The executive leadership team of Edgewell Personal Care made the announcement at its Investor kickoff meeting in New York, where it also presented its long-term financial objectives and its capital allocation plans to investors.
David Hatfield, future chief executive officer of Edgewell Personal Care, said, "Our Board's decision to authorize this substantial share repurchase underscores our commitment to enhancing value for our shareholders, and we are excited to announce that this commitment will extend to Edgewell Personal Care after the completion of the spin-off."