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August 6, 2024

Shelton-based Edgewell Personal Care shakes up C-suite 

Edgewell Personal Care CEO Rod Little.
By Hanna Snyder Gambini, Greg Bordonaro

Shelton-based Edgewell Personal Care Co. on Tuesday announced a C-Suite shake up that includes the departure of its North American president, and new chief operating and financial officers.

The reorganization comes about two years after another change in leadership structure for a publicly traded company that owns numerous well-known personal care brands, such as Banana Boat, Hawaiian Tropic, Wet Ones, Playtex, Stayfree, Carefree, Schick, Wilkinson and Edge. 

Dan Sullivan, currently CFO and president of Europe and Latin America, is now COO effective immediately, the company announced Tuesday.

Francesca Weissman, currently senior vice president of finance and business strategy, will assume the role of CFO effective Dec. 1, the company said.

Weissman will report to Sullivan and continue to lead all aspects of financial planning and commercial and operational finance. 

Meantime, Eric O'Toole, Edgewell’s president of North America, will be leaving his role following a brief transition period. An executive search is currently underway to fill the position, Edgewell said. The role is being filled on an interim basis by CEO Rod Little.

Edgewell — whose products range from men’s and women's shaving systems and disposable razors to feminine and skin care products — said the changes are occurring as the company adopts a more “simplified and streamlined organizational structure” that aims to position it for future growth. 

Edgewell on Tuesday also announced its fiscal third quarter earnings, with net sales down 0.3% to $647.8 million, and profits down 7.5% to $49 million, or 98 cents per share. 

For the nine months ended June 30, Edgwell reported $1.73 billion in net sales, up 1% from the year-ago period, and $89.8 million, or $1.79 per share, in profits, up 5.89% from a year earlier. 

The company’s stock price was down about 2% Tuesday as of 11:30 a.m. to $36.78. Its stock price since the beginning of the year is about flat. 

In his role as COO, Sullivan will be responsible for directing growth strategies in the company’s international markets under a newly consolidated international business. He will continue to have purview over finance, IT, strategy, mergers and acquisitions and business development, while also overseeing global operations, supply chain and corporate sustainability.

Sullivan joined Edgewell in 2019 and has more than three decades of experience in corporate finance, strategy and operations. Prior to Edgewell, he led financial and operational functions across various global retail organizations.

Weissman’s additional responsibilities as CFO will include oversight of controllership and accounting, investor relations, internal audit, tax and treasury.  

Weissman joined Edgewell in 2019, and has over 25 years of finance experience across all aspects of finance, M&A and corporate strategy. Prior to Edgewell, she held senior leadership roles across various industries with global, publicly held organizations.

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