Newell CEO under pressure from the board of directors after disappointing sales


The board of directors, Michael Polk, has asked the CEO of Newell Brands Inc. to prove that his turnaround was in the wake of several disappointing quarters of sales of the conglomerate of household goods, according to people close to the case.

The company's board of directors, made up mainly of directors chosen by activist investors, has considered replacing Polk, while suspending new financial incentives in the event of the company's takeover, the population said. Polk, 58, has been CEO of Newell since …


Source link