On May 7, Hain Celestial Group (Hoboken, NJ) announced Wendy Davidson stepped down as president, CEO and member of the Board of Directors.

The company is currently searching for its next CEO and has a “thorough transition plan” in place. Alison E. Lewis, a member of the Board since 2024, is currently serving as interim president and CEO.

“The Board believes this is the right time to transition to new leadership. We appreciate that Alison Lewis, a seasoned executive with vast industry and leadership experience, has agreed to serve as interim president and CEO while we execute our succession plan,” said Dawn Zier, Chair of the Hain Board. “Alison has a track record of driving superior in-market execution, delivering disciplined and profitable revenue growth, and leveraging innovation to create value. During this transition period, we will remain focused on maximizing the value of Hain. On behalf of the entire Board, I want to thank Wendy for her contributions to the Company and wish her the very best in the future.”

Hain also announced the Board is conducting a comprehensive review of the company’s portfolio with the assistance of its independent financial advisor, Goldman Sachs & Co. The review will consider a “broad range of strategic options to enhance value” the company said.

“In light of recent performance, the Board has decided that a thorough evaluation of the Company’s strategy and portfolio is warranted to determine the best approach to maximize shareholder value. With this review underway, we remain focused on operating our business effectively, ensuring we have a strong path to achieve sustainable growth and value creation,” Zier said.

There is no definitive timeline for the completion of strategic review or the appointment of a new CEO.

For more information, visit www.hain.com.