Haleon: CFO Transition Due to Health Concerns; No Impact on Valuation or Moat

Wide-moat Haleon reported on April 24 that its chief financial officer, Tobias Hestler, will be stepping down due to long-term health conditions and will be replaced by Dawn Allen. Allen is currently serving as the CFO of Tate & Lyle, a food and beverage products supplier, and has previously worked at Mars for over 20 years tackling various roles, including vice president and global CFO, global transformation at Mars Inc. Allen will join Haleon on Oct. 28, 2024, and we think she brings in decades of knowledge and relevant experience in the consumer industry to help the management team steer the company in the right direction.