Polistina Leaving Spectrum Brands

Terry L. Polistina, president of Spectrum Brands’ Global Appliances division, has elected to leave the company, effective September 30th, the company has announced. Polistina will continue to serve as a member of the Board of Directors of Spectrum Brands.

Steve Fraundorfer, who has more than 20 years of manufacturing and operations experience at Spectrum Brands, has been appointed vp/general manager for Global Appliances, which includes responsibility for North American Appliances sales and marketing in addition to his current responsibilities for Global Appliances business operations. Fraundorfer will report to Dave Lumley, CEO of Spectrum Brands Holdings. Andreas Rouvé, President, International, maintains his responsibility for all international Appliances operations and continues to report to Lumley. The Global Appliances management structure was instituted earlier this year in preparation for Polistina’s planned departure from the company.

“Terry has made valuable and significant contributions to our global continuous improvement, supply chain and new product development processes, and to our company’s overall growth and strategic development,” said Lumley. “Under his leadership, we exceeded our initial cost synergy estimates from the acquisition of Russell Hobbs and the subsequent integration of our Home and Remington Personal Care divisions. Our Global Appliances division has been streamlined, is achieving record annual cost savings this year, and is currently introducing a record number of new products across the world. We thank Terry for his leadership and wish him well. We are grateful he remains a director of the company.”

Polistina was appointed to the Spectrum Brands Board of Directors in August 2009 and named president of Spectrum Brands’ Small Appliances division, upon the closing of the company’s merger in June 2010 with Russell Hobbs, Inc.  Prior to joining Spectrum Brands Polistina was CEO of Russell Hobbs. Prior to joining Russell Hobbs, he served as COO of Applica Incorporated from 2006 to 2007 and as Chief Financial Officer from 2001 to 2007. Polistina also served as a senior vp of Applica from 1998 to 2001.