Restructuring aims to accelerate company's Growth Game Plan initiative.
Newell Rubbermaid has announced a new organization model and a strengthened leadership team, including top outside appointments to its executive team, to accelerate implementation of the Growth Game Plan strategy.
“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.”
New Leadership Team Announced
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.
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. Originally from the United Kingdom, Tarchetti is the founder of international consulting firm Tarchetti & Co. Ltd. and has been supporting the development of Newell Rubbermaid’s new business strategy over the last year.
Prior to starting his own consulting firm, Tarchetti spent 14 years at Unilever in a variety of senior strategy, business and finance roles, culminating in being appointed the head of Global Corporate Strategy, reporting directly to Unilever’s first external Chief Executive Officer and driving the development of the company’s new corporate strategy with the top executive team. He will report to President and CEO Polk.
William A. Burke III, currently Group President, Newell Professional, has been appointed Chief Operating Officer and will lead the new Delivery Organization. Burke has a proven track record of outstanding leadership and consistent growth in his 10 years at Newell Rubbermaid, including leading and repositioning the Lenox brand to deliver double-digit sales growth and heading the company’s Professional businesses to accelerate international expansion. Burke’s businesses have been the most significant contributors to company growth over the last few years. He will continue to report to President and CEO Polk.
Joe Cavaliere will join the company as Global Chief Customer Officer, reporting to Burke. Cavaliere has 28 years of experience in Customer Development and is currently the head of Customer Development for Unilever in North America.
New Organization Model 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).
Newell Rubbermaid will also create flatter structures, giving bigger roles to key leaders and driving simplification throughout the organization in order to focus on growth. The company will start by delayering the top structures, eliminating the two operating Groups (Consumer and Professional) while further consolidating the Global Business Units (GBUs) from nine GBUs to six Business Segments.
These six Business Segments will be part of the Delivery organization:
• 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 & Parenting: Graco, Aprica and Teutonia
• Home Solutions: Rubbermaid, Calphalon, Levolor, Kirsch and Goody
• Specialty: Bulldog, Ashland, Shur-Line, Dym® office, Endicia and Mimio
Learn more at www.newellrubbermaid.com