EL PASO, Texas--(BUSINESS WIRE)-- Helen of Troy Limited (NASDAQ: HELE), designer, developer, and worldwide marketer of branded consumer home, outdoor, beauty, and wellness products, today announced a change to its leadership. Noel Geoffroy is departing from Helen of Troy Limited ("Company") as Chief Executive Officer, effective immediately. In connection with her departure, Ms. Geoffroy resigned as a director of the Company, also effective immediately. Brian Grass, Chief Financial Officer, has been appointed interim Chief Executive Officer by the Board of Directors. Additionally, the Board of Directors has appointed Tracy Scheuerman as its interim Chief Financial Officer. Ms. Scheuerman previously served as the Company's Senior Vice President, Finance for the Home & Outdoor segment.
Mr. Meeker stated, "The Board thanks Ms. Geoffroy for her service and looks forward to partnering with Mr. Grass and our talented global leadership team to improve the long-term health of our brands and position the Company for sustained shareholder value creation. As we work to identify the Company's next CEO, our priority will be selecting a leader who closely aligns with the Board's strong belief that this Company has tremendous growth potential."
"I'm honored to be named the interim CEO of Helen of Troy, the Company that I've been privileged to serve for almost two decades," said Mr. Grass. "I am committed to working closely with the Board, our leadership team, and our talented associates to capitalize on the opportunities we see in front of us and enable our powerful portfolio of global brands to more profitably grow in the year ahead and well into the future. Like the Board, I strongly believe in Helen of Troy's tremendous potential for sustainable growth and long-term shareholder value creation."
Helen of Troy's Board has engaged a leading executive search firm to assist with the process of identifying a permanent CEO. Mr. Grass is expected to serve as our interim Chief Executive Officer until a permanent CEO is appointed.
About Brian Grass
Prior to his appointment as interim CEO, Mr. Grass, age 55, has served as Chief Financial Officer since September 23, 2023. He joined the Company in 2006 and previously served as Chief Financial Officer from 2014 until his retirement in 2021. Mr. Grass rejoined the Company in March 2023 to serve as Senior Vice President, Assistant Chief Financial Officer and began to serve as interim Chief Financial Officer on April 28, 2023. Prior to his appointment as the Chief Financial Officer in 2014, he served as the Company's Assistant Chief Financial Officer. Prior to joining the Company, Mr. Grass spent seven years in public accounting at KPMG LLP and six years in various financial leadership roles at Tenet Healthcare Corporation, a healthcare services company.
About Tracy Scheuerman
Tracy Scheuerman, age 53, joined the Company in March 2004 through its acquisition of OXO International ("OXO"), where she served as Controller for three years prior to the acquisition. OXO comprised the former Housewares segment of the Company before it was renamed Home & Outdoor in 2023. Ms. Scheuerman continued to serve as Controller of OXO until her promotion in 2008 to Vice President, Finance & Supply Chain of the Housewares segment. In 2015, Ms. Scheuerman was appointed Senior Vice President, Finance & Operations of the Housewares segment and served until her retirement in 2024. In this role, she has led the financial and operational management of the OXO, Hydro Flask, and Osprey brands. After her retirement, she worked as a consultant with the Company until her appointment as interim CFO. Prior to joining OXO, Ms. Scheuerman spent two years in public accounting with KPMG LLP and six years in internal audit and finance roles at Borden Inc., a global producer of foods, non-food consumer products, and packaging and industrial products.
About Helen of Troy Limited
Helen of Troy Limited (NASDAQ: HELE) is a leading global consumer products company offering creative products and solutions for its customers through a diversified portfolio of well-recognized and widely-trusted brands, including OXO, Hydro Flask, Osprey, Vicks, Braun, Honeywell, PUR, Hot Tools, Drybar, Curlsmith, Revlon, and Olive & June. All trademarks herein belong to Helen of Troy Limited (or its subsidiaries) and/or are used under license from their respective licensors.
For more information about Helen of Troy, please visit http://investor.helenoftroy.com/
