Content about Michael Polk

May 2, 2014

Dealing with the adverse impacts of a harness buckle recall on some of its car seats and the weather-related slowdown in its home business, Newell Rubbermaid sales slipped 0.7% in the first quarter to $1.23 billion. 

“Strong core sales growth in Writing offset declines in Home Solutions and Baby, yielding normalized earnings per share of $0.35, flat with last year's results,” said Michael Polk, CEO. 

Net income declined 2.4% to $52.9 million. 

February 3, 2014

Newell Rubbermaid reported strong fourth-quarter and full-year results, to the tune of a double-digit year-over-year improvement in its bottom line.

Net sales for the three months ended Dec. 31 were $1.49 billion, up 2.9% in year-ago terms. For the full year, sales came in at $5.69 billion, a 2.0% increase over 2012.

The company realized significantly better progress in terms of its net income. Income for the fourth quarter was $117.3 million, up 15.1% year-over-year. For the 12-month period, income was $474.6 million, up 18.3% from 2012's $401.3 million.

December 9, 2013

Newell Rubbermaid has appointed Paula S. Larson to the post of EVP and chief human resources officer, succeeding the soon-to-be-retired James M. Sweet, effective Dec. 16.

May 3, 2013

The company has announced plans to sell its “Hardware and Teach Platform” businesses.

August 10, 2012

Newell Rubbermaid named to its board of directors Ignacio Perez Lizaur, a former Wal-Mart Stores executive. 

Lizaur led Wal-Mart’s first international venture when he worked as director of Sam’s Club Mexico in 1991.

July 27, 2012

Newell Rubbermaid’s net sales declined 1.9% to $1.52 billion in the second quarter ended June 30. Net income declined 23.8% to $111.8 million. But those declines didn’t prevent CEO Michael Polk from looking at the bright side and pointing to momentum.

Core sales, which exclude the impact of changes in foreign currency translation, grew by 0.4%. And net sales for the first six months were $2.85 billion, up 1.0 % from the first-half results last year.

December 7, 2011

Atlanta-based Newell Rubbermaid announced a new five-year $800 million syndicated revolving credit facility. 

Michael Polk, president and CEO said: “This enhanced credit facility reflects our solid financial position and improved balance sheet, further bolstering our financial flexibility and demonstrating our continued ability to access capital at attractive terms.”

This facility replaces a $665 million syndicated revolving credit facility that was scheduled to mature in November 2012.

November 16, 2011

Newell Rubbermaid is consolidating its current three operating groups into two -- Newell Consumer and Newell Professional.

The move, part of its previous realignment of its global business units as part of its Project Renewal initiative, will also see 13 global business units roll into nine. These changes take effect Jan. 1, 2012.

June 24, 2011

Former Unilever executive Michael Polk has been appointed president and CEO of Newell Rubbermaid, effective July 18. He succeeds Mark Ketchum, who is retiring but will remain a director until May 2012.

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