Newell Brands announced the appointment of Chris Peterson, currently President, to serve as President and Chief Executive Officer, effective upon the conclusion of the company's 2023 Annual Meeting of Stockholders on May 16th, 2023. . Ravi Saligram will retire as Chief Executive Officer effective May 16th, 2023.

Mr. Peterson, age 56, joined Newell Brands in December 2018 and has been a member of the company's leadership team since that time. He served as the Chief Financial Officer of the company from December 2018 through January 2022 and has served as President since May 2022. He also served as President, Business Operations between February 2020 and May 2022 and as Interim Chief Executive Officer from June 28, 2019 until October 2, 2019.

Prior to joining Newell Brands, Mr. Peterson held key senior executive roles at Revlon Inc., Ralph Lauren and Procter & Gamble. Effective immediately, all Segment CEO's and commercial functional leaders, except for Chief Legal & Administrative Officer, Brad Turner, and Chief Human Resources Officer, Steve Parsons, will report to Chris Peterson. Upon Mr. Saligram's retirement, Mr. Turner and Mr. Parsons will also report to Mr. Peterson.