Newell Brands' chief commercial officer to leave company
Newell Brands Inc. said Monday Chief Commercial Officer Joseph Arcuri will leave the company effective Aug. 31. Under the separation agreement, Arcuri will receive a $625,000 severance payment, and a pro-rated cash bonus payable at the same time bonuses are paid to active employees. Arcuri joined Newell in December 2014 at global president of the home solutions business. Prior to that, he had spent 28 years at Procter & Gamble Co. . Newell's stock was still inactive in premarket trade. It closed Friday an 18-year high, after the consumer products company reported better-than-expected second-quarter results. It has run up 19% year to date, while the S&P 500 has gained 6.3%.
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