Helen of Troy Limited Implements Succession Plan and Appoints Julien R. Mininberg Chief Executive Officer Effective March 1,

  Helen of Troy Limited Implements Succession Plan and Appoints Julien R.
  Mininberg Chief Executive Officer Effective March 1, 2014

 Chairman, CEO & President Gerald J. Rubin To Step Down Effective Immediately
 To Serve as CEO of River Oaks Properties Ltd.; CFO Thomas J. Benson To Serve
                               As Interim CEO;

            Independent Director Timothy F. Meeker Named Chairman

Business Wire

EL PASO, Texas -- January 15, 2014

Helen of Troy Limited (NASDAQ:HELE), designer, developer and worldwide
marketer of brand-name houseware, healthcare/home environment and personal
care consumer products, today announced that its Board of Directors has
appointed Julien R. Mininberg, 49, Chief Executive Officer, effective March 1,
2014, the beginning of the Company’s new fiscal year. Mr. Mininberg, who
currently serves as Chief Executive Officer and President of Helen of Troy’s
Healthcare/Home Environment segment (Kaz and PUR®), will succeed Gerald J.
Rubin, 70, who is stepping down as Chief Executive Officer and President of
the Company and resigning from the Board of Directors, effective immediately,
to serve as Chief Executive Officer of River Oaks Properties Ltd., one of El
Paso’s leading commercial real estate firms. Thomas J. Benson, Senior Vice
President and Chief Financial Officer, will serve as Interim Chief Executive
Officer until Mr. Mininberg assumes the CEO role.

The Board also announced that it has decided to separate the roles of Chairman
and Chief Executive Officer. Effective immediately, the Board has appointed
Timothy F. Meeker, an independent director, to succeed Mr. Rubin as Chairman
of the Board. The Board intends to nominate Mr. Mininberg as a director to
stand for election at the Company’s 2014 annual meeting.

Gary B. Abromovitz, Deputy Chairman and Lead Independent Director of Helen of
Troy, said, “The Board of Directors has been actively engaged in ongoing
succession planning and management development, and this leadership change is
designed to ensure a smooth transition and position the Company for the
future. For the past several years, Julien has successfully led Helen of
Troy’s largest business segment and brings extensive marketing and management
experience from his more than fifteen years at Procter & Gamble. With a strong
track record of building market-leading multinational brands and
organizations, operational expertise, and excellent management skills, we
firmly believe that Julien is the ideal person to lead the Company going
forward.”

Timothy F. Meeker said, “Tom Benson has been with Helen of Troy for ten years
and has an excellent knowledge of all aspects of the Company. As a result, he
is the perfect person to serve as interim CEO as we make this transition.”

Mr. Abromovitz added, “On behalf of the Board, I want to thank Jerry for his
exceptional leadership and dedication over the past four decades. Jerry has
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.”

Mr. Rubin said, “I am proud of the business we have created and honored to
have led such a talented team of nearly 1,500 employees around the world.
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. I am confident that I am leaving the Company I co-founded in 1968 in
a strong position to continue to grow and prosper. Julien is a talented leader
with demonstrated success in building global businesses as well as fostering a
winning culture. I wish Julien all the best as he leads Helen of Troy, and
continues the great legacy of our Company.”

Mr. Mininberg said, "I am delighted and honored for the opportunity to lead
Helen of Troy. The Company has a strong presence in its core markets and a
talented organization. Each division has a portfolio of businesses and brands
that deliver results through a deep understanding of their unique markets and
can be leveraged as a platform for future growth as we look to deliver value
to our shareholders. I am confident we have a bright future.”

The Board’s Compensation Committee, with the assistance of an independent
compensation consultant, has designed a compensation package for Mr. Mininberg
that it believes is closely aligned with the interests of shareholders. In
connection with the Company’s 2013 annual meeting, the Compensation Committee
engaged in discussions with shareholders to gain input into its compensation
plans and intends to engage with shareholders regarding executive compensation
going forward.

As a result of the CEO change, the Company expects to record a charge of
approximately $16.3 million (after giving effect to taxes), or $0.50 per fully
diluted share, in the fourth quarter of fiscal year 2014 ending February 28,
2014, which reflects payments required under Mr. Rubin’s employment agreement.
The Company expects to realize net savings in CEO compensation in fiscal year
2015 of approximately $30.0 million (after giving effect to taxes), or $0.92
per fully diluted share, which is net of the new CEO’s target compensation
expense.

Julien Mininberg has been with Kaz since 2006, becoming President in 2007 and
CEO in 2010. Under his leadership, Kaz has made successful acquisitions, such
as PUR® water filters, and secured new licenses for world-class brands such as
Febreze®. Before joining Kaz, Mr. Mininberg spent 15 years at Procter &
Gamble, where he spent four years in general management and 11 in marketing.
His P&G career was split evenly between the United States and Latin America:
in the U.S., he focused on marketing as Brand Manager in P&G's Healthcare
division; in Latin America, he was Marketing Director for the company's
cleaning products division and later managed all of P&G’s business in Central
America. Mr. Mininberg earned his Bachelor's degree and MBA from Yale
University.

About Helen of Troy Limited:

Helen of Troy Limited is a leading global consumer products company offering
creative solutions for its customers through a strong portfolio of
well-recognized and widely-trusted brands, including: Housewares: OXO®, Good
Grips®, Soft Works®, OXO tot® and OXO Steel®; Healthcare/Home Environment:
Vicks®, Braun®, Honeywell®, PUR®, Febreze®, Stinger®, Duracraft® and
SoftHeat®; and Personal Care: Revlon®, Vidal Sassoon®, Dr. Scholl's®, Pro
Beauty Tools®, Sure®, Pert®, Infusium23®, Brut®, Ammens®, Hot Tools®, Bed
Head®, Karina®, Ogilvie® and Gold 'N Hot®. The Honeywell® trademark is used
under license from Honeywell International Inc. The Vicks®, Braun®, Febreze®
and Vidal Sassoon® trademarks are used under license from The Procter & Gamble
Company. The Revlon® trademark is used under license from Revlon Consumer
Products Corporation. The Bed Head® trademark is used under license from
Unilever PLC. The Dr. Scholl's® trademark is used under license from MSD
Consumer Care, Inc.

For in-depth information about Helen of Troy, please visit www.hotus.com.

Forward Looking Statements:

This press release may contain forward-looking statements, which are subject
to change. The forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Any or all
of the forward-looking statements may turn out to be wrong. They can be
affected by inaccurate assumptions or by known or unknown risks and
uncertainties. Many of these factors will be important in determining the
Company's actual future results. Consequently, no forward-looking statement
can be guaranteed. Actual future results may vary materially from those
expressed or implied in any forward-looking statements. The forward-looking
statements are qualified in their entirety by a number of risks that could
cause actual results to differ materially from historical or anticipated
results. Generally, the words "anticipates", "estimates", "believes",
"expects", "plans", "may", "will", "should", "seeks", "project", "predict",
"potential", "continue", "intends", and other similar words identify
forward-looking statements. The Company cautions readers not to place undue
reliance on forward-looking statements. The Company intends its
forward-looking statements to speak only as of the time of such statements,
and does not undertake to update or revise them as more information becomes
available. The forward-looking statements contained in this press release
should be read in conjunction with, and are subject to and qualified by, the
risks described in the Company's Form10-K for the year ended February 28,
2013 and in our other filings with the SEC. Investors are urged to refer to
the risk factors referred to above for a description of these risks. Such
risks include, among others, the departure and recruitment of key personnel,
the Company's ability to deliver products to our customers in a timely manner,
the Company's geographic concentration of certain U.S. distribution
facilities, which increases our exposure to significant shipping disruptions
and added shipping and storage costs, difficulties encountered during the
transition to the Company’s new distribution facility could interrupt the
Company’s logistical systems and cause shipping disruptions, the Company's
projections of product demand, sales, net income and earnings per share are
highly subjective and our future net sales revenue, net income and earnings
per share could vary in a material amount from such projections, expectations
regarding acquisitions and the integration of acquired businesses, the
Company's relationship with key customers and licensors, the costs of
complying with the business demands and requirements of large sophisticated
customers, the Company's dependence on foreign sources of supply and foreign
manufacturing, the impact of changing costs of raw materials and energy on
cost of goods sold and certain operating expenses, circumstances that may
contribute to future impairment of goodwill, intangible or other long-lived
assets, the risks associated with the use of trademarks licensed from and to
third parties, our dependence on the strength of retail economies and
vulnerabilities to an economic downturn, the Company's ability to develop and
introduce innovative new products to meet changing consumer preferences,
disruptions in U.S., European and other international credit markets, exchange
rate risks, trade barriers, exchange controls, expropriations, and other risks
associated with foreign operations, the costs, complexity and challenges of
upgrading and managing our global information systems, the risks associated
with information security breaches, the risks associated with tax audits and
related disputes with taxing authorities, potential changes in laws, including
tax laws, and the Company's ability to continue to avoid classification as a
controlled foreign corporation.

Contact:

Helen of Troy Limited
John Boomer, 915-225-8050
Senior Vice President
or
Investors:
ICR, Inc.
Allison Malkin / Anne Rakunas
203-682-8200 / 310-954-1113
 
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