Newell Rubbermaid (NWL) has promoted Doug Martin to chief financial officer, succeeding Juan Figuereo, who has led the finance department since 2009.

The Atlanta, Ga.-based maker of Paper Mate pens and Sharpie markers said Martin, 49, will help Newell Rubbermaid execute its Growth Game Plan, a corporate strategy that includes accelerating growth in emerging markets and slicing structural costs. 

Using his veteran experience and 25 years with the company, Newell Rubbermaid Chief Executive Officer Michael Polk said Martin will be “instrumental to helping us realize our growth ambition.”

Martin most recently served as deputy chief financial officer, where he has been credited with designing a plan to streamline the business. Prior to that, he held a number of positions in the finance department, including vice president of finance in both the Newell consumer and office- products business segments.

Figuereo will remain on board through the next few months to help with the transition. Newell Rubbermaid said the former CFO made the decision to step down.

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