ATLANTA
,
June 6, 2023
(press release)
–
“Our presentation highlighted a pivot in our front-end strategy and outlined the focused and deliberate choices we are making to strengthen the company’s consumer-facing capabilities while distorting investment to our most attractive value pools. We will leverage and further build upon the strengthened operational foundation we’ve established while harnessing the scale of our portfolio to drive competitive advantage,” said
“I am confident that our clear strategic choices, paired with our experienced leadership team and talented employees, will enable the company to accelerate financial performance going forward. We see significant runway for value creation by unlocking the power of our brands, scale and operational discipline to drive sales growth, margin expansion and cash flow generation as we transition to a high-performance organization,” said Peterson. As previously communicated, over the past several months, the leadership team has undertaken a refresh of the corporate strategy, which encompassed a comprehensive assessment of where
During today’s presentation, the company defined core capabilities that were assessed over the past several months, which informed the integrated set of where to play and how to win choices it will pursue going forward. The company also outlined the major changes the leadership team is executing, including: An archived webcast of the presentation may be accessed by selecting Events & Presentations from the Investors tab of the
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Caution Concerning Forward-Looking Statements Some of the statements in this press release, particularly those relating to future improvement opportunities, financial performance, and value creation, are forward-looking statements within the meaning of the
View source version on businesswire.com: https://www.businesswire.com/news/home/20230606005354/en/ Investors: Media: Source:
VP, Investor Relations
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sofya.tsinis@newellco.com
Chief Communications Officer
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beth.stellato@newellco.com
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