Morgan Stanley Views Newell Rubbermaid's Polk Announcement As Positive

According to Morgan Stanley, Newell Rubbermaid NWL announcement that Michael Polk is to be CEO is positive. Morgan Stanley said that Newell announced the appointment of Michael Polk as CEO, replacing Mark Ketchum, who previously announced his retirement. “We view Polk as a very good fit for Newell given his broad global CPG experience, and we have received consistently positive feedback from our industry contacts regarding his performance in previous management roles, including most recently, as President, global foods, home & person care at Unilever, as well as prior experience at Kraft/P&G.” Newell Rubbermaid closed yesterday at $15.35.