Elizabeth Arden, Inc. Announces Resignation Of Chief Financial Officer

Elizabeth Arden, Inc. (NASDAQ:RDEN), a global prestige beauty products company, today announced that Stephen J. Smith has resigned as the Company’s Executive Vice President and Chief Financial Officer in order to accept a position as Executive Vice President and Chief Financial Officer with The Hain Celestial Group, Inc. (NASDAQ:HAIN) based in Lake Success, New York. Mr. Smith will remain with the Company through September 1, 2013. The Company has commenced a search for a new Chief Financial Officer.

E. Scott Beattie, Chairman, President and Chief Executive Officer of Elizabeth Arden, Inc., commented, “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.”

“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” commented Mr. Smith. “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.”

Elizabeth Arden is a global prestige beauty products company with an extensive portfolio of prestige beauty brands sold in over 100 countries. The company's brand portfolio includes Elizabeth Arden skincare, color and fragrance products, the celebrity fragrance brands of Britney Spears, Elizabeth Taylor, Justin Bieber, Mariah Carey, Nicki Minaj, Taylor Swift, and Usher; the designer fragrance brands of Juicy Couture, Alfred Sung, BCBGMAXAZRIA, Geoffrey Beene, Halston, Bob Mackie, Ed Hardy, John Varvatos, Lucky Brand, True Religion and Rocawear; and the lifestyle fragrance brands Curve, Giorgio Beverly Hills, and PS Fine Cologne.

Copyright Business Wire 2010

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