Energizer Changes Leadership for Planned Split
In November 2012, Energizer Holdings, Inc. announced its plans for a multi-year restructuring program that included the closing of multiple manufacturing facilities, the streamlining of others, and consolidating support across the organization. Fast forward to April 2014, and the company revealed yet another massive plan to split into two companies. The planned separation, scheduled to be complete in the second half of the 2015 fiscal year, will create two independent public companies in the Household Products and Personal Care segments.
At that time, it was noted that, upon completion of the separation, current Chief Executive Officer Ward Klein would serve as Executive Chairman of the Board of the standalone Personal Care company while David Hatfield, currently President and Chief Executive Officer of Energizer Personal Care, would step into the role of Chief Executive Officer of the standalone Personal Care company. J. Patrick Mulcahy, currently Chairman of the Board, is expected to serve as Executive Chairman of the Board of standalone Household Products. Alan Hoskins, currently President and Chief Executive Officer of Energizer Household Products, is expected to serve as Chief Executive Officer of standalone Household Products. Further details about the Board and management teams of the separate companies will be provided at a later date.
Energizer today released more details of the company's leadership transition plan, this time for the finance organization. Dan Sescleifer, who has served as Energizer's Chief Financial Officer since 2001, informed the company that he intends to depart following completion of the separation. Sescleifer will continue to serve as Energizer's CFO through the completion of the split, which is expected to occur by July 1, 2015.
Klein commented on the news, "On behalf of everyone at Energizer, I am deeply grateful for Dan's invaluable service to Energizer for the past 14 years. Dan has been an integral member of Energizer's senior executive team, and his integrity and leadership have been instrumental in helping build Energizer into the company it is today. We look forward to continuing to benefit from Dan's experience and leadership as we continue to work diligently to complete the planned separation of our businesses and position each company for its next phase of growth and development."
Consequently, Sandy Sheldon, who serves as the company's Vice President, Finance, has been named Chief Financial Officer of the Personal Care business. Brian Hamm, who serves as the company's Controller and Chief Accounting Officer, has been named Chief Financial Officer of the Household Products business. These appointments will be effective upon completion of the planned separation.
Sheldon has been the Vice President, Finance of the company since 2006 and in positions of increasing responsibility within Energizer prior to that date. Prior to joining Energizer, she served as Manager, Internal Audit of Ralston Purina from 1986 to 1993 and as an auditor with PriceWaterhouseCoopers.
Hamm has been the Chief Accounting Officer, Vice President and Controller of the company since 2013. He served as Vice President, Global Business Transformation from 2012 to 2013. Hamm joined Energizer in 2008 and served as its Vice President of Global Finance - Energizer Household Products from 2009 to 2012. Prior to joining Energizer, he served as a Vice President of Domestic Planning at PepsiAmericas. Hamm holds a Bachelor of Science degree in Accountancy from the University of Illinois and obtained his Certified Public Accountant designation in 1995.
At that time, it was noted that, upon completion of the separation, current Chief Executive Officer Ward Klein would serve as Executive Chairman of the Board of the standalone Personal Care company while David Hatfield, currently President and Chief Executive Officer of Energizer Personal Care, would step into the role of Chief Executive Officer of the standalone Personal Care company. J. Patrick Mulcahy, currently Chairman of the Board, is expected to serve as Executive Chairman of the Board of standalone Household Products. Alan Hoskins, currently President and Chief Executive Officer of Energizer Household Products, is expected to serve as Chief Executive Officer of standalone Household Products. Further details about the Board and management teams of the separate companies will be provided at a later date.
Energizer today released more details of the company's leadership transition plan, this time for the finance organization. Dan Sescleifer, who has served as Energizer's Chief Financial Officer since 2001, informed the company that he intends to depart following completion of the separation. Sescleifer will continue to serve as Energizer's CFO through the completion of the split, which is expected to occur by July 1, 2015.
Klein commented on the news, "On behalf of everyone at Energizer, I am deeply grateful for Dan's invaluable service to Energizer for the past 14 years. Dan has been an integral member of Energizer's senior executive team, and his integrity and leadership have been instrumental in helping build Energizer into the company it is today. We look forward to continuing to benefit from Dan's experience and leadership as we continue to work diligently to complete the planned separation of our businesses and position each company for its next phase of growth and development."
Consequently, Sandy Sheldon, who serves as the company's Vice President, Finance, has been named Chief Financial Officer of the Personal Care business. Brian Hamm, who serves as the company's Controller and Chief Accounting Officer, has been named Chief Financial Officer of the Household Products business. These appointments will be effective upon completion of the planned separation.
Sheldon has been the Vice President, Finance of the company since 2006 and in positions of increasing responsibility within Energizer prior to that date. Prior to joining Energizer, she served as Manager, Internal Audit of Ralston Purina from 1986 to 1993 and as an auditor with PriceWaterhouseCoopers.
Hamm has been the Chief Accounting Officer, Vice President and Controller of the company since 2013. He served as Vice President, Global Business Transformation from 2012 to 2013. Hamm joined Energizer in 2008 and served as its Vice President of Global Finance - Energizer Household Products from 2009 to 2012. Prior to joining Energizer, he served as a Vice President of Domestic Planning at PepsiAmericas. Hamm holds a Bachelor of Science degree in Accountancy from the University of Illinois and obtained his Certified Public Accountant designation in 1995.