Consumer goods maker Newell Rubbermaid has promoted company veteran Doug Martin to chief financial officer (CFO), succeeding Juan Figuereo.
Martin is a 25-year veteran of the company and most recently served as deputy CFO. He is credited for streamlining the company’s cost structure.
Before being promoted to deputy CFO, he had held several other positions at Newell. They included financial responsibility for Newell Consumer, the company’s largest operating group. In a different role, he helped steer a turnaround of Newell’s office products business.
Newell Rubbermaid added that Figuereo, who joined in 2009, will remain with the company for the next few months to help with the transition.
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