Peterson is replacing Michael Polk, who is retiring.
“Chris has earned the respect of our board, executive team and employees since joining the company last year, and has the board’s full confidence as he takes on the role of interim CEO,” said Chairman of the Board Patrick Campbell in a statement. “The search for a permanent CEO is proceeding well and the board expects to be in a position to announce an external hire as the permanent CEO in the upcoming weeks. We are confident that Newell Brands is taking the right steps to execute its transformation, drive growth and increase shareholder value as a leading consumer products company.”
Previous to joining Newell, Peterson was chief operating officer at Revlon Inc., leading the brand’s global supply chain, finance, and IT functions. He also spent time as an executive at Ralph Lauren and Proctor & Gamble.
Peterson will continue his current role, which he’s held since December 2018.