ScottsMiracle-Gro Names Chief Financial Officer
The Scotts Miracle-Gro Company, marketer of branded consumer lawn and garden products, announces today that its Board of Directors has named Randy Coleman as executive vice president and chief financial officer.
Coleman replaces Larry Hilsheimer, who has left the company effective immediately and is pursuing other opportunities.
"As we look to capture the opportunities in front of us, the Board and I recognized that Randy's deep understanding of our industry, our retail environment and the overall competitive landscape made him the right person for this role," says Jim Hagedorn, chairman and chief executive officer. "I have worked with Randy for more than a decade and consider him one of our very best leaders. He is an exceptional finance executive who has great instincts and a bias for action. He has the support of the entire management team because we know his engaged approach to managing the business fits well with our culture and our constant drive to improve."
The appointment of Coleman was not a reflection of any concerns related to the company's financial controls or business performance, Hagedorn says. The company will report its fiscal second quarter results after market on Monday, May 5, at which time it expects to report results in line with its internal expectations, allowing it to re-affirm its outlook for the full year.
Coleman was most recently senior vice president of operating finance as well as enterprise performance analytics. He joined ScottsMiracle-Gro in 1999. He started as assistant controller of the Ortho business unit. He later acted as director of financial planning and analysis and held several finance leadership roles. A graduate of The Ohio State University, he began his career at PricewaterhouseCoopers LLP.
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Coleman replaces Larry Hilsheimer, who has left the company effective immediately and is pursuing other opportunities.
"As we look to capture the opportunities in front of us, the Board and I recognized that Randy's deep understanding of our industry, our retail environment and the overall competitive landscape made him the right person for this role," says Jim Hagedorn, chairman and chief executive officer. "I have worked with Randy for more than a decade and consider him one of our very best leaders. He is an exceptional finance executive who has great instincts and a bias for action. He has the support of the entire management team because we know his engaged approach to managing the business fits well with our culture and our constant drive to improve."
The appointment of Coleman was not a reflection of any concerns related to the company's financial controls or business performance, Hagedorn says. The company will report its fiscal second quarter results after market on Monday, May 5, at which time it expects to report results in line with its internal expectations, allowing it to re-affirm its outlook for the full year.
Coleman was most recently senior vice president of operating finance as well as enterprise performance analytics. He joined ScottsMiracle-Gro in 1999. He started as assistant controller of the Ortho business unit. He later acted as director of financial planning and analysis and held several finance leadership roles. A graduate of The Ohio State University, he began his career at PricewaterhouseCoopers LLP.
Related Articles:
ScottsMiracle-Gro: A Business in Transformation
Scotts Miracle-Gro Cultivates Shelf-Connected Success
Scotts Miracle-Gro Appoints CFO