Newell Brands Names CFO Chris Peterson As President & CFO

Newell Brands Inc. (NWL), a consumer goods company, said on Thursday that it has appointed its Chief Financial Officer Chris Peterson as President and CFO of the company with immediate effect.

Peterson will continue to lead all aspects of the company's financial operations and maintain oversight of supply chain, procurement, IT, real estate, and global business services.

Peterson, who joined Newell in 2018, has led the company's complexity reduction efforts including SKU rationalization, consolidating multiple ERP systems, eliminating unnecessary applications, and reducing legal entities.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The Federal Trade Commission or FTC, has sued Walmart for allowing its money transfer services to be used by fraudsters, who fleeced consumers out of hundreds of millions of dollars. The retail giant is alleged to have looked the other way to pocket millions in fees while scammers took advantage of its failure to properly secure the money transfer services offered at Walmart stores. Home improvement retailer Bed Bath & Beyond, Inc. (BBBY) reported on Wednesday a net loss for first quarter that sharply widened from last year, hurt by hefty transient costs related to inventory markdown reserves and port-related supply chain fees. Both adjusted loss per share and net sales missed analysts' expectations. Tesla Inc. laid off about 200 employees in its Autopilot unit as the luxury electric car maker closed down its office in San Mateo, California as part of cost cutting efforts, reports said. The San Mateo office, where employees worked on improving the driver assistance systems, marketed as Autopilot, had about 350 employees before the cut.
Follow RTT