ATLANTA, Sept. 11 /PRNewswire-FirstCall/ -- Newell Rubbermaid Inc.
(NYSE: NWL) today announced that Magnus R. Nicolin has been hired as
President, Newell Rubbermaid Europe, reporting to Chief Executive Officer
Mark D. Ketchum. The assignment will become effective January 1, 2007. In
this newly created position, Magnus will lead the re-platforming of the
company's $800 million European, Middle Eastern and African business,
consistent with the global business unit approach the company is evolving.
"Magnus brings extensive global consumer products experience to this
assignment. His skill set will help us find efficient growth and improved
profitability throughout our European businesses," said Ketchum. "There is
tremendous potential for our resized European portfolio to contribute to
future results. Magnus has demonstrated that he has the leadership
necessary to execute our strategic initiatives, and drive Newell
Rubbermaid's focus on Brands That Matter(TM). The current European platform
includes such well known brands as Waterman(R), Parker(R), LENOX(R),
IRWIN(R), Graco(R), Paper Mate(R) and Sharpie(R)."
Nicolin, 49, has acted as a consultant for Newell Rubbermaid in the
Fine Writing business since May 1, 2006. Previously, he was president and
chief executive officer of Esselte Office Products. In his seven years at
Esselte Magnus led the LBO of Esselte and over four years drove significant
value creation including the sale of the DYMO division to Newell Rubbermaid
in December 2005. Previous company experience includes Pitney Bowes, Bayer
Diagnostics and McKinsey & Co.
Nicolin holds a BA from The Stockholm School of Economics and a MBA
from The Wharton School at The University of Pennsylvania.
At the same time, the company is announcing that Karl Kahofer,
president of the Rubbermaid/Irwin Group Europe will be leaving the company
at the end of the year to pursue other interests -- we want to thank Karl
for his outstanding service to Newell Rubbermaid these past five years.
Additionally, Mr. Nicolin will assume interim responsibility for
European Office Products, reporting to Steve Marton. Denis Terrien,
President of Sanford -- Europe will report to Mr. Nicolin in this capacity.
About the Company
Newell Rubbermaid Inc. is a global marketer of consumer and commercial
products with 2005 sales of $6.0 billion and a strong portfolio of brands,
including Sharpie(R), Paper Mate(R), DYMO(R), EXPO(R), Waterman(R),
Parker(R), Rolodex(R), IRWIN(R), LENOX(R), BernzOmatic(R), Rubbermaid(R),
Graco(R), Calphalon(R) and Goody(R). The company is headquartered in
Atlanta, Ga., and has approximately 28,000 employees worldwide.
This press release and additional information about the company are
available on the company's Web site at http://www.newellrubbermaid.com.
NWL-EX
SOURCE Newell Rubbermaid Inc.
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Related links:
http://www.newellrubbermaid.com
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CONTACT:
Nancy de Jonge Davis, Vice President,
Investor Relations & Corporate Communications, or Esther Lippman,
Senior Manager, Public Relations, both of Newell Rubbermaid Inc.,
+1-770-407-3994
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