Galli departs Newell



Newell Rubbermaid has announced that Joseph Galli has resigned from his position of CEO and director by mutual agreement with the company’s board.
Mark Ketchum, a member of the board of directors and the audit committee, will serve as interim CEO while the company looks for a permanent successor.
Newell posted a Q3 profit as the company cut costs. Net income was $71.5 million, compared to a loss of $226.4 million the year before. Revenue fell 1 per cent to $1.6 billion.