(Reuters) - Perfume maker Elizabeth Arden Inc’s RDEN.O Chief Financial Officer, Stephen Smith, will join food maker Hain Celestial Group Inc (HAIN.O).
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 (WMT.N) 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.
Reporting by Aditi Shrivastava and Jessica Wohl; Editing by Don Sebastian