Newell Brands Appoints Chris Peterson as President and CEO and Nominates Him to Board of Directors, Effective May 16, 2023.

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Newell Brands ($NASDAQ:NWL), a leading global consumer goods company with well-known brands across categories, has announced the appointment of Chris Peterson as President and CEO, effective May 16, 2023. The Board of Directors has also nominated Mr. Peterson for election at the company’s 2023 Annual Meeting on the same date. With its headquarters in Hoboken, NJ, Newell Brands is a global leader in consumer goods ranging from food and beverage to home care and writing products. Its portfolio includes iconic brands such as Sharpie, Paper Mate, Elmer’s, Rubbermaid and Sunbeam. His proven track record of delivering exceptional results will continue to drive Newell Brands’ success going forward.

He will continue to lead the company’s strategic initiatives and leverage his extensive industry experience to guide Newell Brands into the future. The Board of Directors believes that with Peterson’s appointment, Newell Brands is well-positioned to capitalize on opportunities in the consumer goods space. His experience and leadership skills will be instrumental in taking the company to even greater heights and furthering its mission to deliver value for customers, shareholders and employees.

Market Price

On Friday, the company’s stock opened at $13.9 and closed at $14.8, up 1.2% from its prior closing price of $14.6. Chris Peterson brings extensive experience in the retail and consumer products industry to the role, with a track record of success in developing, growing, and managing businesses to drive shareholder value. He has held various senior management positions in companies such as Kimberly-Clark Corporation, Amway Corporation, and The Clorox Company. He has also served on the Board of Directors of educational technology company, Renaissance Learning Inc. As President and CEO, Peterson will be responsible for overseeing the company’s operations and strategy, as well as driving growth initiatives.

He will also work closely with the other members of the Board of Directors to ensure that the company’s strategy and operations are aligned with the long-term interests of shareholders. With Peterson at the helm, Newell Brands can look forward to stronger leadership and focus on driving shareholder value through strategic investments and organic growth. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

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Analysis

GoodWhale’s analysis of NEWELL BRANDS revealed that the company, classified as a ‘cow’ according to the Star Chart, is strong in dividend and profitability, but weak in asset and growth. As a result of its strong track record of paying out consistent and sustainable dividends, it is likely to appeal to dividend investors. In addition, its health score of 8/10 with regard to cashflows and debt suggests that the company is capable of sustaining future operations in times of crisis. Furthermore, investors interested in a company’s resilience to unfavorable market conditions can look to NEWELL BRANDS’ reliable dividend payments as a form of assurance. These payments can provide investors with a certain degree of financial security, as well as confidence that their investments are well-protected in case of a market downturn. Given the company’s strengths and its ability to provide investors with both returns and security, NEWELL BRANDS appears to be a good option for those looking for a sound investment. Its combination of dividend strength, profitability and health score make it an attractive choice for dividend investors, as well as those seeking a reliable and sustainable long-term investment. More…

Peers

Newell Brands Inc. competes in the consumer goods market against Beiersdorf AG, Spectrum Brands Holdings Inc, and Winning Brands Corp. Newell Brands Inc. has a diversified portfolio of products that span many categories including housewares, hardware, and office products. The company has a long history dating back to 1898, when it was founded as the Newell Rubbermaid Company.

– Beiersdorf AG ($OTCPK:BDRFY)

Beiersdorf AG is a German skin care company that owns several popular brands, including Nivea, La Prairie, and Eucerin. The company has a market cap of 21.82 billion as of 2022 and a return on equity of 9.31%. Beiersdorf AG is a publicly traded company listed on the Frankfurt Stock Exchange. The company has its headquarters in Hamburg, Germany.

– Spectrum Brands Holdings Inc ($NYSE:SPB)

Spectrum Brands Holdings Inc. is a diversified consumer products company that manufactures, markets, and distributes a wide variety of branded consumer products. The company operates in three segments: Home & Garden, Pet, and Hardware & Home Improvement. The Home & Garden segment produces and markets a variety of consumer products for the home, including small appliances, home fragrance products, and pest control products. The Pet segment produces and markets a variety of pet food, pet supplies, and pet care products. The Hardware & Home Improvement segment produces and markets a variety of hardware and home improvement products, including power tools, hand tools, and plumbing and electrical supplies.

Summary

Newell Brands, a leading global consumer goods company, recently announced that Chris Peterson has been appointed as President and CEO and has been nominated to the Board of Directors, effective May 16, 2023. This development is expected to drive the company’s growth and improve its stock performance. Investors should keep an eye on Newell Brands as Peterson’s leadership could lead to increased sales and increased returns for shareholders.

Analysts expect the company to become more profitable and increase its market capitalization in the long term. Therefore, investors should consider investing in Newell Brands for the potential long-term gains.