Energizer is in the process of splitting into two publicly traded companies - one selling household products, the other personal-care products. Personal products, which include Banana Boat sunscreen and Schick shaving products, and household products, including batteries, will split by July 1. Patrick Mulcahy, Energizer's board chairman, will serve as chairman of the household products company. Alan Hoskins, president and CEO of Energizer Household Products, will serve as CEO.

Klein will become executive chairman of the personal care company. David Hatfield, president and CEO of Energizer Personal Care, will be its CEO.