Sales: $1.1 billion
Key Personnel: Richard Harvey, chairman of the board, Alex Kanellis, chief executive officer; Brandon Leigh, chief financial officer; Chris Davis, chief operating officer; Jola Gillespie, chief information officer; Tim Perlman, group category and brand director; Sam Plant, corporate services director; Nigel Simonsz, CEO PZC Australia/New Zealand; Caroline Silver, non-executive chair (effective January 2017).
Major Products: Brands include Imperial Leather, Luskja, Carex, Cusson Baby, Charles Worthington, Original Source, Mum & Me, Fudge, Premier, Robb, Sanctuary Spa, St. Tropez, Morning Fresh, Radiant and Zip.
New Products: Imperial Leather Sweets & Fruits bath and body range, Original Source (fragrance expansion), St. Tropez Gradual Tan in Shower Lotion (shade expansion), Charles Worthington Smooth & Control, Morning Fresh (line extension), Carex handwashes (line extension).
Comments: PZ Cussons will kick off the new year with a new leader. The board appointed Caroline Silver as non-executive chair of the company, effective Jan. 1, 2017 following the retirement of Richard Harvey. She was appointed as a non-executive director of the company in April 2014 and is presently senior independent director and chair of the audit and risk committee. Silver is managing director at Moelis & Co, the global investment bank.
The PZ Cussons board also reported that the performance of the group for the year ended May 31, 2016 was in line with expectations with performance in Europe and Asia offsetting more difficult trading conditions in Africa. The financial position of the group remains strong with cash generation, also in line with expectations.
In the UK washing and bathing division, all brands have performed strongly driven by a continuous program of renovation and innovation. The Imperial Leather portfolio has been extended with a new range of Sweets and Fruits products for bath and shower. The new range of shower and bath products under the Carex brand has performed well in addition to good growth across the core range of handwash products. Original Source has also performed well with new fragrances launched across its range of shower, hand wash and body care products, according to the company.
In the beauty division, St. Tropez has seen excellent growth in its key markets of UK, US and Australia. The Gradual Tan in Shower Lotion launched last year has been particularly successful and the range has recently been extended with a darker variant. Further product launches have also taken place across the Sanctuary, Charles Worthington and Fudge brands. Performance in the smaller markets of Poland and Greece has been in line with expectations.
In Australia, good performance across personal care, beauty and nutrition offset more difficult trading conditions in the home care category. Indonesia saw another year of good revenue growth with the entire baby range being completely re-launched in the second half of the year. Further renovation has also taken place across Imperial Leather, Carex and Original Source.
Overall performance in the smaller markets of Thailand and the Middle East has been in line with expectations. In Nigeria, all business units are selling relatively well despite a challenging macro environment where consumers are being affected by inflationary pressures. Performance in the smaller markets of Ghana and Kenya has been in line with expectations.
PZ Cussons, in conjunction with Carex, is promoting the study of chemistry through the PZ Cussons Carex Chemistry Challenge, an open competition among Nigerian secondary schools.