly, and I believe now is an appropriate time for me to step away from the Board to pursue my personal interests."

Mr. Moore continued, "I speak for the full Board in thanking Alan for his decades of dedication to Energizer as well as his support through the leadership transition. Alan's contributions to Energizer and the Board have been invaluable and we wish him nothing but the best in his well-deserved retirement."

Mr. Mulligan will serve as a member of the Audit Committee and the Finance and Oversight Committee. Following the changes announced today, the Board will comprise 11 directors, 10 of whom are independent.

About Energizer Holdings, Inc.

Energizer Holdings, Inc. (NYSE: ENR), headquartered in St. Louis, Missouri, is one of the world's largest manufacturers and distributors of primary batteries, portable lights, and auto care appearance, performance, refrigerant, and fragrance products. Our portfolio of globally recognized brands include Energizer®, Armor All®, Eveready®, Rayovac®, STP®, Varta®, A/C Pro®, Refresh Your Car! ®, California Scents®, Driven®, Bahama & Co. ®, LEXOL®, Eagle One®, Nu Finish®, Scratch Doctor®, and Tuff Stuff®. As a global branded consumer products company, Energizer's mission is to lead the charge to deliver value to our customers and consumers better than anyone else.

View original content to download multimedia:http://www.prnewswire.com/news-releases/energizer-holdings-inc-announces-appointment-of-don-mulligan-to-board-of-directors-301258821.html

SOURCE Energizer Holdings, Inc.

FAQ

Who is Don Mulligan and what is his role at Energizer Holdings (ENR)?

Don Mulligan has been appointed as an independent director effective April 1, 2021.

What experience does Don Mulligan bring to Energizer (ENR)?

Mulligan has over 30 years of leadership experience, including serving as CFO of General Mills.

Why is Alan Hoskins leaving the Board of Energizer Holdings (ENR)?

Alan Hoskins is retiring to pursue personal interests, as part of a planned leadership transition.

What are the changes in the Energizer Holdings Board structure following the appointment of Don Mulligan?

The Board will now consist of 11 directors, 10 of whom are independent.