Spectrum Brands names new CEO

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MIDDLETON, Wis. — Andreas Rouvé has been elected chief executive officer of Spectrum Brands Holdings Inc., succeeding Dave Lumley, who plans to retire from the company.

Spectrum Brands said Monday that Rouvé, 53, is slated to take the CEO reins effective April 1. He has served as the consumer products company’s chief operating officer since February 2014.

“I am honored to be able to lead our company forward and continue to execute on our strategic plans for future growth and value creation,” Rouvé stated. “We thank Dave Lumley for his dynamic leadership and countless and lasting contributions as our CEO during a period of record growth and profitability for Spectrum Brands. Our company has a bright future, a deep and experienced global leadership team, and many opportunities to further increase our adjusted EBITDA and sustainable free cash flow as we build an even stronger Spectrum Brands.”

Before becoming COO, Rouvé served as president of international since January 2013. Prior to that he had been senior vice president and managing director of Spectrum Brands’ European battery and personal care business since 2007 and subsequently led the integration of the home appliances and pet supplies European businesses in 2010-11. He joined Spectrum Brands in 2002 as chief financial officer of the European battery division.

“Andreas is an impressive business leader and has been a tremendous contributor to our growth and success through the years,” commented David Maura, chairman of Spectrum Brands. “Andreas is well-suited to lead our company to the next level as we follow the same vision, strategy and direction that have served us so well to date. I look forward to working closely with Andreas, who embodies our low-cost and high-performance operating style and our culture of ownership and accountability.”

The 60-year-old Lumley, who had served as CEO since April 2010, recently announced plans to retire from the company. He will remain a member of the board of directors.

“Andreas has provided outstanding operating and financial leadership as COO and previously in key international and European executive roles over the years,” stated Lumley. “I have known and worked closely with Andreas for nearly a decade and can attest to his deep knowledge and experience with Spectrum Brands’ businesses. This will serve our shareholders, employees, customers and key partners well given our company’s increasing size, complexity and global reach.”

The company’s products span such categories as consumer batteries, residential locksets, residential builders’ hardware, faucets, shaving and grooming products, personal care products, small appliances, pet care, lawn and garden, home pest control and insect repellents. Its brands include Rayovac, VARTA, Kwikset, Weiser, Baldwin, National Hardware, Pfister, Remington, George Foreman, Black + Decker, Farberware, Tetra, Marineland, Nature’s Miracle, Dingo, 8-in-1, FURminator, IAMS, Eukanuba, Digest-eeze, Healthy-Hide, Littermaid, Spectracide, Cutter, Repel, Hot Shot, Black Flag and Liquid Fence.



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