16.07.2009 12:00:00
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Newell Rubbermaid Announces Appointment of Magnus Nicolin As APAC President
Newell Rubbermaid Inc. (NYSE: NWL) today announced the appointment of Magnus Nicolin as President of Asia Pacific (APAC), a newly created position. Nicolin, 52 years old, joined Newell Rubbermaid in May 2006 and will retain his current responsibilities as President of the company’s Europe, Middle East and Africa (EMEA) Region.
"The APAC region represents one of the strongest growth opportunities for our company at this time,” said Mark Ketchum, Newell Rubbermaid’s President and Chief Executive Officer. "With this appointment we will bring greater attention to fulfilling this opportunity.”
With over 3,700 employees and approximately $350 million in net sales in the region, Newell Rubbermaid has established its APAC commercial headquarters in Hong Kong and its sourcing headquarters in Shanghai. Throughout the region, the company markets many of its global brands including Rubbermaid®, Sharpie®, Graco®, Aprica®, Technical Concepts™, Irwin®, Lenox®, Paper Mate®, Dymo®, Waterman®, Parker®, Calphalon® and Goody®.
About Newell Rubbermaid
Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with sales of approximately $6 billion and a strong portfolio of brands, including Rubbermaid®, Sharpie®, Graco®, Calphalon®, Irwin®, Lenox®, Levolor®, Paper Mate®, Dymo®, Waterman®, Parker®, Goody®, Technical ConceptsTM and Aprica®.
This press release and additional information about Newell Rubbermaid are available on the company’s Web site, www.newellrubbermaid.com.
NWL-EX
Caution Concerning Forward-Looking Statements
Statements in this press release that are not historical in nature constitute forward-looking statements. These forward-looking statements relate to information or assumptions about the effects of sales, income/(loss), earnings per share, operating income or gross margin improvements or declines, Project Acceleration, capital and other expenditures, cash flow, dividends, restructuring costs, costs and cost savings, inflation, particularly with respect to commodities such as oil and resin, debt ratings, and management's plans, projections and objectives for future operations and performance. These statements are accompanied by words such as "anticipate," "expect," "project," "will," "believe," "estimate" and similar expressions. Actual results could differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from those suggested by the forward-looking statements include, but are not limited to, our dependence on the strength of retail economies in light of the global economic slowdown; currency fluctuations; competition with other manufacturers and distributors of consumer products; major retailers' strong bargaining power; changes in the prices of raw materials and sourced products and our ability to obtain raw materials and sourced products in a timely manner from suppliers; our ability to develop innovative new products and to develop, maintain and strengthen our end-user brands; our ability to expeditiously close facilities and move operations while managing foreign regulations and other impediments; our ability to implement successfully information technology solutions throughout our organization; our ability to improve productivity and streamline operations; our ability to refinance short term debt on terms acceptable to us, particularly given the recent turmoil and uncertainty in the global credit markets; changes to our credit ratings; significant increases in the funding obligations related to our pension plans due to declining asset values or otherwise; the imposition of tax liabilities greater than our provisions for such matters; the risks inherent in our foreign operations and those factors listed in the company’s most recent quarterly report on Form 10-Q, and exhibit 99.1 thereto, filed with the Securities and Exchange Commission. Changes in such assumptions or factors could produce significantly different results. The information contained in this news release is as of the date indicated. The company assumes no obligation to update any forward-looking statements contained in this news release as a result of new information or future events or developments.
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