Hain Celestial Group Announces Leadership Change and Strategic Review
Hoboken, N.J. – May 7, 2025 — The Hain Celestial Group, Inc. (Nasdaq: HAIN), a prominent global health and wellness company dedicated to promoting healthier living through its better-for-you brands, announced a significant leadership transition today. Wendy Davidson has stepped down from her roles as President, Chief Executive Officer, and Board member, effective immediately.
Interim Leadership Appointment and Succession Planning
In response to Ms. Davidson’s departure, the Hain Board of Directors is actively implementing its leadership succession plan to find the company’s next CEO. To ensure a smooth transition, the Board has appointed Alison E. Lewis as Interim President and CEO. Ms. Lewis, who joined the Board in September 2024, brings over three decades of senior leadership experience within the consumer goods sector.
Dawn Zier, Chair of the Board, emphasized the timing and rationale behind this leadership change, stating, “The Board believes this is the appropriate moment for a leadership transition. We are grateful that Alison Lewis, a highly experienced executive known for her expertise in driving profitable growth and innovation, will lead the company on an interim basis as we search for the next permanent CEO. Our focus during this period remains on maximizing the value of the Hain enterprise.”
Interim CEO’s Vision and Commitments
Upon her appointment, Alison Lewis expressed her dedication to the role, emphasizing her intent to lead with full commitment. “I am eager to guide Hain with the same dedication I would provide as a permanent CEO. Our priority is to enhance operational performance. With a capable leadership team in place, we will continue efforts to improve earnings power, strengthen the balance sheet, and strategically position the company for sustained long-term success,” she remarked.
Comprehensive Strategic Review Underway
Alongside the leadership change, the Hain Celestial Board is conducting a rigorous review of the company’s portfolio and overall strategy. This process is being supported by independent financial advisor Goldman Sachs & Co. The goal is to explore a range of strategic alternatives aimed at unlocking shareholder value.
Chair Dawn Zier commented on this initiative: “Considering recent company performance, the Board has determined that a thorough assessment of Hain’s strategic direction and portfolio is necessary to identify the best path forward for maximizing shareholder value. Throughout this evaluation, we remain committed to operating effectively and focusing on sustainable growth and value creation.”
No specific timeline has been established for the completion of the strategic review. The company plans to withhold further updates until a definitive course of action is approved by the Board or until disclosures become necessary.
Profile of Alison E. Lewis
Alison Lewis brings extensive expertise to her interim leadership role. She has served as an independent director at Hain since September 2024 and boasts a 35-year career in consumer packaged goods.
Her recent role was Chief Growth Officer at Kimberly-Clark Corporation from 2019 until August 2024, where she spearheaded growth strategies across four major categories, emphasizing disciplined revenue expansion and innovation. Prior to that, she was Chief Marketing Officer at Johnson & Johnson Family of Consumer Companies from 2013 to 2019, and before that, Senior Vice President and Chief Marketing Officer for North America at The Coca-Cola Company.
Ms. Lewis’s experience covers both domestic and international markets, and she has a strong background in digital marketing and e-commerce, positioning these channels as critical components of commercial growth and transformation strategies.
About Hain Celestial Group
The Hain Celestial Group is a leading health and wellness company committed to inspiring healthier living for individuals, communities, and the planet through its wide array of better-for-you brands. For over 30 years, Hain has focused intentionally on delivering products that promote nutrition and well-being for today and the future.
Headquartered in Hoboken, New Jersey, Hain Celestial markets and sells its products in more than 70 countries worldwide. Its portfolio includes popular brands across multiple categories such as snacks, baby and kids’ foods, beverages, and meal preparation. Notable brands include Garden Veggie Snacks™, Terra® chips, Garden of Eatin’® snacks, Hartley’s® jelly, Earth’s Best® Organic, Ella’s Kitchen® baby and kids foods, Celestial Seasonings® teas, Joya® and Natumi® plant-based drinks, The Greek Gods® yogurt, Cully & Sully®, Yorkshire Provender®, New Covent Garden®, and Imagine® soups.
Contacts
Investor Relations:
Alexis Tessier
[email protected]
Media Inquiries:
Jen Davis
[email protected]
This transition and strategic review mark a pivotal period for Hain Celestial Group as it seeks to strengthen its market position and deliver long-term value to shareholders.