Newell Brands taps new CFO

Hoboken-based Newell Brands named Chris Peterson executive vice president and chief financial officer, effective Dec. 3.Hoboken-based Newell Brands named Chris Peterson executive vice president and chief financial officer, effective Dec. 3.

Peterson’s 25 year industry tenure spans executive roles at Procter & Gamble and Ralph Lauren. He resigned from his most recent role as COO of Revlon Inc. in July.

Peterson will be responsible for Newell Brand’s business planning and analysis, operating division finance, accounting, SEC reporting, internal audit, tax, treasury, cyber security, information management and global business services.

His appointment comes during Newell’s accelerated transformation plan, a series of initiatives started in Jan. 2018 to improve operational performance and enhance shareholder value.

 “[Peterson’s] extensive experience in financial operations and as a public company CFO, coupled with his background in large-scale transformations, will strengthen our team as we drive Newell Brands’ Accelerated Transformation Plan to completion,” said CEO Michael Polk in a prepared statement.

Peterson takes the place of current COO Ralph Nicoletti, who announced plans to retire at year’s end earlier in 2018. Peterson will report directly to Polk.