By Maria Saporta
Friday, May 13, 2011
Newell Rubbermaid Inc.’s annual meeting May 10 marked the last one for Mark Ketchum as CEO.
In his final report to shareholders as CEO, Ketchum spoke of the “new” Newell Rubbermaid. Under his tenure, the company has been restructured into three distinct product lines.
Ketchum said the company is now on a sustainable footing to have the “trifecta” of success: sales growth; gross margins nearing 40 percent; and increased earnings per share.
The company is still on track to name its next CEO either later this month or in June, according to Michael Cowhig, Newell Rubbermaid’s non-executive chairman.
