Helen of Troy reports G, Scott Uzzell named to become CEO

Helen of Troy reports G, Scott Uzzell named to become CEO

Helen of Troy Limited (NASDAQ: HELE), a leading global consumer products company, has announced the divestiture of its mass market Personal Care business, excluding the Latin America and Caribbean regions, to HRB Brands LLC. The transaction, valued at $44.7 million in cash, was completed on June 8, 2021 [1].

The sale includes iconic brands such as Brut, Pert Plus, Sure, Infusium, and Vitalis. The proceeds from this sale will be used to create further shareholder value, including paying down debt, making accretive acquisitions, and engaging in opportunistic share repurchases [1].

In a significant leadership change, Scott Uzzell has been named to become the new CEO of Helen of Troy. Uzzell, who previously served as the President of the Beauty segment, will take over from Julien R. Mininberg, who has been with the company since 2016 [1].

"Scott brings a wealth of experience and a proven track record of driving growth and innovation in the Beauty segment," said Mininberg. "We are confident that his leadership will help Helen of Troy continue to execute its strategic transformation plan and deliver strong results for our shareholders."

Uzzell commented, "I am honored to take on this new role and lead Helen of Troy. I am excited about the opportunities ahead and look forward to working with the talented team to drive our continued success."

The divestiture of the Personal Care business aligns with Helen of Troy's strategy to focus its resources on its growing portfolio of eight Leadership Brands, including OXO, Hydro Flask, Vicks, Braun, PUR, Honeywell, Drybar, and HOT Tools [1].

References:
[1] https://www.businesswire.com/news/home/20210608005930/en/Helen-of-Troy-Announces-Divestiture-of-Mass-Market-Personal-Care-Business