Hain Celestial appoints new CFO Chris Bellairs; prelim Q2 net sales down 1-3%, EBITDA down 4-6%

HAIN CELESTIAL GROUP INC

2022-Q2 EPS reported $0.52 revenue$931,844,000

Chris Bellairs appointed EVP & CFO effective Feb 4, 2022; Javier Idrovo resigning for another opportunity.
Preliminary Q2 adjusted net sales down 1-3% YoY; first half down 0.5-1.5%, at high end of prior guidance.
Preliminary Q2 adjusted EBITDA down 4-6% YoY; first half down 8.5-9.5%, slightly below mid-single-digit guidance.
EBITDA shortfall attributed to industry-wide inflation, supply chain and labor challenges.
Bellairs' compensation: $550k base salary, 85% target AIP for FY2022, $1M prorated LTIP award.

item 2.02 item 5.02 item 9.01

Executive movements

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Appointed

Chris Bellairs

Executive Vice President and Chief Financial Officer

HAIN · HAIN CELESTIAL GROUP INC

Effective: 2022-02-04
Filed: January 18, 2022, 6:59 PM ET

The Company’s Board of Directors (the “Board”) has appointed Chris Bellairs as Executive Vice President and Chief Financial Officer, effective as of the close of business on February 4, 2022.

Departed

Javier H. Idrovo

Executive Vice President and Chief Financial Officer

HAIN · HAIN CELESTIAL GROUP INC

Successor: Chris Bellairs
Filed: January 18, 2022, 6:59 PM ET

Mr. Bellairs will succeed the Company’s current Executive Vice President and Chief Financial Officer, Javier H. Idrovo.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Chris Bellairs was appointed as Executive Vice President and Chief Financial Officer at HAIN CELESTIAL GROUP INC.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

The Company’s Board of Directors (the “Board”) has appointed Chris Bellairs as Executive Vice President and Chief Financial Officer, effective as of the close of business on February 4, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.7

Javier H. Idrovo departed as Executive Vice President and Chief Financial Officer at HAIN CELESTIAL GROUP INC.

Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Mr. Bellairs will succeed the Company’s current Executive Vice President and Chief Financial Officer, Javier H. Idrovo.

View on SEC.gov

HAIN CELESTIAL GROUP INC filing history →

Source: SEC EDGAR

accession 0001193125-22-010541

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