“We have made excellent progress over the last year delivering results while also driving change,” said Michael Polk, Newell Rubbermaid’s president and chief executive officer. “Our market shares are increasing in most categories around the world and our margins are improving. These achievements give us confidence that we can now accelerate actions designed to unlock the upside of our Growth Game Plan. I see more potential in our business today than I imagined upon joining the company 15 months ago — and I am energized by the choices we are making, the team we are building and the opportunity ahead.
“The structural and leadership changes we are announcing today are bold steps that are critical to unlocking our full growth potential. Our employees have proven to me that they are capable of this level of change. By increasing the pace of our transformation we will more quickly realize the Growth Game Plan ambition of becoming a bigger, faster growing, more global, more profitable Newell Rubbermaid.”
The new organization model is built on two pillars, development and delivery. Newell Rubbermaid will reorganize the company around the first two pillars of its growth game plan — brand and category development (Making our Brands Really Matter) and best in class execution and delivery (Building an Execution Powerhouse).
The company will start by de-layering the top structures, eliminating the two operating groups (consumer and professional) while further consolidating the global business units from nine units to six business segments. They are: tools: Irwin and Lenox tools and Dymo industrial; commercial products: Rubbermaid commercial products and Rubbermaid Healthcare; writing: Sharpie, Paper Mate, Expo, Prismacolor, Parker and Waterman; baby and parenting: Graco, Aprica and Teutonia; home solutions: Rubbermaid, Calphalon, Levolor, Kirsch and Goody; and specialty: Bulldog, Ashland, Shur-Line, Dymo office, Endicia and Mimio.
In the context of the company’s new organization, the company is making a series of new leadership appointments to strengthen the Newell executive team:
o Mark Tarchetti, the former head of global corporate strategy at Unilever, will join the company in January as chief development officer and lead the new development organization.
o William A. Burke III, currently group president of Newell Professional, has been appointed chief operating officer and will lead the new delivery organization.
Bolstering the development and delivery organizations are the following significant new additions to the Newell executive leadership team:
o Joe Cavaliere will join the company as global chief customer officer, reporting to Burke.
o The company will appoint a global chief supply chain officer, to be announced in the coming weeks.
o Richard Davies will join the company as chief marketing and insights officer, reporting to Tarchetti.
o Chuck Jones, recently appointed chief design and research and development officer, will continue as a member of the Newell executive leadership team, reporting to Tarchetti.
The development and delivery organizations will be supported by strong and lean functional leadership teams in finance and information systems, human resources and legal:
o Doug Martin, appointed chief financial officer of Newell Rubbermaid last month, will coordinate all of the company’s cost and cash initiatives to unlock the trapped capacity for growth.
o Gordon Steele, chief information officer, will report to Martin and will continue to be a member of the executive leadership team.
o John Stipancich, currently chief legal officer and general counsel, will continue in this role while also adding responsibility for delivering the company’s results in Europe, the Middle East and Africa.
o Jim Sweet, currently chief human resources officer, will continue in this role and report to Polk.