NEW YORK — Elizabeth Arden, whose portfolio includes such celebrity fragrance brands as Britney Spears, Elizabeth Taylor and Justin Bieber, has announced the resignation of its EVP and CFO Stephen Smith, effective Sept. 1. Smith is leaving the company to serve as EVP and CFO of the Hain Celestial Group.
Elizabeth Arden is now searching for a new CFO.
“Steve has been a valuable member of our management team since he joined us in 2001, shortly after the Elizabeth Arden acquisition. Along with the strong finance and accounting team that Steve has built, he has been instrumental in managing the financial governance of our company to very high standards. Steve has been a trusted colleague, and on behalf of the company, I'd like to thank Steve for his dedication, leadership and contributions and wish him the best in his new position,” stated E. Scott Beattie, chairman, president and CEO of Elizabeth Arden.
“The past 12 years have been extremely rewarding, and it has been an honor to participate in the Company’s significant growth over that time,” Smith stated. “While I will miss my colleagues, I look forward to new challenges in another consumer products industry as I pursue this unexpected opportunity. Elizabeth Arden has a strong and highly talented finance organization, and I am confident that Elizabeth Arden will continue to enjoy much future success."