Hain also announced Thursday it would take $350 million of costs out of the business.
Additionally, the company provided an initial fiscal 2018 outlook that was seen by some as rather optimistic.
“I feel good about going into 2018,” Simon said. “But what I feel good about is the brands that we own today, the products that we own globally around the world.”
In addition to the internal accounting probe, Hain in February received a subpoena seeking “relevant documents” from the Securities and Exchange Commission. Hain’s stock still hasn’t fully recovered and remains 40 percent below where it was trading before the accounting issues were first disclosed in August.
Even so, Simon has no plans to step aside.
“This is something that continues to grow, continues to evolve, and with that I think there’s lots of runway left in Hain,” he said. “And there’s lots of runway left within me.”
Simon also was asked about Amazon’s proposed purchase of Whole Foods, a major retailer selling organic and natural products. The CEO believes the deal is a good thing ultimately for Hain although some investors worry Amazon’s bigger push into grocery will squeeze profit margins of big-brand consumer-packaged goods suppliers.
“Amazon is one of our fastest-growing customers,” he said while also noting that Whole Foods is one of Hain’s big customers. “They want natural and organic products. Hain is in a strong position there.”
Moreover, he said if there is price pressure from consolidation on the retail side it will be offset because Hain is cutting costs in its business to “enhance our margins.”
On Thursday, Hain’s stock closed down 1.5 percent, but it was fractionally higher during part of the session. More than 14 million shares changed hands, or roughly seven times its average daily volume.