- September 30, 2021
- Posted by: Stratford Team
- Category: Business
LAKE SUCCESS, NY – A defining characteristic of The Hain Celestial Group, Inc. under the leadership of president and chief executive officer Mark L. Schiller is it is a smaller, more focused company. Since taking the helm in 2018, he has exited 23 brands with almost $1 billion in sales. Now he is transitioning the business into a global pure-play food company focused on health and wellness.
Achieving his goal will require divesting Hain’s personal care business and investing behind brands that deliver on management’s growth expectations, specifically in meat alternatives, dairy alternatives and snacks. Mr. Schiller called this next phase Hain 3.0 during a Sept. 28 virtual investor day with securities analysts.
“Hain 2.0 is the transformation from a holding company to an operating company by simplifying the business and setting the foundation for profit growth,” he said. “Now, Hain 3.0 … is about building a global healthy food and beverage…