07.02.14
El Paso, TX
915-225-8000
www.hotus.com
Sales: $235 million (estimated) for personal care products. Corporate sales: $1.3 billion.
Key Personnel: Julien R. Mininberg, CEO; Brian Grass, chief financial officer; Thomas Benson, chief operations officer; Vincent Carson, chief legal, human resource and investor relations officer.
Major Products: Electric hair care, beauty care and wellness appliances, grooming tools and accessories and liquid, solid- and powder-based personal care and grooming products. Key brands include Revlon, Vidal Sassoon, Dr. Scholl’s, Toni&Guy, Sure, Pert Plus, Infusium 23, Brut, Ammens, Hot Tools, Bed Head, Karina, Sea Breeze, and Gold ‘N Hot. The company also sells health care devices, water filtration systems; and small home appliances under Vicks, Braun, Honeywell, PUR and Febreze names.
New Products: Infusium 23 Miracce Therapy Collection, Brut Black Ice and Blue Wave antiperspirant/deodorant, Bed Head Split Personality appliance line.
Comments: Several personnel changes made headlines at Helen of Troy this past year, including the departure of its CEO followed by a recent reorganization of corporate departments and functions into three global shared service groups. The three shared service groups—global finance, global operations, and global legal, human resources and investor relations—are expected to strengthen the company’s operating platform “into a best-in-class support system for its businesses, increase productivity by better leveraging global scale, and improve collaboration across businesses and departments worldwide,” said the company.
“This reorganization is an important step in our strategy to transform the relationship between our El Paso operations, our market-facing business units around the world, and our geographically distributed shared service facilities such as our warehouses, China operations, and corporate departments such as finance, human resources and information technology. Consolidating our shared services under highly empowered executives with global responsibility is critical to enabling our business units to leverage more of our $1.3 billion footprint. We expect the shared service groups to be a key source of productivity improvements, best practices, simplification and standardization, compliance, reporting, and the key functions of a public company. With Helen of Troy more than tripling in size over the past 10 years, the reor should help elevate our operational platform, better positioning us for sustainable growth,” noted Julien R. Mininberg, who became CEO of Helen of Troy on March 1 following the departure of Gerald J. Rubin. The changes, effective May 1, were as follows: global finance is headed by Brian Grass; global operations is headed by Thomas Benson; and global legal, human resources and investor relations is led by Vincent Carson.
Corporate consolidated net sales revenue increased 2.2% to $1.3 billion million in fiscal year 2014. Houseware sales rose 6% and the healthcare/home environment segment net sales revenue increased 5.5%. However, the personal care segment’s net sales revenue decreased 3.3%. Helen of Troy attributed the decline to unfavorable impact of net foreign exchange fluctuations, which impacted the personal care and healthcare/home environment segments.
915-225-8000
www.hotus.com
Sales: $235 million (estimated) for personal care products. Corporate sales: $1.3 billion.
Key Personnel: Julien R. Mininberg, CEO; Brian Grass, chief financial officer; Thomas Benson, chief operations officer; Vincent Carson, chief legal, human resource and investor relations officer.
Major Products: Electric hair care, beauty care and wellness appliances, grooming tools and accessories and liquid, solid- and powder-based personal care and grooming products. Key brands include Revlon, Vidal Sassoon, Dr. Scholl’s, Toni&Guy, Sure, Pert Plus, Infusium 23, Brut, Ammens, Hot Tools, Bed Head, Karina, Sea Breeze, and Gold ‘N Hot. The company also sells health care devices, water filtration systems; and small home appliances under Vicks, Braun, Honeywell, PUR and Febreze names.
New Products: Infusium 23 Miracce Therapy Collection, Brut Black Ice and Blue Wave antiperspirant/deodorant, Bed Head Split Personality appliance line.
Comments: Several personnel changes made headlines at Helen of Troy this past year, including the departure of its CEO followed by a recent reorganization of corporate departments and functions into three global shared service groups. The three shared service groups—global finance, global operations, and global legal, human resources and investor relations—are expected to strengthen the company’s operating platform “into a best-in-class support system for its businesses, increase productivity by better leveraging global scale, and improve collaboration across businesses and departments worldwide,” said the company.
“This reorganization is an important step in our strategy to transform the relationship between our El Paso operations, our market-facing business units around the world, and our geographically distributed shared service facilities such as our warehouses, China operations, and corporate departments such as finance, human resources and information technology. Consolidating our shared services under highly empowered executives with global responsibility is critical to enabling our business units to leverage more of our $1.3 billion footprint. We expect the shared service groups to be a key source of productivity improvements, best practices, simplification and standardization, compliance, reporting, and the key functions of a public company. With Helen of Troy more than tripling in size over the past 10 years, the reor should help elevate our operational platform, better positioning us for sustainable growth,” noted Julien R. Mininberg, who became CEO of Helen of Troy on March 1 following the departure of Gerald J. Rubin. The changes, effective May 1, were as follows: global finance is headed by Brian Grass; global operations is headed by Thomas Benson; and global legal, human resources and investor relations is led by Vincent Carson.
Corporate consolidated net sales revenue increased 2.2% to $1.3 billion million in fiscal year 2014. Houseware sales rose 6% and the healthcare/home environment segment net sales revenue increased 5.5%. However, the personal care segment’s net sales revenue decreased 3.3%. Helen of Troy attributed the decline to unfavorable impact of net foreign exchange fluctuations, which impacted the personal care and healthcare/home environment segments.