A cordless electronic device with power management system and method is provided that includes an outer surface, a power consumption circuit operable to consume power and for use in a cordless electronic device, a power supply circuit operable to regulate the power from a power source used to power the power consumption circuit of the cordless electronic device, a power control circuit operable to receive an input signal and to place the power consumption circuit in a lower or higher power state upon receipt of the input signal, a presence sensor operable to detect the presence of a user and to provide a presence sensor input signal to the power control circuit to place the power consumption circuit in the higher power state.