Scotts Miracle-Gro chairman and CEO Jim Hagedorn will not retire as CEO this year. "The success we've seen over the past two years has been exciting, but it really just reinforces how much more opportunity remains for our company and the lawn and garden category," Hagedorn said. "While I thought I wanted to step aside after I turned 55, I've decided I want to stay engaged in the business and, with the approval of our board of directors, intend to do so."
Additionally, Barry Sanders has been named president of the company, effective immediately. He replaces Mark Baker, who was hired two years ago as president and chief operating officer. Baker is no longer with the company.
Sanders joined Scotts Miracle-Gro in 2001, overseeing the implementation of a new enterprise resource planning system as well as the consolidation of the North American Consumer business. He later led the sales force in the United States and was then promoted to lead the company's Global Supply Chain. In 2008, Sanders was selected to lead the U.S. Consumer business and, earlier this year, was named executive VP of the entire Global Consumer segment.
Hagedorn praised Baker's contributions during his seven-year tenure on the board. "He leaves us on good terms, and I want to thank him for all he has done," Hagedorn said.