Newell Rubbermaid Names New Chief Transformation Officer

By Markets MarketWatch Pulse

Newell Rubbermaid Inc. said it named Russ Torres to the newly created position of chief transformation officer. Torres, who was previously a partner at consulting firm Bain & Co., will lead integration and transformation efforts, including delivering sales and cost synergies associated with the pending merger with Jarden Corp. Torres will join Newell on April 1. "Russ will be a tremendous asset to our team as we bring Newell Rubbermaid and Jarden together to build a new company with much greater potential than either organization had standalone," said Mark Tarchetti, who will become president of Newell Brands when the Jarden deal is completed. Shares of the consumer products company, which brands include Sharpie, Paper Mate and Elmer's, have slipped 2.1% year to date, while the S&P 500 has gained 0.4%.

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