Polk Out As Newell Brands CEO

Michael Polk, Newell Brands president and CEO, will “retire from the company” at the end of the second quarter.

According to a company press release, Polk and Newell’s board of directors have agreed the time is right for a management transition. A search has commenced for Polk’s successor.

Patrick Campbell, chairman of Newell’s board of directors, said, “While we recognize that there is still work to do to become a leading consumer goods company, we are confident that the company is taking the right steps to execute its transformation, drive growth and increase shareholder value.”