Newell Brands Appoints Tiffany Exec CFO, Plans New Global Headquarters
Newell Brands Inc. has appointed Ralph Nicoletti executive vice president and chief financial officer, effective June 8, 2016. The announcement follows the recent combination of Newell Rubbermaid and Jarden Corporation, which closed on April 15, 2016, forming a new $16 billion consumer goods company. With the appointment of Nicoletti, current CFO John Stipancich will leave the company to pursue other interests. LeFevre, former CFO of Jarden Corporation, left the company upon the closing of the Jarden transaction.
Nicoletti has served as CFO of global, publicly-traded corporations for almost ten years. He joins Newell Brands from specialty retailer and manufacturer Tiffany & Company, where he led the worldwide financial and information technology functions as the executive vice president and CFO. Prior to joining Tiffany & Company, Nicoletti was CFO of CIGNA Corporation and Alberto Culver, and held various senior finance positions at Kraft Foods, including senior vice president of finance of Kraft Foods North America.
As CFO, Nicoletti will initially focus on leading the development of a high-performing finance function to fully capture the value creation associated with the company’s recent combination with Jarden and driving the company’s efforts to strengthen operating cash flow and streamline cash management in service to achievement of the company’s projected leverage targets.
Global Headquarters Planned
Newell Brands Inc. also announces it will establish its new global headquarters in Hoboken, New Jersey. The company will also invest in creating a second hub for advanced design, and will expand its e-commerce activities to serve the new larger company in the same location.
The New Jersey Economic Development Authority worked closely with Newell Brands to structure $27 million in tax incentives which will help offset the costs associated with the new facility. Newell Brands expects the build out of its new facility to be ready for occupancy in the fall of 2016. The company will continue to maintain its current business hubs in Atlanta, Boca Raton and Norwalk, as well as its design center in Kalamazoo, Michigan.
Newell Brands' portfolio of brands includes Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Irwin, Lenox, Oster, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle.
Nicoletti has served as CFO of global, publicly-traded corporations for almost ten years. He joins Newell Brands from specialty retailer and manufacturer Tiffany & Company, where he led the worldwide financial and information technology functions as the executive vice president and CFO. Prior to joining Tiffany & Company, Nicoletti was CFO of CIGNA Corporation and Alberto Culver, and held various senior finance positions at Kraft Foods, including senior vice president of finance of Kraft Foods North America.
As CFO, Nicoletti will initially focus on leading the development of a high-performing finance function to fully capture the value creation associated with the company’s recent combination with Jarden and driving the company’s efforts to strengthen operating cash flow and streamline cash management in service to achievement of the company’s projected leverage targets.
Global Headquarters Planned
Newell Brands Inc. also announces it will establish its new global headquarters in Hoboken, New Jersey. The company will also invest in creating a second hub for advanced design, and will expand its e-commerce activities to serve the new larger company in the same location.
The New Jersey Economic Development Authority worked closely with Newell Brands to structure $27 million in tax incentives which will help offset the costs associated with the new facility. Newell Brands expects the build out of its new facility to be ready for occupancy in the fall of 2016. The company will continue to maintain its current business hubs in Atlanta, Boca Raton and Norwalk, as well as its design center in Kalamazoo, Michigan.
Newell Brands' portfolio of brands includes Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Irwin, Lenox, Oster, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle.