Sector News

Simon stepping down as CEO of the Hain Celestial Group

June 25, 2018
Food & Drink

A search is underway for a new chief executive officer at the Hain Celestial Group. Once a candidate is identified, Irwin D. Simon, the current president and c.e.o., will step aside and become non-executive chairman of the company.

“Irwin is an incredible entrepreneur and pioneer in the organic and natural foods industry, where he started with a vision and built it into a $3 billion company,” said Andrew R. Heyer, lead director of the company’s board. “On behalf of the board of directors and the entire Hain Celestial team, I want to thank Irwin for his vision, leadership, commitment and tremendous contributions over his distinguished 25-year career since founding Hain Celestial.”

The company did not provide a timeline for when it expects the succession process to be completed.

“When I founded the company 25 years ago, one of my goals was to educate and change the way the world eats and lives through a relentless focus on providing organic, natural and better-for-you products to consumers,” Mr. Simon said. “I am incredibly proud of the company we have built. It has been a privilege to lead our dedicated team and drive our mission forward.”

Mr. Heyer added that in addition to seeking a new c.e.o., the board also continues to consider strategic alternatives for the company. The company is currently in the process of divesting its Hain Pure Protein business, which processes organic fresh poultry.

By Keith Nunes

Source: Food Business News

comments closed

Related News

July 3, 2022

Heineken to take control of Long Chuan Zuan Co brewery

Food & Drink

Heineken has entered into an agreement with Sanyo Whisbih Group to take over majority ownership of the Long Chuan Zuan Co brewery in Taiwan. With this investment in local production, Heineken says it will become the first international brewer to have a brewery in the country.

July 3, 2022

Mondelēz to reopen damaged potato chip plant in Ukraine

Food & Drink

Mondelēz International plans to reopen a potato chip plant, located on the outskirts of Kyiv, that was damaged in the ongoing Russia-Ukraine conflict, according to Reuters. The facility, which was closed in March after suffering serious damage, will resume production while still undergoing repairs, a company spokesperson told Reuters.

July 3, 2022

Diageo to wind down operations in Russia

Food & Drink

Diageo has announced it will wind down its Russian business operations over the next six months, with plans to fully withdraw by the end of the year, according to Reuters. In March, the drinks giant suspended all exports of its products to Russia as well as the manufacturing of its beers, which are brewed locally under license by third parties.