Spectrum Brands Holdings, Inc. (NYSE: SPB), a global consumer products
company with market-leading brands, announced today that Douglas L.
Martin, 51, will join the Company on September 1 as Executive Vice
President and Chief Financial Officer, reporting to Dave Lumley,
President and Chief Executive Officer. Mr. Martin replaces Tony Genito,
58, who announced plans in April to leave Spectrum Brands by the end of
2014 to return with his family to the Southeast.
Mr. Martin comes to Spectrum Brands from Newell Rubbermaid (NYSE: NWL),
where he had been Executive Vice President and Chief Financial Officer
since 2012 as part of a 27-year career with the company. Prior to
serving as CFO, Mr. Martin held a number of key financial leadership
positions, including Deputy Chief Financial Officer, Vice President of
Finance – Consumer Group, Vice President of Finance – Office Products
Group, Vice President and Treasurer, and Vice President, Tax.
“We’re pleased to welcome Doug to Spectrum Brands at this exciting time
in the execution of our global growth strategies,” said Mr. Lumley.
“Doug shares our operating philosophy and culture, including the
Spectrum Value Model and pay for performance, and understands the
importance of cost improvement and shared services. He has a deep
consumer products industry knowledge, including experience with many of
the same retail customers and channels. Doug was born and raised in the
Midwest and was originally with the former Newell company then based in
Northern Illinois.”
“I look forward to helping Spectrum Brands continue to grow and prosper
in this globally changing, branded consumer goods environment,” said Mr.
Martin. “I’m impressed with the Company’s long-term prospects and
strategies, its senior management team, and its solid balance sheet and
strong and growing free cash flow. On a personal note, my family and I
are also excited about returning to our deep roots in the Midwest.”
“I am thrilled to have Doug join the management team at Spectrum
Brands,” said David Maura, Chairman of Spectrum Brands. “Doug is a high
integrity person who shares my passion for taking Spectrum Brands to the
next level. He believes in our ownership/accountability culture and
grasps our performance-driven organization. Spectrum Brands’ best days
are in front of us, and I look forward to Doug’s contributions to the
Company’s bright future.”
A Certified Public Accountant, Mr. Martin began his career with KPMG
LLP. He is a graduate of Rockford College in Illinois with a bachelor’s
degree in accounting.
About Spectrum Brands Holdings, Inc.
Spectrum Brands Holdings, a member of the Russell 2000 Index, is a
global and diversified consumer products company and a leading supplier
of consumer batteries, residential locksets, residential builders’
hardware, faucets, shaving and grooming products, personal care
products, small household appliances, specialty pet supplies, lawn and
garden and home pest control products, and personal insect and animal
repellents. Helping to meet the needs of consumers worldwide, our
Company offers a broad portfolio of market-leading, well-known and
widely trusted brands including Rayovac®, Varta®, Kwikset®, Weiser®,
Baldwin®, National Hardware®, Pfister®, Remington®, George Foreman®,
Black & Decker®, Toastmaster®, Farberware®, Tetra®, Marineland®,
Nature’s Miracle®, Dingo®, 8-in-1®, FURminator®, Littermaid®,
Spectracide®, Cutter®, Repel®, Hot Shot®, Black Flag® and Liquid Fence®.
Spectrum Brands' products are sold by the world's top 25 retailers and
are available in more than one million stores in approximately 140
countries. Spectrum Brands Holdings generated net sales of approximately
$4.1 billion in fiscal 2013. For more information, visit www.spectrumbrands.com.
Copyright Business Wire 2014