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Reuters
Published
Aug 22, 2013
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Elizabeth Arden CFO Stephen Smith to join Hain

By
Reuters
Published
Aug 22, 2013

Perfume maker Elizabeth Arden Inc's Chief Financial Officer, Stephen Smith, will join food maker Hain Celestial Group Inc.

In a statement released by Arden, Smith called the Hain job an "unexpected opportunity".

Hain, which reported better-than-expected quarterly results, said Smith's appointment is effective September 3.

Elizabeth Arden said Smith, who was its CFO since 2001, will stay through September 1 and it has started searching for his successor.

Hain announced the retirement of CFO Ira Lamel last September.

Smith leaves Arden after the company posted weaker-than-expected results and forecasts this month as orders from Wal-Mart Stores Inc fell.

Hain's shares were up 5 percent at $76.69 in extended trading. Elizabeth Arden's shares closed at $34.83 on the Nasdaq on Wednesday.

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