Newell Rubbermaid reshuffles its top ranks
Newell Rubbermaid is changing up its leadership ranks as the company moves forward with its Growth Game Plan initiative.
Effective Jan. 1, Joe Arcuri, currently the president, Home Solutions, will take on the newly created role of chief commercial officer.
Richard Davies, currently chief marketing and insights officer, will expand his responsibilities to assume the role of chief development officer.
Additionally, chief operating officer Bill Burke and chief development officer Mark Tarchetti both announced their resignations. They will both continue in their current roles through the end of 2015.
Both Arcuri and Davies will report to Newell Rubbermaid president and CEO Michael Polk.
"2015 has been a watershed year for our company," said Polk. "We have realized strong performance as promised in the Growth Game Plan and have taken a series of steps to strengthen our portfolio including this past week's announcement regarding our intention to acquire Elmer's Products, Inc. Importantly, as we increase our brand and innovation activity and investment, we are seeing our consumers and customers reward us with higher growth and market share gains. Simultaneously we are driving margin and earnings improvement. So, we make these leadership changes in our top team from a position of strength."
"On behalf of the board of directors and the entire company, I want to thank Bill and Mark for their significant contributions to Newell Rubbermaid's transformation," he added. "Bill has been a high-impact, committed and passionate leader, helping enable the change we have driven and consistently delivering the commercial outcomes we needed as chief operating officer. Mark has been a key architect of the Growth Game Plan and has worked tirelessly over the past four years to transform the company's consumer insights, design, ecommerce, marketing and brand building capabilities into competitive advantages. Both Bill and Mark have been instrumental to the success of the Growth Game Plan and we wish them all the best as they pursue their future interests."