Newell Brands announced that the company is making changes to its board and executive leadership as it posted a fourth quarter during which market conditions pressured sales and earnings. Robert Steele will become chairman of the Newell Brands board effective May 16...
Newell Brands is launching a restructuring and savings initiative, Project Phoenix, the company said is intended to will its scale to reduce complexity, streamline the operating model and drive efficiencies. Newell expects to substantially implement Project Phoenix by...
Newell Brands named Mark Erceg chief financial officer, effective January 9, 2023. Erceg, based in Atlanta, will succeed Chris Peterson as CFO. Peterson recently was named president of Newell Brands. Erceg brings 30 years of global financial and operational experience...
Sales declines in Newell Brands’ Home Appliances and Home Solution businesses contributed to a 6.5% overall sales decline by the company in its second quarter. Newell reported net sales in the quarter were $2.5 billion, with core sales growth of 1.7% offset by...
The fourth quarter saw Newell brands post sales and earnings that beat Wall Street analyst estimates. Net income for the quarter was $96 million, or 22 cents per diluted share, versus $127 million, or 30 cents per diluted share, in the year-prior period, the company...
