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HOBOKEN, N.J. - Hain Celestial Group (NASDAQ:HAIN), a company known for its health and wellness products, today announced the appointment of Alison Lewis to its Board of Directors. Lewis, a recently retired Chief Growth Officer at Kimberly-Clark and former Coca-Cola executive, will join the board on September 1, 2024, and contribute to the Compensation and Talent Management Committee as well as the Audit Committee.
The addition of Lewis brings the total number of directors to nine, with eight serving independently. Her appointment was confirmed during a board meeting held on Sunday, August 13, 2024. Lewis's career spans over 30 years in the consumer packaged goods (CPG) industry, with senior roles at Kimberly-Clark Corporation (NYSE:KMB), Johnson & Johnson Consumer Health, The Coca-Cola Company (NYSE:KO), and Kraft Heinz (NASDAQ:KHC).
Dawn Zier, Chair of the Board at Hain Celestial Group, welcomed Lewis, citing her "extensive knowledge in global marketing, e-commerce, and digital leadership" as key assets that will support the company's growth strategy and shareholder returns.
Lewis expressed her excitement about joining the Hain board, noting the company's commitment to healthier living and its potential for significant growth. Her experience includes driving marketing and commercial excellence across various global brands and categories, emphasizing digital innovation and revenue growth.
The Hain Celestial Group, headquartered in Hoboken, New Jersey, offers a range of products in the snacks, baby/kids, beverages, meal preparation, and personal care sectors. Its brands are distributed in over 70 countries worldwide.
This news is based on a press release statement. The company's forward-looking statements are subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from those projected. Hain Celestial has stated it will not update forward-looking statements unless required by law.
InvestingPro Insights
As Hain Celestial Group (NASDAQ:HAIN) welcomes Alison Lewis to its Board of Directors, investors and stakeholders may find additional context in recent financial metrics and expert analysis. According to InvestingPro data, Hain Celestial has a market capitalization of $603.75 million, reflecting the current market valuation of the company. Despite a challenging market, with the stock having taken a significant hit over the last six months, resulting in a -30.69% return, analysts are predicting a brighter future. An InvestingPro Tip highlights that net income is expected to grow this year, which may align with the strategic direction Lewis could help steer.
Interestingly, the company's valuation implies a strong free cash flow yield, which is often a positive sign for investors looking for companies with the potential to generate cash. This could be particularly relevant as the company navigates through a period of negative revenue growth, with the last twelve months showing a -2.24% change. Moreover, an InvestingPro Tip points out that Hain Celestial's liquid assets exceed its short-term obligations, suggesting a degree of financial stability in the near term.
For those considering a deeper dive into Hain Celestial's financial health and future prospects, there are additional InvestingPro Tips available, which provide further analysis on the company's shareholder yield, earnings revisions by analysts, and profitability projections. In fact, there are 13 more tips listed on InvestingPro for Hain Celestial, accessible at https://www.investing.com/pro/HAIN, offering a comprehensive look for those interested in an informed investment strategy.
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