Hain Celestial names new chief financial officer

Hain Celestial Chief Financial Officer Javier Idrovo is leaving the company effective Feb. 4, the global healthy food producer announced Tuesday.

Idrovo will be replaced by Chris Bellairs, who was CFO of Stone Brewing from September 2018 to October 2020. Previously, Bellairs spent nine years with Dean Foods, leaving in September 2017 as CFO, according to his LinkedIn profile.

Bellairs also held leadership positions at PepsiCo Inc., Procter & Gamble, Expedia and Iron Mountain, according to the announcement from Hain Celestial. The statement also said he served six years as an intelligence officer in the U.S. Army.

Idrovo is leaving for another opportunity, the announcement stated. He joined Hain in December 2019 after 11 years with The Hershey Company.

"On behalf of the Board of Directors and our management team, I would like to thank Javier for his contributions, which have been instrumental to our transformational journey. He has helped us build a strong foundation to support our future success as we move to the next phase in the Company’s journey," Mark Schiller, Hain Celestial’s president and chief executive officer, said in the announcement. "I am excited to welcome Chris to the team, and look forward to partnering with him, as his deep industry and leadership experience will add tremendous value as we execute our Hain 3.0 strategy to deliver exceptional growth and strong operating results over the long term."

Hain previews Q2 financial results

Hain Celestial's second-quarter financial results are scheduled to be released on Feb. 3. But it revealed Tuesday that adjusted net sales were down 1% to 3% compared with the same period of fiscal 2021. Sales for the first half of fiscal 2022, which ended Dec. 31, are 0.5% to 1.5% lower than in the first half of fiscal 2021.

Second-quarter adjusted EBITDA is down 4% to 6% compared with Q2 of fiscal 2021; adjusted EBITDA for the first half of the year is expected to be 8.5% to 9.5% lower than a year ago.

Source: Hain Celestial