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Newell president resigns, CEO to assume role

Newell Brands Inc. President Mark Tarchetti informed the company that he will resign from his role, effective May 25, the U.S. housewares company said in a May 17 SEC filing.

CEO Michael Polk was appointed president, effective May 25, and will assume the role in addition to his roles as CEO and director of the company.

In the same filing, the company said it appointed Robert Steele to its board of directors. Steele was one of the neutral members, along with Gerardo Lopez, appointed by the company as part of its agreement to end a proxy fight with activist investor Starboard Value LP.

Steele worked for Procter & Gamble Co. for 35 years and held the positions of vice chairman of global health and well-being, group president of global household care and group president of North American operations during that time.

Newell appointed PricewaterhouseCoopers LLP as its independent registered public accounting firm for 2018.