News

Energizer Holdings announces Personal Care, Household Products leadership teams

BY Antoinette Alexander

ST. LOUIS — Energizer Holdings has announced the executive leadership teams for 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," stated Ward Klein, Energizer's CEO. "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:

  • Sandy Sheldon, CFO
  • Manish Shanbhag, VP, general counsel and secretary
  • Al Robertson, chief marketing officer
  • John Hill, VP, commercial North America
  • Colin Hutchison, VP, commercial International
  • Dave VerNooy, VP, global operations and RDE
  • Peter Conrad, chief administrative officer
  • Tony Bender, CIO
  • Teresa Ceotto, VP, human resources

As previously announced, upon the expected completion of the separation, Klein will serve as executive chairman of the board of stand-alone Personal Care. David Hatfield, president and CEO of Energizer Personal Care, will serve as CEO of the Personal Care company.  Sheldon, who serves as Energizer's VP, finance, was named CFO of the Personal Care company.

The following individuals are expected to join the leadership team of the Household Products company:

  • Brian Hamm, EVP and CFO
  • Michelle Atkinson, chief consumer officer
  • Dan Carpenter, chief innovation officer
  • Greg Kinder, EVP and chief supply chain officer
  • Mark LaVigne, EVP and COO
  • Brandon Davis, chief business officer the Americas
  • Patrick Hédouin, chief business officer International
  • Kelly Boss, VP, general counsel and secretary
  • Sue Drath, chief human resource officer

As previously announced, J. Patrick Mulcahy, chairman of the Energizer board of directors, is expected to serve as chairman of the board of the Household Products company. Alan Hoskins, president and CEO of Energizer Household Products, is expected to serve as CEO of the Household Products company. Hamm, who serves as Energizer's controller and chief accounting officer, was named as the CFO of the Household Products company.

 

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

Which area of the industry do you think Amazon’s entry would shake up the most?
News

FDA approves Vimpat C-V as monotherapy in the treatment of partial-onset seizures

BY Michael Johnsen

BRUSSELS, Belgium — UCB on Monday announced that the Food and Drug Administration has approved a supplemental new drug application for Vimpat (lacosamide) C-V as monotherapy in the treatment of partial-onset seizures in patients with epilepsy ages 17 years and older.
 
This is a new indication for Vimpat, which is already approved in the United States as an adjunctive treatment for partial-onset seizures in patients in this age group. This new indication means that adults with partial-onset seizures can be initiated on Vimpat monotherapy, and patients already on an anti-epileptic drug can be converted to Vimpat monotherapy.
 
UCB also announced that the FDA has approved a new single loading dose administration option for all formulations of Vimpat, when used as monotherapy or adjunctive therapy in the treatment of partial-onset seizures in patients with epilepsy ages 17 years and older.
 
“People living with epilepsy have individual needs. It’s our aim at UCB to provide as many patients as possible with various options to reduce their seizures," stated Iris Loew Friedrich, UCB chief medical officer and EVP. "Now, physicians and epilepsy patients in the United States have more Vimpat options to treat partial-onset seizures — Vimpat as an initial monotherapy, converting to Vimpat monotherapy and Vimpat as an adjunctive therapy. In addition, based on individual patients’ needs, physicians can choose between Vimpat formulations — tablets, oral solution or injection. Also, initiation of Vimpat as a single loading dose provides physicians with an alternative administration option to the standard titration schedule.” 
 
keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

Which area of the industry do you think Amazon’s entry would shake up the most?
News

Dollar General raises bid for Family Dollar

BY Michael Johnsen

GOODLETTSVILLE, Tenn. — Dollar General on Tuesday sweetened its deal for Family Dollar with an enhanced acquisition proposal with an offer worth about $9.1 billion. Under the terms of the revised proposal, Dollar General would increase its all-cash proposal for all outstanding shares of Family Dollar to $80 per share. To provide even greater certainty of consummation to the Family Dollar board, Dollar General also increased the number of stores that it would be willing to agree to divest to 1,500, if ordered by the Federal Trade Commission and, as further evidence of its confidence in its ability to obtain antitrust approval, has agreed to pay a $500 million reverse break-up fee to Family Dollar relating to antitrust matters. 
 
All other terms and conditions of the proposal remain unchanged.
 
Dollar General's revised proposal provides Family Dollar's shareholders with approximately $640 million of additional aggregate value over Dollar Tree's offer and represents a premium of 31.9% over the closing price of $60.66 for Family Dollar stock on the day prior to the Dollar Tree announcement.
 
"We are confident that our enhanced proposal sufficiently addresses any concerns that led Family Dollar's board of directors to reject our prior proposal without any discussions between our companies," stated Rick Dreiling, Dollar General's chairman and CEO. "Even as a secondary antitrust review supported our previous proposal, we revised our offer to demonstrate the seriousness of our commitment. Our revised proposal provides Family Dollar shareholders with significantly increased value over the existing agreement with Dollar Tree, as well as immediate and certain liquidity for their shares. If the Family Dollar board fails to seize this opportunity to maximize value for its shareholders, we will consider taking our superior proposal directly to the Family Dollar shareholders."
 
Goldman, Sachs & Co. is acting as financial adviser to Dollar General, and Simpson Thacher & Bartlett is acting as its legal counsel.
 
keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

Which area of the industry do you think Amazon’s entry would shake up the most?