Newell Brands Announces Board Refreshment; Bridget Ryan Berman Will Succeed Robert Steele as Chair
Portfolio Pulse from Benzinga Newsdesk
Newell Brands (NASDAQ:NWL) announced board changes including the election of James Keane and Anthony Terry, and the departure of Robert Steele, Courtney Mather, and Jay Johnson. Bridget Ryan Berman will become the new Chair effective May 8, 2024. The board size will decrease from eleven to eight members. These changes are part of the board's commitment to refreshment and are expected to support the company's ongoing turnaround strategy.
February 22, 2024 | 9:51 pm
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Newell Brands announces significant board changes, including the appointment of Bridget Ryan Berman as the new Chair and the election of James Keane and Anthony Terry to the board. The company will see a reduction in board size from eleven to eight members.
The board refreshment at Newell Brands, including the appointment of a new Chair and the addition of new members with significant leadership and operational experience, is likely to be viewed positively by investors. This could signal a strong commitment to corporate governance and strategic oversight, potentially leading to improved company performance and investor confidence in the short term.
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