Hain Celestial (HAIN) has appointed interim CEO Alison E. Lewis as the company’s chief executive, effective immediately.
Lewis had been serving as the company’s interim CEO since May 2025, replacing Wendy Davidson who served as CEO for a little over 2 years.
Prior to Hain Celestial, Lewis was chief growth officer for Kimberly-Clark (KMB) and chief marketing officer at Johnson & Johnson (JNJ).
“We are pleased with the bold moves she has already taken to reduce costs, the turnaround agenda she has put in place designed to drive margins and growth, and her focus on progressing the strategic review with Goldman Sachs. With Alison’s deep [consumer products] expertise and track record of strong performance, we believe she is best equipped to create shareholder value and lead Hain as our next CEO,” board chair Dawn Zier said.
Over the past year, Hain Celestial (HAIN) shares have lost as much as 86% in value as the company slips further into the red. In its last quarterly report, Hain (HAIN) reported a loss of $0.08 per share on a 6.8% decline in revenue to $367.88M.
Besides Hain Celestial teas, the company’s brands also include Hartley’s jams and jellies, Earth’s Best, and Garden Veggie.
Shares are nearly 3% higher in Monday’s premarket and expected to trade higher for a fifth consecutive day.