Energizer Holdings, Inc. Announces CFO Succession

Energizer Holdings, Inc. Announces CFO Succession

(July 1, 2021) -  Energizer Holdings, Inc. announced on June 30, 2021 that Timothy W. Gorman has decided to retire from his position as Executive Vice President and CFO after a nearly 40-year career in finance. John Drabik, Senior Vice President, Corporate Controller and Chief Accounting Officer, will succeed Mr. Gorman as Executive Vice President and CFO, effective October 1, 2021. Mr. Drabik will report to Mark S. LaVigne, President and CEO. To ensure a smooth transition, Mr. Gorman will remain with the Company in an advisory capacity through December 31, 2021.

"John has been an important part of our leadership team and finance organization for nearly two decades, and has considerable financial and operational expertise and familiarity with Energizer's business," said Mr. LaVigne. "As part of our Board's commitment to succession planning, the Board previously identified John as a candidate for CFO and we have worked closely with him over the years to prepare him for this role. He is a strong and thoughtful leader, and I am confident that he will be a great CFO for Energizer."

"I am honored to be stepping into the role of CFO at a time of strength and momentum for Energizer," said Mr. Drabik. "I look forward to working with Mark and the rest of the team as we continue to strengthen our leadership across product categories and generate sustainable growth for our shareholders."

Mr. LaVigne continued, "Tim has been an integral member of the Energizer team and has made countless contributions to our growth and success throughout the years. His integrity, dedication and intimate knowledge of our operations have been instrumental in helping Energizer transform into the leading global consumer products company it is today. Tim's efforts have supported our strategic priorities and positioned us to deliver continued operational excellence. It has been a pleasure to work with Tim and, on behalf of everyone at Energizer, we wish him the best in his retirement."

"Looking back on my career with Energizer, I could not be prouder of what we have accomplished as a company," said Mr. Gorman. "Looking forward, I am confident in the direction the Company is heading, especially with John serving in the CFO role. He knows Energizer as well as I do, and I look forward to working with Mark, John and the rest of the team to ensure a smooth transition."

During his nearly 20-year career at Energizer, Mr. Drabik has held several roles of increasing responsibility across the Company's finance organization. Prior to his current role, Mr. Drabik served as Vice President, Corporate Controller and Treasurer, where he was responsible for the Company's global controllership, external reporting, tax, operations accounting and treasury functions. He also previously served as Vice President, Corporate Development, where he was responsible for sourcing and completing multiple transactions across the consumer sector.

Mr. Drabik holds an M.B.A. from Washington University in St. Louis and a Bachelor's Degree in Accounting from the University of Missouri - Columbia. (PR Newswire)