Andreas Rouvé named CEO at Spectrum Brands

Spectrum Brands Holdings has promoted from within to replace former chief executive Dave Lumley, who recently announced his plans to retire.

Current COO Andreas Rouvé will become CEO of the company effective April 1, having served in his current capacity since February 2014.

“I am honored to be able to lead our company forward and continue to execute on our strategic plans for future growth and value creation,” Rouvé said. “We thank Dave Lumley for his dynamic leadership and countless and lasting contributions as our CEO during a period of record growth and profitability for Spectrum Brands. Our company has a bright future, a deep and experienced global leadership team, and many opportunities to further increase our adjusted EBITDA and sustainable free cash flow as we build an even stronger Spectrum Brands.”

Rouvé's career at Spectrum also involved roles such as president, international, as well as senior VP and managing director of the European Battery and Personal Care business. He initially joined the company in 2002 as CFO of the European Battery division.

His career also includes 13 years spent at VARTA AG in a variety of management positions, including CFO of VARTA Portable Batteries, managing director Asia and director of finance of 3C Alliance L.L.P.

“Andreas has provided outstanding operating and financial leadership as COO and previously in key international and European executive roles over the years,” said Lumley. “I have known and worked closely with Andreas for nearly a decade and can attest to his deep knowledge and experience with Spectrum Brands’ businesses. This will serve our shareholders, employees, customers and key partners well given our company’s increasing size, complexity and global reach.

Lumley, who has served as the company's CEO since April 2010, will remain on the Spectrum board of directors.

“Andreas is an impressive business leader and has been a tremendous contributor to our growth and success through the years,” said David Maura, chairman of the board of Spectrum Brands. “Andreas is well-suited to lead our company to the next level as we follow the same vision, strategy and direction that have served us so well to date. I look forward to working closely with Andreas, who embodies our low-cost and high-performance operating style and our culture of ownership and accountability.”