Newell Brands Announces Appointment of Chief Financial Officer Christopher Peterson As Interim CEO
June 26 2019 - 8:00AM
Business Wire
Newell Brands (NASDAQ:NWL) today announced the appointment of
Executive Vice President, Chief Financial Officer Christopher
Peterson as Interim Chief Executive Officer effective June 28,
2019. Mr. Peterson succeeds President and Chief Executive Officer
Michael Polk, who is retiring effective at the end of June as
previously announced.
“Chris has earned the respect of our Board, executive team and
employees since joining the company last year, and has the Board’s
full confidence as he takes on the role of interim CEO,” said
Chairman of the Board Patrick Campbell. “The search for a permanent
CEO is proceeding well and the Board expects to be in a position to
announce an external hire as the permanent CEO in the upcoming
weeks. We are confident that Newell Brands is taking the right
steps to execute its transformation, drive growth and increase
shareholder value as a leading consumer products company.”
“I am honored to serve as the interim CEO of Newell Brands and
am excited about the opportunity we have to improve the company’s
organizational capability, return to core sales growth and drive
shareholder value creation,” said Mr. Peterson.
Mr. Peterson will also continue his current role as the
company’s Executive Vice President, Chief Financial Officer, a role
he has had since joining Newell Brands in December of 2018.
About Christopher
Peterson
Chris Peterson has served as Executive Vice President and Chief
Financial Officer of Newell Brands since joining the company in
December of 2018. Prior to his current role, Chris was Chief
Operating Officer, Operations at Revlon, Inc., leading the global
Supply Chain, Finance and IT functions. Previously he spent four
years at Ralph Lauren, recruited as Senior Vice President, Chief
Financial Officer and ultimately leaving the company as President,
Global Brands, with P&L responsibility for all of the company’s
brands. Prior to Ralph Lauren, Chris spent 20 years at Procter
& Gamble in various roles of increasing responsibility, the
latest of which was Vice President and Chief Financial Officer,
Global Household Care. He began his professional career in
investment banking at Smith Barney Harris Upham & Co, Inc. and
has a B.S. from Cornell University in Operations Research and
Industrial Engineering.
About Newell Brands
Newell Brands (NASDAQ: NWL) is a leading global consumer goods
company with a strong portfolio of well-known brands, including
Paper Mate®, Sharpie®, Dymo®, EXPO®, Parker®, Elmer’s®, Coleman®,
Marmot®, Oster®, Sunbeam®, FoodSaver®, Mr. Coffee®, Graco®, Baby
Jogger®, NUK®, Calphalon®, Rubbermaid®, Contigo®, First Alert®, and
Yankee Candle®. For hundreds of millions of consumers, Newell
Brands makes life better every day, where they live, learn, work
and play.
Cautionary Note Regarding
Forward-Looking Statements
This press release contains forward-looking statements based on
management's current views and assumptions including but not
limited to the timing of hiring a permanent CEO, the ability to
execute the company’s transformation, drive core sales growth,
increase shareholder value and improve organizational capability.
Actual results and events may differ materially from those
described in the forward-looking statements above. For more
information on the factors that could cause actual results to
differ materially from those suggested in the forward-looking
statements, please refer to the cautionary statements, Forward
Looking Statements and Risk Factors set forth in Newell Brands’
Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, as
filed with the U.S. Securities and Exchange Commission. The
information contained in this news release is as of the date
indicated. The company assumes no obligation to update any
forward-looking statements contained in this news release as a
result of new information or future events or developments.
This press release and additional information about Newell
Brands are available on the company’s website,
www.newellbrands.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190626005210/en/
Investors: Nancy O’Donnell SVP, Investor Relations and
Communications +1 (201) 610-6857 nancy.odonnell@newellco.com
Media: Claire-Aude Staraci Director, External
Communications +1 (201) 610-6717
claireaude.staraci@newellco.com
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