Edgewell Personal Care Announces Executive Leadership Changes to Position Company for Continued Growth
Edgewell Personal Care (NYSE: EPC) announced key executive leadership changes and organizational restructuring to drive growth. Dan Sullivan, current CFO and President of Europe and Latin America, is appointed Chief Operating Officer (COO), effective immediately. Francesca Weissman, Senior VP of Finance and Business Strategy, will become Chief Financial Officer (CFO) on December 1, 2024. The company is streamlining its International markets under Sullivan's leadership, consolidating Europe, Latin America, Japan, and China operations.
CEO Rod Little will temporarily oversee North America operations as Eric O'Toole steps down. These changes aim to enhance decision-making speed, improve execution, and support Edgewell's goal of consistent top- and bottom-line growth. The company reported positive Q3 results, with modest organic growth and improved gross margins, leading to an increased outlook for fiscal 2024 Adjusted EBITDA and EPS.
Edgewell Personal Care (NYSE: EPC) ha annunciato importanti cambiamenti nella leadership esecutiva e una ristrutturazione organizzativa per favorire la crescita. Dan Sullivan, attuale CFO e Presidente di Europa e America Latina, è stato nominato Chief Operating Officer (COO), con effetto immediato. Francesca Weissman, Senior VP di Finanza e Strategia Aziendale, diventerà Chief Financial Officer (CFO)
Il CEO Rod Little supervisionerà temporaneamente le operazioni in Nord America mentre Eric O'Toole si dimette. Questi cambiamenti mirano a migliorare la velocità decisionale, ottimizzare l'esecuzione e supportare l'obiettivo di Edgewell di una crescita costante sia del fatturato che del risultato netto. L'azienda ha riportato risultati positivi nel terzo trimestre, con una modesta crescita organica e margini lordi migliorati, portando a una revisione al rialzo delle previsioni per l'Adjusted EBITDA e l'EPS per l'anno fiscale 2024.
Edgewell Personal Care (NYSE: EPC) anunció cambios clave en el liderazgo ejecutivo y una reestructuración organizativa para impulsar el crecimiento. Dan Sullivan, actual CFO y Presidente de Europa y América Latina, ha sido nombrado Chief Operating Officer (COO), con efecto inmediato. Francesca Weissman, Vicepresidenta Senior de Finanzas y Estrategia Comercial, se convertirá en Chief Financial Officer (CFO) el 1 de diciembre de 2024. La empresa está simplificando sus mercados internacionales bajo el liderazgo de Sullivan, consolidando operaciones en Europa, América Latina, Japón y China.
El CEO Rod Little supervisará temporalmente las operaciones en América del Norte mientras Eric O'Toole renuncia. Estos cambios tienen como objetivo mejorar la velocidad de toma de decisiones, optimizar la ejecución y apoyar el objetivo de Edgewell de un crecimiento constante tanto en la parte superior como inferior de las ganancias. La empresa reportó resultados positivos en el tercer trimestre, con un crecimiento orgánico modesto y márgenes brutos mejorados, lo que llevó a una perspectiva más optimista para el EBITDA ajustado y EPS del año fiscal 2024.
Edgewell Personal Care (NYSE: EPC)는 성장을 촉진하기 위해 주요 임원 리더십 변화 및 조직 재구성을 발표했습니다. Dan Sullivan은 현재 CFO이자 유럽 및 라틴 아메리카의 사장으로, 즉시 Chief Operating Officer (COO)로 임명되었습니다. Francesca Weissman은 재무 및 비즈니스 전략 수석 부사장으로, 2024년 12월 1일부터 Chief Financial Officer (CFO)가 될 것입니다. 회사는 Sullivan의 리더십 아래 유럽, 라틴 아메리카, 일본 및 중국의 국제 시장을 통합하고 있습니다.
CEO Rod Little은 Eric O'Toole이 사임하는 동안 북미 운영을 임시로 감독할 것입니다. 이러한 변화는 의사 결정 속도를 높이고 실행을 개선하며 Edgewell의 일관된 매출 및 순이익 성장 목표를 지원하기 위한 것입니다. 회사는 3분기 긍정적인 실적을 보고했으며, 소폭의 유기적 성장과 개선된 총 이익률을 기록하여 2024 회계연도 조정된 EBITDA 및 EPS에 대한 전망을 상향 조정하게 되었습니다.
Edgewell Personal Care (NYSE: EPC) a annoncé des changements clés dans la direction exécutive et une restructuration organisationnelle pour stimuler la croissance. Dan Sullivan, actuel CFO et Président de l'Europe et de l'Amérique latine, est nommé Chief Operating Officer (COO), avec effet immédiat. Francesca Weissman, Vice-Présidente Senior des Finances et de la Stratégie Commerciale, deviendra Chief Financial Officer (CFO) le 1er décembre 2024. L'entreprise rationalise ses marchés internationaux sous la direction de Sullivan, consolidant les opérations en Europe, en Amérique latine, au Japon et en Chine.
Le PDG Rod Little supervisera temporairement les opérations en Amérique du Nord pendant qu'Eric O'Toole démissionne. Ces changements visent à améliorer la rapidité de prise de décision, à optimiser l'exécution et à soutenir l'objectif d'Edgewell d'une croissance constante tant au niveau du chiffre d'affaires que des bénéfices. L'entreprise a annoncé des résultats positifs pour le troisième trimestre, avec une croissance organique modeste et des marges brutes améliorées, ce qui a conduit à une prévision accrue pour l'EBITDA ajusté et l'EPS pour l'exercice 2024.
Edgewell Personal Care (NYSE: EPC) hat wichtige Veränderungen in der Führungsetage sowie eine organisatorische Umstrukturierung angekündigt, um das Wachstum voranzutreiben. Dan Sullivan, derzeit CFO und Präsident für Europa und Lateinamerika, wurde mit sofortiger Wirkung zum Chief Operating Officer (COO) ernannt. Francesca Weissman, Senior VP für Finanzen und Unternehmensstrategie, wird am 1. Dezember 2024 Chief Financial Officer (CFO) werden. Das Unternehmen optimiert seine internationalen Märkte unter der Leitung von Sullivan und konsolidiert die Geschäfte in Europa, Lateinamerika, Japan und China.
CEO Rod Little wird vorübergehend die Nordamerika-Operations leiten, während Eric O'Toole zurücktritt. Diese Veränderungen zielen darauf ab, die Entscheidungsfindung zu beschleunigen, die Ausführung zu verbessern und Edgewells Ziel eines konsistenten Wachstums von Umsatz und Gewinn zu unterstützen. Das Unternehmen berichtete über positive Ergebnisse im dritten Quartal, mit moderatem organischen Wachstum und verbesserten Bruttogewinnen, was zu einer optimistischeren Prognose für das bereinigte EBITDA und den EPS im Geschäftsjahr 2024 führte.
- Appointment of experienced COO Dan Sullivan to streamline operations and enhance execution
- Promotion of Francesca Weissman to CFO, ensuring continuity in financial leadership
- Consolidation of International markets for simplified structure and improved focus
- Reported positive Q3 results with organic growth and improved gross margins
- Increased outlook for fiscal 2024 Adjusted EBITDA and EPS
- Departure of Eric O'Toole as President of North America, requiring a new search for replacement
- Temporary oversight of North America operations by CEO, potentially stretching leadership focus
Dan Sullivan appointed Chief Operating Officer; Francesca Weissman promoted to Chief Financial Officer
Company streamlines International markets; increases focus on commercial innovation and operational execution
"As the results we reported this morning illustrate, our strategy is working. We delivered modestly positive topline organic growth and another quarter of healthy year-over-year gross margin accretion. As a result, we have increased our Adjusted EBITDA and Adjusted EPS outlook for fiscal 2024. With these strategic changes, Edgewell is well-positioned to further capitalize on the growth opportunities we see in the markets we serve," said Rod Little, President and Chief Executive Officer of Edgewell Personal Care. "I'm confident that the changes we are making to our leadership team and operating structure will help bolster our global business, strengthen our consumer-centric innovation platform and accelerate our efforts to continue to drive meaningful gross margin accretion, all in support of our overarching goal of delivering consistent and sustainable top- and bottom-line growth."
COO Appointment and CFO Promotion
Dan Sullivan, currently CFO and President of
In his role as COO, Sullivan will be responsible for continuing to drive and grow the Company's International markets under a newly consolidated International business. Additionally, while continuing to have purview over Finance, IT, Strategy, M&A and Business Development, he will now also oversee Global Operations, Supply Chain and Corporate Sustainability.
Sullivan joined Edgewell in 2019 and has more than three decades of experience in corporate finance, strategy and operations. Prior to Edgewell, Sullivan successfully led financial and operational functions across various global retail and CPG organizations.
Francesca Weissman, currently Senior Vice President of Finance and Business Strategy, will assume the role of CFO effective December 1, 2024. Weissman will report to Sullivan and continue to lead all aspects of corporate FP&A and commercial and operational finance. Her additional responsibilities as CFO will include oversight of Controllership and Accounting, Investor Relations, Internal Audit, Tax, and Treasury. She will work closely with Sullivan in the months leading up to her officially taking the role to ensure a smooth and seamless transition.
Weissman joined Edgewell in 2019 and has over 25 years of broad finance experience across all aspects of finance, M&A and corporate strategy. Prior to Edgewell, she held senior leadership roles of increasing scope and responsibility across various industries with global, publicly held organizations.
"I have seen Dan's dedication to the business firsthand and recognize his successful scaling of growth in
Organizational Changes
In addition to strengthening its executive leadership team, Edgewell is also streamlining its International markets – to simplify its operating structure, allow for greater focus on commercial innovation and operational execution and better position the Company for sustainable top- and bottom-line growth.
All international businesses, including
Rod Little and Eric O'Toole, President of
"Eric joined us in 2020 and led our North American business' return to growth in fiscal 2021 through fiscal 2023. He has been a great partner who built a new and improved organization structure and drove significant improvement in team engagement," said Little.
Q3 Earnings
Edgewell also today announced results for its third fiscal quarter 2024 and will host a live webcast of the earnings conference call at 8:00 a.m. Eastern Time. To access the webcast, press release, and other supporting materials, please visit the Company's investor relations website: https://ir.edgewell.com/.
About Edgewell Personal Care
Edgewell is a leading pure-play consumer products company with an attractive, diversified portfolio of established brand names including Schick® and Wilkinson Sword® men's shaving products; Schick® and Billie® women's shaving products; Edge® and Skintimate® shave preparations; Playtex®, Stayfree®, Carefree® and o.b.® feminine care products; Banana Boat® and Hawaiian Tropic® sun care products; Bulldog®, Jack Black® and Cremo® grooming products; Fieldtrip™ skin care products; and Wet Ones® hygiene products. The Company has a broad global footprint and operates in more than 50 markets, including the
This document contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on these statements. Forward-looking statements generally can be identified by the use of 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 based on historical facts, but instead reflect the Company's expectations, estimates or projections concerning future results or events, including, without limitation statements regarding our Adjusted EBITDA and Adjusted EPS outlook for fiscal 2024, our strategy and growth opportunities and the executive leadership team transitions. Many factors outside our control could affect the realization of these estimates. 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 the Company's actual results to differ materially from those indicated by those statements. The Company cannot assure you that any of its 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 the Company disclaims any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances, except as required by law. You should not place undue reliance on these statements.
In addition, other risks and uncertainties not presently known to the Company or that it presently considers immaterial could significantly affect the accuracy of any such forward-looking statements. Risks and uncertainties include those detailed from time to time in the Company's publicly filed documents, including in Item 1A. Risk Factors of Part I of the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on November 28, 2023.
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SOURCE Edgewell Personal Care Company
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