Energizer 2012 Annual Report Download - page 8

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Our 2011 Household Products Restructuring resulted
in $34 million in total annual savings.
TOTAL ANNUAL SAVINGS
$34M
6
Energizer Holdings, Inc. 2012 Annual Report
Ward M. Klein
Chief Executive Ofcer
Energizer Holdings, Inc.
November 20, 2012
allow us to increase future investments in brand building,
innovation and category development, and strengthen
our position in the Personal Care and Household Prod-
ucts categories.
Continuing focus on shareholder value
During scal 2012, we repurchased a total of 5.9 million
shares at a cost of $418 million, and in May 2012,
the Board of Directors initiated a quarterly dividend of
40 cents per share or $1.60 a year. Our initiatives to
enhance growth and improve eciency are a reection
of our commitment to create shareholder value. We
return that value to shareholders through our stock
buyback program and our new quarterly dividend.
As I close, I would like to note some signicant
changes to the Board and senior management team
during 2012.
Daniel J. Heinrich joined our Board of Directors in
April. Dan, who most recently served as Executive Vice
President, Chief Financial Ocer of e Clorox
Company, brings more than 34 years of experience in
consumer products and nancial management.
Joe W. McClanathan retired as President and Chief
Executive Ocer of the Energizer Household Products
division after 37 years of service. Joe was succeeded by
Alan R. Hoskins, previously Vice President, Asia-
Pacic, Africa and Middle East.
Also retiring was Gayle G. Stratmann, Vice
President and General Counsel of Energizer since
March 2003. Gayle was succeeded by Mark S. LaVigne,
who has been Secretary and Assistant General Counsel
since 2010.
In addition, Brian K. Hamm was named Vice
President, Global Business Transformation to oversee the
successful execution or our multi-year restructuring plan.
I know I speak for all of us at Energizer in wel-
coming Dan and extending our deep thanks to Joe and
Gayle for their many contributions.
In closing, our ability to execute our plans for growth
and eciency and achieve record earnings in a challeng-
ing scal 2012 speaks to the quality of our management
team and colleagues. We are grateful for their contribu-
tions, and we are condent their skills and commitment
will enable Energizer Holdings to continue to create
value for our shareholders, customers, consumers and
colleagues.
Our initiatives to enhance
growth and improve
efciency are a reection of
our commitment to create
shareholder value.