Newell Brands Appoints Mark Erceg as New CFO, Chris Peterson to Take Over as President

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Newell Brands ($NASDAQ:NWL) is an American company based in Hoboken, New Jersey that specializes in consumer and commercial products. It has a portfolio consisting of well-known brands such as Sharpie, Rubbermaid, Calphalon, and Graco. On Monday, Newell Brands announced that they had appointed Mark Erceg as their new Chief Financial Officer (CFO), effective January 9th. Erceg has held a number of positions in the past, most recently having been Executive Vice President and CFO at Cerner Corporation. Erceg is an experienced executive with a track record of success and is well respected in the industry. At the same time, Newell Brands also announced that Chris Peterson would be taking over as President of the company.

He has held several senior positions in the organization, including President of the Home Solutions division. He has been credited with driving growth in the company’s core businesses and is well-positioned to take on the role of President. The appointments of Erceg and Peterson as Newell Brands’ CFO and President, respectively, are part of the company’s strategy to ensure continued success and growth. Their combined experience and expertise will be invaluable in helping the company reach its goals. With their guidance, Newell Brands can look forward to a bright future.

Share Price

This news sent NEWELL BRANDS stock prices soaring, with shares opening at $13.4 and closing at $13.6, up by 1.3% from the previous closing price of $13.4. Mark Erceg has extensive experience in the industry, having previously served as CFO in a number of companies, most notably Coca-Cola FEMSA and SABMiller plc. He is also an experienced board member, having held positions on the boards of US Cellular Corporation and The Clorox Company. Mark Erceg is expected to bring his leadership skills and financial expertise to Newell Brands. He was most recently President of the Global Tools business, and prior to that, he held executive roles in the company’s Baby & Parenting and Home Solutions businesses, where he successfully drove growth and profitability.

His deep knowledge of Newell Brands’ operations, coupled with his expertise in strategy and execution, make him an ideal fit to take on the role of President. The appointments of Mark Erceg as CFO and Chris Peterson as President are expected to be beneficial for Newell Brands, as they bring a great deal of experience and leadership to the company. With their combined expertise, Newell Brands is sure to continue its success and reach new heights in the future. Live Quote…

About the Company

VI Analysis

Company fundamentals are important indicators of a company’s long-term potential, and the use of the VI app simplifies the analysis of such fundamentals. The VI Star Chart for NEWELL BRANDS reveals that the company is strong in dividend payouts and profitability, but weak in asset and growth. As such, NEWELL BRANDS has been classified as a ‘Cow’, meaning it has a track record of paying out consistent and sustainable dividends. This type of company is likely to be attractive to long-term and dividend-focused investors. Furthermore, NEWELL BRANDS has been given a health score of 8/10, indicating that it is capable of surviving any market crisis without the risk of bankruptcy. The company’s strong cashflows and low debt levels further highlight its financial stability. In conclusion, NEWELL BRANDS has a strong financial foundation, making it an attractive investment option for long-term and dividend-focused investors. More…

VI 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

Investing in Newell Brands offers a unique opportunity for investors. It also boasts a strong balance sheet, with a healthy mix of debt and equity. Furthermore, Newell Brands has experienced strong growth in recent years and is well-positioned to capitalize on future opportunities in the consumer and commercial spaces. The company has also been making strategic investments to position itself as a leader in its industry. This move was intended to help the company continue its growth trajectory and increase its presence in the consumer and commercial markets. Newell Brands has also been investing heavily in research and development to develop groundbreaking new products and services that will drive further growth.

In addition to its core consumer and commercial products, Newell Brands has also been investing in emerging markets. This includes expanding its presence in China, India, and other emerging markets to capitalize on the growing demand for its products. The company has also been investing in digital transformation initiatives to ensure it can keep up with the changing needs of consumers and remain competitive in the market. Overall, Newell Brands is well-positioned to continue to grow and deliver value to its shareholders. With a strong balance sheet and a focus on innovation, the company is well-positioned to capitalize on opportunities in the consumer and commercial markets and remain competitive in the global market.