Founder Jessica Alba to Step Down from Role as Chief Creative Officer at The Honest Company Following a Record Q4 Performance
09 Avril 2024 - 10:05PM
The Honest Company (NASDAQ: HNST), a personal care company
dedicated to creating clean- and sustainably-designed products,
recently reported record quarterly sales and profits for the fourth
quarter of 2023, along with an updated long-term growth vision.
With this growth vision in place and a
strengthened business model, the company’s Founder Jessica Alba has
determined that now is the right time to depart from her role as
Chief Creative Officer, allowing her to shift her creative energy
to new endeavors. She continues to provide her support and
leadership as a member of Honest’s board of directors.
“As we reimagined the future of the business, we
benefited greatly by having insights from our Founder Jessica Alba.
A true visionary, Jessica founded Honest with a desire to bring a
higher standard for clean ingredients and sustainable design to
baby and personal care products,” said Chief Executive Officer
Carla Vernón. “I offer our deep appreciation on behalf of the
management team, our board of directors and generations of Honest
employees for Jessica’s leadership through the years. I am pleased
Jessica will remain an advisor in her role as a member of our board
of directors. And, as she shifts her focus to exciting new
ventures, we will be cheering her on.”
“When I created The Honest Company, I set out to
change the consumer product industry and I can proudly say, we did
just that,” said Founder, Jessica Alba. “Honest has been a true
labor of love for me - one that showed me what’s possible when you
infuse purpose into business. While there never would have been an
easy time to make this decision, I know we have a leadership team
in place to advance my founding vision and protect Honest’s
reputation as an industry changemaker. As I transition, I look
forward to contributing to the company’s success in my role on the
board of directors as I redirect my focus on new projects and
passions.”
For additional information on Honest’s results
and growth strategy, please see the new Investor Presentation
available at Investors.Honest.com. The Company re-affirms its full
year revenue and adjusted EBITDA outlook communicated in its March
6, 2024, fourth quarter earnings release.
Forward-Looking Statements
This press release contains forward-looking
statements about us and our industry that involve substantial risks
and uncertainties. All statements other than statements of
historical facts contained in this press release, including
statements regarding our future results of operations or financial
condition, business strategy and plans and objectives of management
for future operations, are forward-looking statements. In some
cases, you can identify forward-looking statements because they
contain words such as “anticipate,” “believe,” “contemplate,”
“continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,”
“potential,” “predict,” “project,” “should,” “target,” “will” or
“would” or the negative of these words or other similar terms or
expressions. These forward-looking statements include, but are not
limited to, statements concerning Honest’s full year revenue and
adjusted EBITDA outlook, growth strategy and long range plan, the
advancement of Jessica Alba’s founding vision, and her tenure on
the board of directors and contributions to Honest’s future
success.
About The Honest Company
The Honest Company (NASDAQ: HNST) is a personal
care company dedicated to creating clean-and sustainably-designed
products spanning categories across diapers, wipes, baby personal
care, beauty, apparel, household care and wellness. Founded in
2012, the Company is on a mission to challenge ingredients, ideals,
and industries through the power of the Honest brand, the Honest
team, and the Honest Standard.
Honest products are available via Honest.com,
leading online retailers and approximately 51,000 retail locations
across the United States and Canada. For more information about the
Honest Standard and the Company, please visit www.honest.com.
Investor Contact:Elizabeth
Bouquardebouquard@thehonestcompany.com
Media Contact:Jennifer Kroog
Rosenbergjrosenberg@thehonestcompany.com
Honest (NASDAQ:HNST)
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