- Push-out Score determined
- After about five and a half years in the position
- Accolades, praise and thanks for Hoskins
- Mark LaVigne taking over
- Hoskins spoke at length and said 166 words
(exechange) — St. Louis, Missouri, November 12, 2020 — This news came the day after Veterans Day. Alan Hoskins, chief executive of Energizer, leaves. As announced by Energizer Holdings Inc. in a news release and in a regulatory filing published on Thursday, November 12, 2020, Alan R. Hoskins leaves his post as chief executive officer of the battery manufacturer after about five and a half years in the role, effective January 1, 2021.
Alan Hoskins’s duties as CEO will be taken over by Mark S. LaVigne, currently President and Chief Operating Officer of Energizer Holdings Inc.
“Now is the right time”
Alan Hoskins’s departure from the CEO post is explained as follows. Hoskins said: “Like many people, over the past several months, I have had the opportunity to reflect on my life, my future and what is most important to me. After a fulfilling career at Energizer spanning nearly 40 years, including the last five as CEO, I determined in conjunction with the Board that now is the right time for Energizer to transition to new leadership.”
Precise information regarding Alan Hoskins’s future plans was not immediately available.
“Retire”
Energizer said: “Alan R. Hoskins has informed the company’s Board of Directors of his decision to retire as Chief Executive Officer, effective January 1, 2021.”
Share price decline since November 2018
The announcement follows a decline in Energizer Holdings Inc.’s share price of 20% since November 2018.
Chaired by Pat Moore
Pat Moore serves as Energizer Holdings Inc.’s Chairman.
Moore is Chairman of Energizer’s Board of Directors and President and Chief Executive Officer of PJM Advisors, LLC, a private equity investment and advisory firm.
In the position of CEO since 2015
Alan Hoskins became CEO of the Company in 2015.
Hoskins will continue to serve as a Director, upon election at the 2021 Annual Shareholders’ Meeting, and as an advisor to the company until September 30, 2021.
The Board intends to nominate LaVigne to stand for election as a Director at the 2021 Annual Shareholders’ Meeting.
Hoskins has been Chief Executive Officer of Energizer Holdings, Inc. since July 2015.
Prior to his current position, he served as President and Chief Executive Officer, Energizer Household Products of the Company’s former parent company, a position he held since April 2012.
Hoskins held several leadership positions including Vice President, Asia-Pacific, Africa and Middle East from 2008 to 2011, Vice President, North America Household Products Division from 2005 to 2008, Vice President, Sales and Trade Marketing from 1999 to 2005, and Director, Brand Marketing from 1996 to 1999.
He started his career at Union Carbide in 1983 following several years in the retailer, wholesaler and broker industry.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to Energizer and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 46.2020 ($).