Rubin Steps Down at Helen of Troy
January 16, 2014,
EL PASO, Texas-Gerald Rubin, chairman, president and CEO of Helen of Troy and its co-founder, has left the company to become CEO of River Oaks Properties, a commercial real-estate company.
The 70-year-old Rubin has also resigned from Helen of Troy's board of directors. A company statement also said the board has appointed Julien Mininberg, CEO of the company's health-care/home environment segment, to succeed Rubin as CEO, effective March 1. Tom Benson, senior vice president and chief financial officer, will serve as interim CEO until Mininberg takes the post.
Rubin co-founded Helen of Troy with his father, Louis, in 1968. Gary Abromovitz, the company's deputy chairman, said, "Jerry built this company from the ground up, from a family business to a multinational organization with a diverse portfolio of businesses and revenues of nearly $1.3 billion in fiscal year 2013."
Citing the "talented team of nearly 1,500 employees around the world," Rubin said, "Together we have created a well-respected, world-class global consumer products company with a market capitalization of nearly $1.7 billion, with strong momentum for continued success in serving our consumers and retail partners."