Newell Brands announced Thursday that President and CEO Michael Polk will retire at the end of the second quarter.
As Newell approaches the end of its "accelerated transformation plan," it and Polk agreed that it "is the right time for a management transition." The company, which owns consumer brands like Rubbermaid, said it has begun to look for Polk's successor and has retained executive search firm Heidrick & Struggles.
Polk has served in those roles since 2011. He has also been a member of Newell's board since 2009.
This story is developing. Please check back for updates.
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