Newell Rubbermaid's EVP and CFO Doug Martin has put in his notice and is moving on to life with a new -- and undisclosed -- company.
"On behalf of the board of directors and the entire company, I want to thank Doug for his invaluable contributions and leadership over 27 years of service with Newell Rubbermaid," said president and CEO Michael Polk. "During the last two years as CFO, Doug has been instrumental in driving the Growth Game Plan into action. I know Doug and his family are excited by returning home to their extended family in the Midwest and I wish him continued success in his future endeavors."
Martin will officially resign from his role Aug. 31, 2014. Newell Rubbermaid's Spencer Stuart will choose his successor, for which a search is currently underway. EVP, general counsel, corporate secretary and EMEA leader John Stipancich has been named the interim CFO.
Stipancich has been with Newell Rubbermaid for 10 years and currently maintains responsibility for the company's operations in Europe, the Middle East and Africa, as well as its global legal functions.