ScottsMiracle-Gro Announces Realignment of Finance, Provide Chain and Company Affairs Teams Departure of Randy Coleman as Chief Financial Officer

Realignments position the Company for continued development

Company momentum carries on as both of those big segments exceed interior Q1 targets

MARYSVILLE, Ohio, Jan. 11, 2021 (World NEWSWIRE) — The Scotts Wonder-Gro Company (NYSE: SMG) these days introduced a collection of organizational improvements in the parts of finance, source chain and corporate affairs intended to completely leverage long term progress chances and push long-phrase shareholder value. As section of the realignment, the Company introduced Randy Coleman has departed as govt vice president and main economic officer and that Cory Miller, previously vice president of finance for Hawthorne Gardening Business, has been promoted to senior vice president and named as interim CFO. The Firm will start a official lookup method to fill the role on a long lasting basis, which will include a review of both of those internal and external candidates.

“Cory has emerged as a person of our brightest leaders by way of his contributions to the growth and accomplishment of Hawthorne above the previous quite a few yrs, and shareholders really should be confident in his talents to presume the obligations of the CFO position,” stated Jim Hagedorn, chairman and CEO. “During his a lot more than 20-calendar year tenure, he has excelled in a series of company and operating roles, culminating in his recent purpose as finance guide for Hawthorne. Cory has been deeply included in the organization, like the integration of Daylight Offer and quite a few other acquisitions that have led to the recent Hawthorne portfolio.”

In a broader realignment of the finance organization, Kelly Berry, previously corporate treasurer, has been promoted to lead all of finance for the U.S. Shopper business segment. Lonny Essex, a previous corporate banker and very long-tenured associate and advisor, has been named to do well Ms. Berry as treasurer, a job he has held in the past. Mark Scheiwer will transition from his part as controller to guide the Hawthorne finance group. Brad Chelton, the former head of inside audit who at this time prospects provide chain finance, will changeover into the controller’s purpose. Mr. Chelton joined ScottsMiracle-Gro in 2007 following a 9-year job in public accounting. Mark Sims has been promoted to senior vice president of special operations, which incorporates strategic arranging and inside consulting as effectively as mergers and acquisitions. He will report directly to Jim Hagedorn.&#13

Independently, Dave Swihart, senior vice president of exploration and enhancement, has taken on the expanded role of leading worldwide technological know-how and functions and will go on to report to Mike Lukemire, president and main running officer. This expanded position includes oversight of the entire world wide provide chain purpose. Scott Hendrick will direct all production and distribution functions, and Mark Slavens, PhD., will assume a broader management purpose in R&D. Both equally will report to Mr. Swihart.

“Under Dave’s leadership, we have radically enhanced our innovation procedures and have benefitted from a collection of the most successful item launches in our record,” Lukemire stated. “As we proceed to progress our offer chain to satisfy the promptly evolving desires of the sector, which includes the growth of our immediate-to-consumer attempts, he is the right person to also oversee this exertion. Dave’s expanded part supplies me a lot more versatility to work with Jim and our Board of Administrators on important strategic initiatives that we believe will drive progress and benefit for many years to appear.”

Brian Herrington has been promoted to vice president of external affairs at Hawthorne and will oversee all condition and federal governing administration relations actions for that small business. He will report to Chris Hagedorn, common manager of Hawthorne, and Jim King, executive vice president for company affairs. The Enterprise also will build a guide public affairs role primarily based in Washington, D.C., reporting to Mr. King.

Hagedorn pressured the realignment and Mr. Coleman’s departure were being not similar to any fears about previous or future business functionality or the integrity of the Company’s economical controls. Alternatively, internal arranging for most of the variations introduced today have been underway for months as part of ongoing strategic planning, expertise management and succession planning conversations.

“Clearly our enterprise has been doing perfectly and that development has continued into 2021 as we exceeded our expectations for the initially quarter,” stated Jim Hagedorn. “This realignment is targeted on totally exploiting the longer-phrase prospects that lie forward and leveraging the deep nicely of expertise that exists inside ScottsMiracle-Gro.&#13

“In our U.S. Shopper company, gardening has in no way been a lot more pertinent to consumers, and demographic tendencies go on to do the job in our favor. Additional investments in advertising and types like are living merchandise will be critical in this business. And at Hawthorne, the regulatory ecosystem proceeds to increase at each the point out and federal level. People tailwinds, coupled with the improvements we’ve made about the previous two decades and the current opening of our new R&D facility in Canada, evidently posture Hawthorne above any other participant in the field.

“All of us want to thank Randy for his a lot more than 20-calendar year motivation to ScottsMiracle-Gro. He performed a key function in the development of Hawthorne, the advancement and implementation of Undertaking Concentrate and other initiatives that drastically enhanced our current market posture and drove significant shareholder benefit. He remains a mate to all of us, and we wish him ongoing good results in his long run endeavors.”

 “My departure from ScottsMiracle-Gro is on pleasant terms,” Mr. Coleman explained. “I am happy of the human body of work I depart behind, self-confident in the depth and power of the finance workforce and am aligned with the technique that I helped shape and that my previous colleagues keep on to go after. Largely, I am eternally grateful for the opportunities and relationships that have served form my profession and life.”

Dave Evans, the CFO of ScottsMiracle-Gro from 2006 to 2013, and now a member of the Board of Administrators, will provide as a senior advisor to the executive leadership and finance team throughout the transition to a lasting CFO.

“We are fortunate to have access to Dave’s counsel and practical experience,” Hagedorn said. “We also have extraordinary talent, not just in the finance group, but the full enterprise. I am optimistic about our capacity to capture the alternatives in advance of us.”&#13

About ScottsMiracle-Gro
With approximately $4.1 billion in product sales, the Business is one particular of the world’s largest marketers of branded consumer solutions for lawn and yard care. The Company’s manufacturers are among the the most recognized in the marketplace. The Company’s Scotts®, Wonder-Gro® and Ortho® makes are current market-major in their types. The Company’s wholly-owned subsidiary, The Hawthorne Gardening Organization, is a top supplier of vitamins, lighting and other products utilised in the indoor and hydroponic expanding phase. For further details, pay a visit to us at www.scottsmiraclegro.com. 

Cautionary Notice Regarding Forward-Wanting Statements 
Statements contained in this push release, other than statements of historical fact, which handle pursuits, occasions and developments that the Firm expects or anticipates will or may perhaps happen in the long term, such as, but not constrained to, facts with regards to the foreseeable future economic efficiency and money affliction of the Firm, the options and goals of the Company’s administration, and the Company’s assumptions with regards to these types of efficiency and plans are “forward-wanting statements” inside of the indicating of the U.S. federal securities legal guidelines that are issue to pitfalls and uncertainties. These ahead-seeking statements frequently can be recognized as statements that include things like phrases these as “guidance,” “outlook,” “projected,” “believe,” “target,” “predict,” “estimate,” “forecast,” “strategy,” “may,” “goal,” “expect,” “anticipate,” “intend,” “plan,” “foresee,” “likely,” “will,” “should” or other very similar text or phrases. Precise benefits could vary materially from the forward-on the lookout information in this launch because of to a wide variety of components, which includes, but not constrained to:

• The ongoing COVID-19 pandemic could have a materials adverse impact on the Company’s business enterprise, effects of operation, monetary affliction and/or dollars flows
• Compliance with environmental and other general public overall health regulations or alterations in these polices or regulatory enforcement priorities could enhance the Company’s fees of doing business or restrict the Company’s skill to sector all of its merchandise
• Damage to the Company’s name or the name of its solutions or merchandise it marketplaces on behalf of 3rd parties could have an adverse effect on its business enterprise
• The highly aggressive mother nature of the Company’s marketplaces could adversely have an effect on its potential to keep or develop revenues
• If the Company is unable to correctly execute its e-commerce company, its popularity and functioning final results may well be harmed
• Since of the concentration of the Company’s sales to a tiny selection of retail customers, the loss of a single or far more of, or important reduction in orders from, its major clients could adversely affect the Company’s money results
• Local climate transform and unfavorable weather conditions ailments could adversely impression financial effects
• Specific of the Company’s items could be purchased for use in new or rising industries or segments and/or be topic to varying, inconsistent, and speedily altering guidelines, restrictions, administrative tactics, enforcement strategies, judicial interpretations and consumer perceptions
• The Company’s operations may perhaps be impaired if its information technology units are unsuccessful to carry out sufficiently or if it is the issue of a facts breach or cyber-attack
• The Company may not be in a position to sufficiently defend its mental assets and other proprietary legal rights that are materials to the Company’s small business
• In the celebration the Third Restated Marketing and advertising Agreement for purchaser Roundup solutions terminates, or Monsanto’s buyer Roundup organization materially declines the Company would reduce a significant source of future earnings and overhead cost absorption
• Hagedorn Partnership, L.P. beneficially owns about 26% of the Company’s typical shares and can appreciably impact conclusions that call for the acceptance of shareholders
• Acquisitions, other strategic alliances and investments could result in working problems, dilution and other harmful outcomes that might adversely effects the Company’s organization and effects of operations.

Extra detailed information and facts concerning a variety of the important factors that could result in real final results to vary materially from the ahead-searching details contained in this launch is quickly available in the Company’s publicly submitted quarterly, once-a-year and other studies. The Corporation disclaims any obligation to update developments of these risk variables or to announce publicly any revision to any of the ahead-on the lookout statements contained in this launch, or to make corrections to mirror long term activities or developments.

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