Fourth quarter revenue at Newell Brands was down as the company reported sales declines in its three key product segments including Food & Appliances.
BJ’s Wholesale Club has appointed Christopher Peterson, executive vice president, chief financial officer of Newell Brands, to its board of directors. He will serve as chair of the board’s audit committee.
Newell Brands has named Christopher Peterson as the company’s evp/CFO. His appointment is effective December 3 and he will report to Michael Polk, the company’s president and CEO.
Newell Brands continues moving forward with its Accelerated Transformation Plan and has signed agreements to sell two businesses, Pure Fishing and Jostens.
Third quarter net sales at Newell Brands were down as company officials said several factors including a decline in core sales were to blame for the decrease.
Newell Brands has expanded its Crock-Pot assortment with the debut of its 4-quart and 8-quart Express Crock Multi-Cookers.
Newell Brands has signed a definitive agreement to sell Goody Products, a manufacturer of hair styling tools and accessories, to a fund managed by ACON Investments, a private equity investment firm.
Second quarter sales at Newell Brands were down as company officials pinned the decrease on the closing of Toys ‘R Us and inventory destocking in the office superstore segment.
Groupe SEB has made several changes to its executive leadership team in the Americas.
When Jack Pearson, a popular character in the NBC hit TV show “This Is Us,” died on the show as the result of a house fire that appeared to be caused by a faulty slow cooker, many of the show’s loyal fans reacted negatively, saying they would never use their Crock-Pot again.
Newell Brands has taken the next step in its accelerated transformation plan with the sale of Rawlings Sporting Goods Company.
Oster, a division of Newell Brands, has launched its DuraCeramic air fryer, which offers several features including a tilt function and non-stick rotating bowl.
Newell Brands said that its evp/chief financial officer, Ralph Nicoletti, will retire at the close of 2018.
First Alert has launched the connected Onelink Safe & Sound smoke, fire and carbon monoxide detector with Alexa and Apple Home Kit integration. The alarm also features entertainment and lifestyle features such as connected audio functions.
It was a busy first quarter for Newell Brands as the company reported a decline in net sales while also announcing an acceleration in its transformation plan that includes the sale and possible sale of select divisions.
The proxy fight between Newell Brands and Starboard Value LP appears to be over as the two parties have reached an agreement that includes the appointment of new members to Newell’s board of directors.
A day after Newell Brands announced a deal with billionaire investor Carl Icahn, activist hedge fund Starboard Value LP said its four nominees for Newell’s board of directors are withdrawing their nominations.
Newell Brands has named four new members to its board of directors as part of an agreement with billionaire investor Carl Icahn, who owns 6.9% of the company’s shares.
Billionaire investor Carl Icahn has acquired a stake in Newell Brands and could play a role in the current battle over the company’s leadership, according to several published reports.
Just weeks after the resignations of three board members— all former Jarden executives— Newell Brands has named two new members to its board of directors with a third to be voted on at a later date.