ATLANTA-Newell Rubbermaid has appointed Doug Martin, a 25-year veteran of the company, as chief financial officer.
Martin is succeeding Juan Figuereo, who is stepping down from the company after serving as chief financial officer since 2009. Figuereo will remain with Newell for a few months to ensure a seamless transition, the company said in a statement.
Before this appointment, Martin had served as deputy chief financial officer, in which he is credited with designing a road map for streamlining the company’s cost structure. Other positions he has held with Newell include vice president of finance-Newell Consumer, vice president of finance-office products and corporate vice president-treasurer.
Michael Polk, Newell’s president and CEO, said the company is “making good progress in the execution of our growth game plan by taking an aggressive stance toward reducing structural costs and working capital, and increasing brand investment. Doug’s strategic leadership, financial expertise and deep company and industry knowledge will be instrumental to helping us realize our growth ambition.”