Newell Brands CEO to retire, stock gains

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Newell Brands CEO to retire, stock gains
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Newell Brands Inc. Chief Executive Michael Polk will retire from the company at the end of the second quarter, the company announced Thursday afternoon....

Newell Brands Inc. NWL, -0.13% Chief Executive Michael Polk will retire from the company at the end of the second quarter, the company announced Thursday afternoon. Newell said it has retained executive search firm Heidrick & Struggles to help in finding the next CEO. "I am proud of the progress we have made since 2011 transforming the portfolio and building a set of competitively advantaged capabilities in innovation, design and eCommerce," Polk said in a statement.

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