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Talk about a quick transition—Newell Brands’ Chris Peterson has gone through quite the career roller coaster over the past year: from CFO to president and now CEO—all in nine months’ time. In December, the company announced that Peterson, the sitting CFO of the consumer and commercial products company, would transition into the role of company president. Newly hired CFO Mark Erceg would report to Peterson as they restructured the company.
In hindsight, the transition seemed obvious; just last month, the company announced that its current CEO, Ravi Saligram, would retire in May. Peterson would take on the chief executive role, while maintaining his current role, immediately following.
Newell Brands created an upward path for Peterson, expanding his role last May to make him both finance chief and president of business operations.
The company’s outlook is looking up as the stock rallied last week after the new CFO, Erceg, bought nearly 77,000 shares in the company, Seeking Alpha reported. We’ll keep an eye on Peterson’s stock moves as he transitions into the helm.
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