Strategy Update from Newell Brands

Newell Brands Inc. presented its new strategy at the 2023 dbAccess Global Consumer Conference in Paris. 

Chris Peterson, President and Chief Executive Officer, and Mark Erceg, Chief Financial Officer, provided updates on the company’s strategic priorities, capital allocation framework and Evergreen Targets.

“Our presentation highlighted focused and deliberate choices we are making to strengthen the company’s consumer-facing capabilities.

“We will leverage and further build upon the strengthened operational foundation we’ve established. And, we will be harnessing the scale of our portfolio to drive competitive advantage” said Chris Peterson.

“I am confident that our clear strategic choices, paired with our experienced leadership team and talented employees, will enable the company to accelerate financial performance going forward.

“We see the opportunity to unlock the power of our brands and scale operations to drive sales growth.”

Over the past several months, the leadership team has undertaken a refresh of the corporate strategy, including an assessment of where Newell Brands stands versus its competitors. An assessment of the talent and culture required to enact the strategy refresh was conducted. Plus, an evaluation of the capital allocation priorities required to support the new strategy.

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