Newell Rubbermaid CEO resigns

Manufacturing News, Source : TheManufacturer.com
Published : 17 Oct 2005 21:29

Newell Rubbermaid announced today that Joseph Galli, its chief executive officer since 2001, has resigned his positions as CEO and director by mutual agreement with the Board of Directors.

Mark D. Ketchum, a member of the Board of Directors and the Audit Committee, will serve as interim chief executive officer while the Board conducts an external search for a permanent replacement. He will continue as a member of the Newell Rubbermaid Board, but will relinquish his Audit Committee membership during his tenure as interim CEO.

"We appreciate Joe Galli’s many contributions to our company over the nearly five years he has been here and wish him well in his future endeavors,” William D. Marohn, chairman of Newell Rubbermaid, said. “Our search will focus on candidates with proven track records executing programs that drive top-line growth, strengthen brands, encourage innovation and reduce costs across large organizations.”

Newell Rubbermaid is a global manufacturer of consumer and commercial products with 2004 sales of $6.5 billion, and a brand family that includes Sharpie, Paper Mate, EXPO, Waterman, Rubbermaid, Calphalon, Graco, Goody, BernzOmatic, IRWIN, and LENOX. The company is headquartered in Atlanta, GA, and has over 31,000 employees worldwide.

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