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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
HELEN OF TROY LIMITED ANNOUNCES RESIGNATION
OF PRESIDENT & CHIEF OPERATING OFFICER
EL PASO, TEXAS, June 23, 2000 - Helen of Troy Limited (NASDAQ, NM:
HELE), designer, developer, and worldwide marketer of brand-name personal care
products, today announced that H. McIntyre Gardner, Director, President and
Chief Operating Officer, has resigned from the Company's Board of Directors and
his employment as an officer of the company, effective July 12, 2000, to pursue
other interests. Mr. Gardner has served as President and Chief Operating Officer
since September 1997, and has been a Director since August 1999.
Gerald J. Rubin, Chairman and Chief Executive Officer, stated that,
"All of us at Helen of Troy recognize and appreciate the contributions Mac
Gardner has made to this company over the past three years. We wish him success
in his future endeavors."
The Board of Directors has appointed Mr. Gerald Rubin to assume the
title and responsibilities of President in addition to his current positions as
Chairman of the Board and Chief Executive Officer.
Helen of Troy Limited is a leading designer, producer and marketer of
brand name consumer products. The Company's products include hair dryers,
curling irons, hair setters, women's shavers, brushes, combs, hair accessories,
home hair clippers, mirrors, foot baths, body massagers, depilatories and
paraffin baths. The Company's products are sold by mass merchandisers, drug
chains, warehouse clubs and grocery stores under the licensed trade names of
Vidal Sassoon, licensed from Procter & Gamble Co., the trademark Revlon(R),
licensed from Revlon Consumer Products Corporation, Dr. Scholl's(R), licensed
from Schering-Plough
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HealthCare Products, Inc., the trademark BARBIE(TM), owned by and used under
license from Mattel, Inc., and Sunbeam(R) and Oster(R) brands, licensed from
Sunbeam Corporation. Helen of Troy's owned trade names include Dazey, Caruso,
Karina and DCNL. The Company also markets hair and beauty care products under
the Helen of Troy, Hot Tools, Hot Spa, Salon Edition, Gallery Series, Wigo and
Ecstasy trademarks to the professional beauty salon industry.
This press release may contain certain forward-looking statements,
which are subject to change. The actual results may differ materially from those
described in any forward-looking statements. Additional information concerning
potential factors that could affect the Company's financial results are included
in the Company's Form 10-K for the year ended February 29, 2000.
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2000
