Newell Rubbermaid Inc. NWL, +0.forty four% said it named Russ Torres to the newly created position of chief transformation officer. Torres, who was once prior to now a companion at consulting agency Bain & Co., will lead integration and transformation efforts, including delivering gross sales and value synergies associated with the pending merger with Jarden Corp. JAH, +0.24% Torres will join Newell on April 1. “Russ will probably be a tremendous asset to our staff as we carry Newell Rubbermaid and Jarden together to build a brand new company with much higher potential than both organization had standalone,” mentioned Mark Tarchetti, who will turn out to be president of Newell brands when the Jarden deal is finished. Shares of the shopper merchandise company, which manufacturers include Sharpie, Paper Mate and Elmer’s, have slipped 2.1% 12 months thus far, whereas the S&P 500 has won 0.four%.
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