Oppenheimer Views Newell CEO Announcement As Likely And Positive

According to Oppenheimer, Newell Rubbermaid NWL announcement of Michael Polk as President and CEO is likely and positive. Oppenheimer said that it views NWL's announcement that Michael Polk will succeed the retiring Mark Ketchum as a modest positive, given Mr. Polk's familiarity with the NWL portfolio (having served on the board since 2009) as well as extensive experience (mostly in the CPG industry) at Unilever, Kraft and P&G. “We are maintaining our Perform rating on the shares but are looking forward to hearing Mr. Polk's vision for NWL in the coming weeks.” Newell Rubbermaid closed yesterday at $15.35.