Newell Brands CEO Saligram to retire May 16; Peterson appointed CEO, Steele named Chairman

NEWELL BRANDS INC.

CEO Ravi Saligram to retire from Newell Brands effective May 16, 2023.
Chris Peterson appointed President & CEO; base salary $1.3M, target bonus 150%, $3.8M transition equity award.
Robert Steele named new Board Chairman effective May 16; Patrick Campbell remains as director.
Gary Hu nominated for board election as Icahn designee; board to expand to 12 members.
Saligram's retirement agreement includes prorated 2023 bonus and full vesting of stock options and RSUs.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Ravichandra K. Saligram

Chief Executive Officer

NWL · NEWELL BRANDS INC.

Effective: 2023-05-16
Successor: Christopher H. Peterson
Filed: February 10, 2023, 6:59 PM ET

Ravichandra K. Saligram, the Company’s Chief Executive Officer (“CEO”) and member of the Company’s Board of Directors (the “Board”), will retire from the Company on May 16, 2023

Role change

Christopher H. Peterson

President and Chief Executive Officer

NWL · NEWELL BRANDS INC.

Effective: 2023-05-16
Filed: February 10, 2023, 6:59 PM ET

Christopher H. Peterson, has been appointed to serve as President and Chief Executive Officer effective upon the conclusion of the Annual Meeting.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ravichandra K. Saligram departed as Chief Executive Officer at NEWELL BRANDS INC..

Action: retire
Role: Chief Executive Officer

Exact text from the filing

Ravichandra K. Saligram, the Company’s Chief Executive Officer (“CEO”) and member of the Company’s Board of Directors (the “Board”), will retire from the Company on May 16, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher H. Peterson was appointed as President and Chief Executive Officer at NEWELL BRANDS INC..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Christopher H. Peterson, has been appointed to serve as President and Chief Executive Officer effective upon the conclusion of the Annual Meeting.

View on SEC.gov

NEWELL BRANDS INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-031396

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