EL PASO, Texas--(BUSINESS WIRE)--Mar. 31, 2014--
Helen of Troy Limited (NASDAQ:HELE), designer, developer and worldwide
marketer of brand-name houseware, healthcare/home environment and
personal care consumer products, today announced that its Board of
Directors appointed Julien R. Mininberg, Chief Executive Officer, to
serve on its Board until the next annual meeting of shareholders. Mr.
Mininberg’s appointment fills the vacancy created by the departure of
Gerald J. Rubin, the Company’s former chief executive officer and a
former director of the Company. The Board intends to nominate Mr.
Mininberg as a director of the Company at the next annual general
meeting of shareholders.
Timothy F. Meeker, Chairman of the Board stated: “I am pleased to have
Julien join our Board of Directors. Julien is a strong leader who has
made significant contributions to Helen of Troy as President and CEO of
Kaz and now as Chief Executive officer for Helen of Troy. It is only
fitting that Julien join the Board and benefit more closely from the
wisdom of its diverse group of members.”
Julien Mininberg, Chief Executive Officer, commented: “I am delighted to
join the Board of Directors. In the months leading up to being appointed
CEO of Helen of Troy and my four weeks in this role, I have begun
working closely with them on a wide variety of matters, and have
benefited greatly from their experience. Now joining the Board as a
director, I look forward to helping shape and execute the multi-year
plan we are developing for the benefit of all of our stakeholders.”
Julien Mininberg has been with Kaz since 2006, becoming President in
2007 and CEO in 2010. Under his leadership, Kaz has made successful
acquisitions, such as PUR® water filters, and secured new licenses for
world-class brands such as Febreze®. Before joining Kaz, Mr. Mininberg
spent 15 years at Procter & Gamble, where he spent four years in general
management and 11 in marketing. His P&G career was split evenly between
the United States and Latin America: in the U.S., he focused on
marketing as Brand Manager in P&G's Healthcare division; in Latin
America, he was Marketing Director for the company's cleaning products
division and later managed all of P&G’s business in Central America. Mr.
Mininberg earned his Bachelor's degree and MBA from Yale University. He
also serves as President of Yale School of Management’s Alumni
Association and a member of its Board of Advisors.
About Helen of Troy Limited:
Helen of Troy Limited is a leading global consumer products company
offering creative solutions for its customers through a strong portfolio
of well-recognized and widely-trusted brands, including: Housewares:
OXO®, Good Grips®, Soft Works®, OXO tot® and OXO Steel®; Healthcare/Home
Environment: Vicks®, Braun®, Honeywell®, PUR®, Febreze®, Stinger®,
Duracraft® and SoftHeat®; and Personal Care: Revlon®, Vidal Sassoon®,
Dr. Scholl's®, Pro Beauty Tools®, Sure®, Pert®, Infusium23®, Brut®,
Ammens®, Hot Tools®, Bed Head®, Karina®, Ogilvie® and Gold 'N Hot®. The
Honeywell® trademark is used under license from Honeywell International
Inc. The Vicks®, Braun®, Febreze® and Vidal Sassoon® trademarks are used
under license from The Procter & Gamble Company. The Revlon® trademark
is used under license from Revlon Consumer Products Corporation. The Bed
Head® trademark is used under license from Unilever PLC. The Dr.
Scholl's® trademark is used under license from MSD Consumer Care, Inc.
For in-depth information about Helen of Troy, please visit www.hotus.com.
Forward Looking Statements:
This press release may contain forward-looking statements, which are
subject to change. The forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. Any or all of the forward-looking statements may turn out
to be wrong. They can be affected by inaccurate assumptions or by known
or unknown risks and uncertainties. Many of these factors will be
important in determining the Company's actual future results.
Consequently, no forward-looking statement can be guaranteed. Actual
future results may vary materially from those expressed or implied in
any forward-looking statements. The forward-looking statements are
qualified in their entirety by a number of risks that could cause actual
results to differ materially from historical or anticipated results.
Generally, the words "anticipates", "estimates", "believes", "expects",
"plans", "may", "will", "should", "seeks", "project", "predict",
"potential", "continue", "intends", and other similar words identify
forward-looking statements. The Company cautions readers not to place
undue reliance on forward-looking statements. The Company intends its
forward-looking statements to speak only as of the time of such
statements, and does not undertake to update or revise them as more
information becomes available. The forward-looking statements contained
in this press release should be read in conjunction with, and are
subject to and qualified by, the risks described in the Company's
Form 10-K for the year ended February 28, 2013 and in our other filings
with the SEC. Investors are urged to refer to the risk factors referred
to above for a description of these risks. Such risks include, among
others, the departure and recruitment of key personnel, the Company's
ability to deliver products to our customers in a timely manner, the
Company's geographic concentration of certain U.S. distribution
facilities, which increases our exposure to significant shipping
disruptions and added shipping and storage costs, difficulties
encountered during the transition to the Company’s new distribution
facility could interrupt the Company’s logistical systems and cause
shipping disruptions, the Company's projections of product demand,
sales, net income and earnings per share are highly subjective and our
future net sales revenue, net income and earnings per share could vary
in a material amount from such projections, expectations
regarding acquisitions and the integration of acquired businesses, the
Company's relationship with key customers and licensors, the costs of
complying with the business demands and requirements of large
sophisticated customers, the Company's dependence on foreign sources of
supply and foreign manufacturing, the impact of changing costs of raw
materials and energy on cost of goods sold and certain operating
expenses, circumstances that may contribute to future impairment of
goodwill, intangible or other long-lived assets, the risks associated
with the use of trademarks licensed from and to third parties, our
dependence on the strength of retail economies and vulnerabilities to an
economic downturn, the Company's ability to develop and introduce
innovative new products to meet changing consumer preferences,
disruptions in U.S., European and other international credit markets,
exchange rate risks, trade barriers, exchange controls, expropriations,
and other risks associated with foreign operations, the costs,
complexity and challenges of upgrading and managing our global
information systems, the risks associated with information security
breaches, the risks associated with tax audits and related disputes with
taxing authorities, potential changes in laws, including tax laws, and
the Company's ability to continue to avoid classification as a
controlled foreign corporation.
Source: Helen of Troy Limited
ICR, Inc.
Allison Malkin / Anne Rakunas
203-682-8200 /
310-954-1113