Newell Rubbermaid Names Mr. Joseph Galli, Jr. Chief Executive Officer

Former Black & Decker Executive Brings Extensive Consumer Products

and Internet Experience

Jan 08, 2001, 00:00 ET from Newell Rubbermaid Inc.

    FREEPORT, Ill., Jan. 8 /PRNewswire/ -- Newell Rubbermaid Inc.
 (NYSE, CHX: NWL) today announced the appointment of Joseph Galli as President
 and Chief Executive Officer succeeding William P. Sovey.  Mr. Galli will also
 serve as a member of the Company's Board of Directors.  Mr. Sovey will
 reassume his position as Chairman of the Board.  Daniel C. Ferguson will
 remain a Director of the Company.
     As President and CEO of Newell Rubbermaid, Galli will oversee worldwide
 operations for the projected $7 billion consumer products industry leader.  In
 addition, he will be responsible for increasing organic growth through new
 product development and brand management initiatives.  He will also lead
 global expansion efforts in Europe, Asia and Latin America.
     "We were looking for an experienced executive capable of growing a large
 multinational company who also had considerable experience in the consumer
 products industry and would be an excellent fit in the Newell Rubbermaid
 organization," said Chairman William P. Sovey.  "We believe that Joe brings
 this blend of talent and experience and that under his leadership the Company
 will return to consistent high levels of financial performance."
     In the Company's internal communication to its 48,000 employees worldwide,
 Sovey reiterated that Galli's extensive industry experience and brand
 expertise will be a catalyst for growth using the Company's global platform.
     Mr. Galli, age 42, a highly accomplished executive renowned for his
 ability to manage product development and brands as well as drive
 international expansion, brings an impressive breadth of both Fortune 1000 and
 "Internet economy" leadership experience to Newell Rubbermaid.  As President
 and CEO of VerticalNet, Inc., a leading e-commerce business enabler, Galli was
 responsible for creating the growth strategy that placed the Company on track
 to reach its profitability goals.
     Prior to joining VerticalNet, Galli was Chief Operating Officer at, reporting to CEO Jeff Bezos.  During his tenure at, Galli recruited an outstanding management team, developed a global
 business strategy and put the Company on a path to operational excellence.
     Previous to, Galli had a highly successful 19-year career with
 Black & Decker.  Galli moved up through the sales and marketing system at
 Black & Decker and became President of Black & Decker North America Power
 Tools Group at age 35.  In 1995, he became President of Black & Decker
 Worldwide Power Tools Business.  Galli is credited with developing and
 launching the DeWalt brand of industrial power tools.  Additionally, Galli is
 credited with re-engineering Black & Decker's European, Asian and Latin
 American operations.  At Black & Decker, Galli was recognized as a
 motivational leader who built a highly energized sales and marketing machine
 renowned throughout the industry.
     "I have long admired Newell Rubbermaid as an outstanding company," said
 Galli.  "The opportunity to further expand Newell Rubbermaid's international
 growth and leading market position is very exciting for me.  Newell Rubbermaid
 is in an excellent position to deliver compelling new products, serve high
 potential international markets and further build outstanding shareholder
 value in the coming years.  And, I especially look forward to returning to my
 roots in the consumer products industry."
     Based in Freeport, Illinois, Newell Rubbermaid Inc. is a multi-national
 manufacturer and marketer of high-volume, long life cycle, branded, consumer
 products sold to volume purchasers for everyday use in the home or office,
 with 1999 sales of $6.4 billion.  Newell Rubbermaid products are sold through
 a variety of retail and wholesale distribution channels in the following
 business segments: Storage, Organization & Cleaning, including Rubbermaid(R)
 and Curver(R) home products, Goody(R) hair accessories and Rubbermaid
 Commercial Products(TM); Food Preparation, Cooking & Serving, including
 Mirro(R) and Calphalon(R) cookware, Anchor Hocking(R) and Pyrex(R) (Europe)
 glassware; Infant/Juvenile Care & Play, including Little Tikes(R), Graco(R)
 and Century(R); Home Decor, including Levolor(R), Kirsch(R), Newell(R) and
 Gardinia(R) Window Furnishings and Intercraft(R), Burnes(R), Panodia(R),
 Albadecor(R), and Holson(R) picture frames and photo albums; Hardware & Tools,
 including Amerock(R), EZ Paintr(R), BernzOmatic(R), and Lee Rowan(R); and
 Office Products, including Sanford(R), Berol(R), Sharpie(R), Rotring(R),
 Reynolds(R), Paper Mate(R), Parker(R), and Waterman(R) markers and writing
 instruments, Rolodex(R) and Eldon(R) office storage and organization products
 and Liquid Paper(R) correction fluids.
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