Honest Co's founder Jessica Alba to resign as creative chief; shares slip

Honest

10/04/2024 14:42

(Updates)
    ** Shares of baby and household products maker Honest Co
 HNST.O  fall as much as 8.8% to $3.4 
    ** Company said on Tuesday after markets, its founder,
actress Jessica Alba, would step down from her role as chief
creative officer
    ** HNST says Alba plans to pursue new projects and would
continue to deliver leadership as a member of its board
    ** In March earns surprise profit for Q4, banking on price
hikes and growth in its digital channel 
    ** Brokerage Telsey Advisory Group notes Alba's stepping
down is no significant surprise, post stabilization of the
business and management of the team 
    ** Up to last close, HNST gained 12.7% YTD

 (Reporting by Annett Mary Manoj in Bengaluru)
 ((AnnettMary.Manoj@thomsonreuters.com))