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Newell Brands appoints 2 new directors

U.S. retailer Newell Brands Inc. on Feb. 22 announced the appointment of James Craigie and Debra Crew as independent directors of the company, effective immediately.

The maker of Sharpie pens and Rubbermaid products also expects to appoint Judith Sprieser to the board at its 2018 annual stockholders meeting.

Craigie is a non-executive chairman and CEO of New Jersey-based household products producer Church & Dwight Co. Inc. He also held senior management roles at Kraft Foods before it became The Kraft Heinz Co..

Crew was CEO of Reynolds American Inc. and led different divisions of PepsiCo Inc. Meanwhile, Sprieser is the founder and former CEO of Transora Inc., a business-to-business marketplace for consumer packaged goods.

Newell said the appointments will place five current and former CEOs on the company's board.

The changes come weeks after activist investor Starboard Value LP, which owns less than a 5% stake in Newell, said it is looking to launch a proxy fight to oust the board and CEO of the company. Starboard on Feb. 12 nominated three former executives of Jarden Corp., the consumer goods company that Newell acquired in 2016, to Newell's board of directors.