Scotts Miracle-Gro announces board changes, appointing Scott Miller to succeed John Vines, who transitions to an advisory role.
Quiver AI Summary
The Scotts Miracle-Gro Company announced changes to its Board of Directors, including the retirement of former U.S. Army Lt. General John R. Vines, who has served for over 12 years. Although retiring from board duties, Vines will remain as Board member emeritus in an advisory role. His replacement is retired U.S. Army General Scott Miller, who has extensive military leadership experience and has also been involved in business consulting and mentorship after retirement. Chairman and CEO Jim Hagedorn praised both Vines' contributions and Miller's strategic mindset and leadership qualities, highlighting the Board's recent focus on enhancing skill sets and perspectives. Miller's appointment marks the sixth new Board member since 2022, reflecting the company's ongoing transformation and commitment to growth in consumer goods.
Potential Positives
- Scotts Miracle-Gro appointed retired U.S. Army General Scott Miller to its Board of Directors, bringing extensive leadership experience and a strategic mindset to the company's governance.
- The Board's ongoing transformation, highlighted by the addition of multiple new members since 2022, reflects a commitment to enhancing skills and perspectives, which can lead to improved decision-making and company performance.
- General Miller's military accolades and leadership in complex geopolitical environments position him as a credible and influential figure, likely to strengthen the company's reputation and strategic direction.
- John R. Vines will continue to contribute to the company in an advisory role as Board member emeritus, ensuring continuity and ongoing access to his experience and insights.
Potential Negatives
- Former Board member John R. Vines' retirement after over 12 years could indicate potential instability or change in leadership dynamics within the board, which might concern investors.
- The need to replace board members and the emphasis on adding diverse skills may imply previous gaps in the board's effectiveness or oversight that needed addressing.
- Frequent changes in board membership (six new members since 2022) could raise questions about the continuity and cohesion of the company's strategic direction.
FAQ
What recent changes happened in ScottsMiracle-Gro's Board of Directors?
Former U.S. Army Lt. General John R. Vines retired after over 12 years, with Scott Miller appointed as his replacement.
Who is the new board member at ScottsMiracle-Gro?
Retired U.S. Army General Scott Miller has been appointed as the new board member, bringing extensive military leadership experience.
What is John R. Vines' new role after retiring from the Board?
John R. Vines will continue to contribute to the company as a Board member emeritus in an advisory role.
How does ScottsMiracle-Gro's Board plan to evolve?
The Board aims to add expanded skills and experiences for fresh perspectives, enhancing its leadership since 2022.
How significant are ScottsMiracle-Gro's sales figures?
ScottsMiracle-Gro reports approximately $3.6 billion in sales, making it the largest marketer of branded lawn and garden products.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SMG Insider Trading Activity
$SMG insiders have traded $SMG stock on the open market 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.
Here’s a breakdown of recent trading of $SMG stock by insiders over the last 6 months:
- PARTNERSHIP, L.P. HAGEDORN has made 0 purchases and 4 sales selling 100,000 shares for an estimated $6,326,485.
- BRIAN E SANDOVAL sold 1,513 shares for an estimated $99,645
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SMG Hedge Fund Activity
We have seen 243 institutional investors add shares of $SMG stock to their portfolio, and 214 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC removed 3,332,510 shares (-64.2%) from their portfolio in Q1 2025, for an estimated $182,921,473
- PACER ADVISORS, INC. removed 1,265,466 shares (-69.6%) from their portfolio in Q1 2025, for an estimated $69,461,428
- LAZARD ASSET MANAGEMENT LLC added 1,072,791 shares (+inf%) to their portfolio in Q1 2025, for an estimated $58,885,497
- MILLENNIUM MANAGEMENT LLC added 1,055,672 shares (+288.8%) to their portfolio in Q1 2025, for an estimated $57,945,836
- J. GOLDMAN & CO LP added 806,355 shares (+inf%) to their portfolio in Q1 2025, for an estimated $44,260,825
- POINT72 ASSET MANAGEMENT, L.P. removed 711,883 shares (-88.4%) from their portfolio in Q1 2025, for an estimated $39,075,257
- ALYESKA INVESTMENT GROUP, L.P. removed 594,428 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $32,628,152
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$SMG Analyst Ratings
Wall Street analysts have issued reports on $SMG in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Wells Fargo issued a "Overweight" rating on 07/09/2025
- Truist Securities issued a "Buy" rating on 06/06/2025
- JP Morgan issued a "Overweight" rating on 05/01/2025
- Jefferies issued a "Buy" rating on 04/07/2025
To track analyst ratings and price targets for $SMG, check out Quiver Quantitative's $SMG forecast page.
$SMG Price Targets
Multiple analysts have issued price targets for $SMG recently. We have seen 6 analysts offer price targets for $SMG in the last 6 months, with a median target of $69.5.
Here are some recent targets:
- W. Andrew Carter from Stifel set a target price of $70.0 on 08/04/2025
- Peter Grom from UBS set a target price of $68.0 on 07/31/2025
- Bill Chappell from Truist Securities set a target price of $80.0 on 07/14/2025
- Chris Carey from Wells Fargo set a target price of $75.0 on 07/09/2025
- Jeffrey Zekauskas from JP Morgan set a target price of $65.0 on 05/01/2025
- Jonathan Matuszewski from Jefferies set a target price of $69.0 on 04/07/2025
Full Release
MARYSVILLE, Ohio, Aug. 05, 2025 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the world’s leading marketer of branded consumer lawn and garden products as well as a leader in indoor and hydroponic growing products, today announced changes to its Board of Directors.
Former U.S. Army Lt. General John R. Vines announced his retirement after more than 12 years on the Board, most recently as a member of the Nominating & Governance and Innovation & Technology committees. His term was set to expire at the 2027 annual meeting of shareholders. Although he no longer is a member of the Board, he will maintain an advisory role as Board member emeritus. Vines served 35 years in the military, commanding the U.S. Army’s XVII Airborne Corps and 27-nation Multi-National Corps in Iraq and the Combined Joint Task Force and 82nd Airborne Division in Afghanistan.
“John has been a valuable and well-respected contributor whose leadership has been marked by his integrity and deep sense of commitment,” said Jim Hagedorn, chairman and CEO. “We very much appreciate his dedication to ScottsMiracle-Gro and look forward to John’s continued partnership in his new advisory role as Board member emeritus.”
Replacing Vines is retired U.S. Army General Scott Miller, who commanded at all grades, most notably as commanding general of the U.S. Army Maneuver Center at Fort Benning and as commander of the Joint Special Operations Command, where he directed U.S. operations in complex geopolitical regions including the Indo-Pacific, Africa, Middle East and South Asia. He also commanded assault forces in Mogadishu, Somalia, during “Blackhawk Down.” His numerous decorations and honors include two awards of the coveted Combat Infantryman Badge, two Purple Hearts, the Silver Star and an unprecedented 20 Overseas Service Bars denoting more than 10 full years in combat zones. In 2023, he was selected as a distinguished graduate of the United States Military Academy and the recipient of the Richard M. Helms Award presented by the CIA Memorial Foundation. In retirement, Miller has pursued an understanding of business serving in both leadership roles and board positions. Through the Miller Advisory Group he consults overseas, speaks on world topics and hosts leadership retreats. He is a senior fellow for the Combating Terrorism Center at the U.S. Military Academy, where he mentors future leaders, and is an ambassador for the nonprofit Shields and Stripes, which is focused on veterans and first responders.
“Scott has led men and women at every level of the military and in the toughest, most challenging and dynamic circumstances imaginable,” Hagedorn said. “His strategic and collaborative mindset, coupled with his inspirational leadership style, makes him a welcome addition to the Board as we further transform ScottsMiracle-Gro into a consumer goods marketing powerhouse capable of delivering greater returns.”
Since 2022, the Board has focused on adding expanded skills and experiences for fresh perspectives and viewpoints. Miller is the second Board member to be named in 2025 following the January appointment of Nick Miaritis, and he is the sixth new Board member to join since 2022.
About ScottsMiracle-Gro
With approximately $3.6 billion in sales, the Company is the world’s largest marketer of branded consumer products for lawn and garden care. The Company’s brands are among the most recognized in the industry. The Company’s Scotts®, Miracle-Gro®, and Ortho® brands are market-leading in their categories. The Company’s wholly-owned subsidiary, The Hawthorne Gardening Company LLC, is a leading provider of nutrients, lighting and other materials used in the indoor and hydroponic growing segment. For additional information, visit us at www.scottsmiraclegro.com .
For investor inquiries:
Brad Chelton
Vice President, Treasury, Tax and Investor Relations
[email protected]
(937) 309-2503
For media inquiries:
Tom Matthews
Chief Communications Officer
[email protected]
(937) 844-3864