Newell Brands Announces Appointment of Ravi Saligram as Chief Executive Officer
July 30 2019 - 5:00AM
Business Wire
Newell Brands (NASDAQ: NWL) today announced the appointment of
Ravi Saligram as President and Chief Executive Officer, and a
member of the Newell Brands Board of Directors, effective October
2, 2019.
Patrick Campbell, Chairman of the Board of Newell Brands,
commented, “After a rigorous and wide-ranging selection process,
the Board is delighted to welcome Ravi as the company’s next CEO.
Ravi is an exceptional business leader and a proven chief executive
officer with a track record of building diverse leadership teams
while delivering high quality performance in complex multi-unit
organizations. He has an impressive history of driving shareholder
value during his prior CEO roles, and he has successfully executed
multiple digital transformations during his career. He is noted for
his leadership in consumer-facing and digital businesses and has
lived and worked in multiple international environments. The Board
welcomes Ravi to the role and looks forward to partnering with him
and the broader leadership team to build Newell Brands into a
leading next-generation consumer products company.”
“I am delighted to return to my roots in CPG and lead the Newell
team to reestablish the organization as a premier, cutting edge
consumer products company that is at the forefront of meeting
evolving needs and lifestyles,” said Ravi Saligram. “I am confident
that Newell, with its iconic brands and a compelling product
portfolio, is ripe for building a strong growth platform that
drives shareholder value through the creative intersection of
design, innovation, e-commerce and efficiencies. I’m excited to
partner with the leadership team as we galvanize employees to drive
world-class execution, become digital-first and build a
forward-looking, winning culture.”
Saligram comes to Newell Brands with an extensive background in
consumer brands, omnichannel commerce and global operations, and a
proven record of building a pipeline of best-in-class talent, with
a focus on diversity and inclusion. He is currently Chief Executive
Officer and a director of Ritchie Bros. Auctioneers Incorporated.
Over the past five years, he successfully drove a significant
strategic, operational and cultural transformation of that company
to a multi-channel, digitally savvy, technology-enabled world
leader in its field. Prior to that, Saligram served as Chief
Executive Officer of OfficeMax Incorporated, where he drove
innovation and evolved the company from an office products
distributor to an omnichannel provider of workplace products,
exiting the company after his successful championship of the merger
of equals with Office Depot. From 2003 through 2010, Saligram
served in executive management positions with ARAMARK Corporation,
a global food services company, including President of ARAMARK
International and Chief Globalization Officer and Executive Vice
President. From 1994 through 2002, he served in various capacities
for the InterContinental Hotels Group, a global hospitality
company, including President of Brands and Franchise for North
America; Chief Marketing Officer and Managing Director, Global
Strategy; President, International; and President, Asia Pacific.
Earlier in his career, Mr. Saligram held various general and brand
management roles at S.C. Johnson & Son, Inc. both in the United
States and overseas. He began his career at Leo Burnett Company.
Mr. Saligram holds an MBA from the University of Michigan, Ann
Arbor, and an electrical engineering degree from Bangalore
University, India. He has served on the Board of Directors of
Church & Dwight Co., Inc. since 2006.
Under his leadership, Ritchie Bros. was recognized as one of
British Columbia’s Top Employers in 2018; OfficeMax was recognized
by Ethisphere as one of the world’s most ethical companies, two
years in a row; and S.C. Johnson Korea was named one of the three
best foreign managed companies in Korea by KBS TV. In addition, in
2018 Saligram was named a CEO of the Year by Business in Vancouver,
as well as the Best in Biz Executive of the Year.
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.
This press release and additional information about Newell
Brands are available on the company’s website,
www.newellbrands.com.
Caution Concerning Forward-Looking
Statements
This press release contains forward-looking statements based on
management's current views and assumptions including but not
limited to the company’s ability drive successful growth and value
creation. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190730005375/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 + (201) 610-6717 claireaude.staraci@newellco.com
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