Spectrum Brands Names New CEO, Plans Return to Wisconsin
Spectrum Brands Inc., which provides pet products under its United Pet Group division, has a new chief executive officer and plans to move its headquarters from Atlanta, Ga., back to Madison, Wis.
The company named David Lumley as chief executive officer, effective immediately. Lumley succeeds Kent Hussey, who is retiring from the position.
Lumley most recently served as president of Spectrum’s global batteries and personal care division and home and garden division as well as co-chief operating officer. He is expected to maintain management of those divisions.
Hussey will continue to serve as chairman of the board of directors through the close of Spectrum’s merger deal with Russell Hobbs Inc., a manufacturer of small home appliances and the LitterMaid brand of pet products. The board of directors has amended its bylaws to create an eighth seat on the board and has named Lumley to fill the newly-created vacancy.
The proposed merger deal with Russell Hobbs, announced in February, is expected to result in a new $3 billion consumer products company. The transaction is slated to close this summer. Hussey has signed a three-year consulting agreement to assist with the ongoing transition and implementation of the merger, according to the company.
Hussey has been with Spectrum Brands for nearly 14 years and was named CEO in May 2007. He is credited with reorganizing the business units into three autonomous operating segments—global batteries and personal care; global pet supplies and home and garden — and leading Spectrum through a financial restructuring that helped improve the company’s financial position for the future.
“While it is difficult to leave such a tremendous company with a team of incredibly dedicated, hard-working and creative people, I am pleased with all that we have accomplished,” Hussey said in a statement. “I’m confident that I’m leaving the company in good hands and at the right time as the company is moving into its next phase. Dave, who has extensive experience, is well-positioned to lead the teams as the company expands into a $3 billion global consumer products company.”
Going forward, the company’s executive committee will be comprised of Lumley; Tony Genito, chief financial officer; John Heil, president of the global pet supplies business unit; and John Wilson, senior vice president, secretary and general counsel.
In the midst of the changes, Spectrum, which used to be called Rayovac, plans to transition its corporate headquarters back to Madison. The company moved from Madison to Atlanta in 2004 after turning Rayovac Corp. into a consumer products company. <HOME>
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