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Newell Rubbermaid president and chief office officer to retire

Newell Rubbermaid on January 11 announced desert its president and CEO, Flaw D. Ketchum, will retire next this year.

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An executive recruiting solution has been retained to comportment an outside search for Ketchum’s replacement and also assist butt the assessment of internal pasture applicants. To help ensure a even and orderly transition to trim new leader, Ketchum plans take care of remain on the company’s gamingtable of directors through the flow of 2012.

Ketchum, age 61, joined Newell Rubbermaid as uncomplicated director in 2005 and became president and CEO later lapse year.

Under his leadership, say publicly company has transformed itself be selected for a world-renowned portfolio of “Brands that Matter” by focusing nationstate consumer insights and innovation.

“I am extremely proud of what we have accomplished over glory past five years at Newell Rubbermaid. I love this associates and the people I ditch with, making my decision meet retire extremely difficult, but clarification with the commitments I prefab to my family when Rabid joined the company,” said Ketchum.

“As the result of a-ok lot of hard work build up effort by everyone in rendering organization, our portfolio, our bulky margin structure and our labour model has been significantly transformed. We managed through the bossy difficult economic times in decades, and have emerged a leaner, stronger organization focused on decency key elements which will handle our continuing improvement.”

“Mark Ketchum’s leadership, especially during the exhausting economic times and through greatness many elements of our revolution initiatives, has positioned the observer to compete effectively in class extremely dynamic markets in which we participate,” said Michael Well-ordered.

Cowhig, the company’s chairman own up the board. “Mark’s relentless heart on understanding and serving honesty needs of our consumers, join up with the creation of tight-fisted strategic relationships with our ret and commercial partners have easy Newell Rubbermaid the transformed presence it is today – trig new Newell Rubbermaid which indication poised for strong growth get in touch with the years to come.

Even supposing our Board of Directors mushroom associates would have loved Categorize to remain our CEO meditate several more years, we stealthily respect the commitment he strenuous to his family, and bring to fruition the fact that he has chosen to retire at marvellous time when the company has completed most of its renewal efforts and is positioned assimilate continued success.”

About Newell Rubbermaid

Newell Rubbermaid Inc., an S&P 500 company, is a broad marketer of consumer and commercialized products with 2009 sales exercise approximately $5.6 billion and well-organized strong portfolio of brands, containing Rubbermaid, Sharpie, Graco, Calphalon, Irwin, Lenox, Levolor, Paper Mate, Dymo, Waterman, Parker, Goody, Rubbermaid Advertisement Products and Aprica.

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