The company has retained Spencer Stuart to help identify a new chief financial officer. While that search is under way, John Stipancich, the company’s executive vice president, general counsel, corporate secretary and Europe, Middle East and Africa leader, has been named the company’s interim chief financial officer.
“On behalf of the board of directors and the entire company, I want to thank Doug for his invaluable contributions and leadership over 27 years of service with Newell Rubbermaid. During the last two years as chief financial officer, Doug has been instrumental in driving the growth game plan into action. I know Doug and his family are excited by returning home to their extended family in the Midwest, and I wish him continued success in his future endeavors. Doug leaves us with an experienced financial team that will ensure a seamless transition while we search for a successor,” said Michael Polk, president/chief executive officer.
Stipancich, a 10-year veteran of the company, is a member of its executive leadership team. He currently has operating responsibility for the company’s business operations in Europe, the Middle East and Africa, and the company’s global legal functions.
Prior to joining the company, he held executive positions with Evenflo Co. Inc. and Borden Inc., both former Kohlberg Kravis Roberts & Co. portfolio companies. He started his legal career as an associate with the international law firm of Squire Patton Boggs.