Graco 2010 Annual Report Download

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WOW
2010 ANNUAL REPORT
W

Table of contents

  • Page 1
    WOW 2 010 A N N UA L R E PO RT

  • Page 2
    ... TRACKS High-traffic locations like hospitals and restaurants can be breeding grounds for germs. The battle against infection begins with deep cleaning. The new Rubbermaid® HYGENâ„¢ Clean Water System is a revolutionary ï¬,oor cleaning system with the industry's first integrated water filter...

  • Page 3
    ... we want to hear. When a consumer says "WOW" in response to one of our products, it reaffirms that Newell Rubbermaid is fulfilling its potential as a best-in-class, brandbuilding company that is focused on creating value for our shareholders. Today, we're driving growth in more ways than ever. >

  • Page 4
    SO MANY REASONS TO SAY WOW A BETTER WAY TO BROWN BAG For busy moms, getting lunch ready just got quicker and easier. Featuring lids that snap to the bottom of the container, the Rubbermaid® Easy Find Lids™ food storage system ensures that the right lid is always at your fingertips. With Expo ...

  • Page 5
    ...collection, helps women get the hottest hair looks in a flash. It does the work of 20 bobby pins, at home, in a fraction of the time. That's why it's the number-one selling hair accessory in the U.S., helping to propel Goody's core sales growth to more than 10 percent in 2010. A BETTER WAY TO CLEAN...

  • Page 6
    ... at our "shop-in-shops," spotlights the classic style and unmatched functionality of this 120-year-old brand. These improvements helped drive a high single-digit percent increase in Parker sales in 2010, with especially robust growth in Russia and China. 2 NEWELL RUBBERMAID 2010 Annual Report

  • Page 7
    ... GOOD IDEA Youth Chair HighChair Nobody understands the needs of young families better than Graco. Our consumer research revealed a common frustration for parents: having to buy a new product at each stage of a child's development. Enter the Graco® Blossom™ "Grow With Me" 4-in-1 Seating System...

  • Page 8
    ...play in protecting children in case of motor vehicle collisions. Now government leaders are responding. In Brazil, recently enacted mandatory car seat legislation has fueled new demand for Graco® safety solutions that keep children safe, snug and comfortable. 4 NEWELL RUBBERMAID 2010 Annual Report

  • Page 9
    ... NEWELLRUBBERMAID RUBBERMAID 2010 2010 Annual Annual Report Report 5 5 NEWELL LENOX Q88 IN CHINA ® What's the best way to sell potential customers on the benefits of breakthrough industrial technology? Put it in their hands and let it go to work. That's how Lenox has generated rapid sales growth...

  • Page 10
    ... the "Best in Tech 2010" award for interactive whiteboard products. The success of our teaching technologies helped Dymo | Mimio achieve more than 40 percent core sales growth in 2010. The future of teaching has arrived, and Dymo | Mimio is leading the way. 6 NEWELL RUBBERMAID 2010 Annual Report

  • Page 11
    Dear Fellow Shareholders: Sometimes it can seem like magic - that "WOW" moment when a consumer discovers a product that meets his or her needs in a newer, fresher and more rewarding way. MARK KETCHUM President and Chief Executive Officer > NEWELL RUBBERMAID 2010 Annual Report 7

  • Page 12
    ... faster-growing product categories. Our business model is more consumercentric, innovation-driven and structured to generate the gross margins necessary to invest in building brands. And we've restructured our supply chain and leveraged the scale benefits of one Newell Rubbermaid to drive best cost...

  • Page 13
    ... guide how we reach, inform and persuade those considering a purchase. For example, we know that expectant mothers get most of their information from the Internet or from other moms. That's why Graco, one MARK D. KETCHUM President and Chief Executive Officer NEWELL RUBBERMAID 2010 Annual Report 9

  • Page 14
    ... & Baby Awards 2010. GOODY WINS WITH STYLISH INNOVATIONS Start with one of the leading brands in the North American styling tools and hair accessories market. Add innovations such as the new Goody® Simple Styles™ line of hair accessories, which make it easy $2.38 billion in sales 10 NEWELL...

  • Page 15
    ..., Graco learned that parents are looking for baby care products that offer multiple configurations and the ï¬,exibility to adapt as their child grows. The "Grow With Me" platform, featuring the Graco® Blossomâ„¢ 4-in-1 high chair and the Graco® Nautilusâ„¢ 3-in-1 car seat, that can support...

  • Page 16
    ... its sales outside North America, Office Products is Newell Rubbermaid's most global segment. It's anchored by four great brands: Paper Mate®, Sharpie®, Dymo® and Parker®. With these brands, Newell Rubbermaid's Office Products business units generally hold the number-one or number-two share in...

  • Page 17
    ... on packaging. retail shops in fine department stores across China, Russia The number-one provider of online shipping postage in the U.S., Dymo | Endicia offers businesses useful features designed to save money and improve customer service. NEWELL RUBBERMAID 2010 Annual Report 13 > > >

  • Page 18
    ...in-use than competitive systems. Our new Microburst® Duet is the first commercial dual fragrance system. It features longer-lasting refills that offer three times the fragrance and odor neutralizer of ordinary refills. $1.67 billion in sales 14 NEWELL RUBBERMAID 2010 Annual Report MAJOR BRANDS

  • Page 19
    ... makes our products ideal for point-ofcare applications. Rubbermaid Medical Solutions doubled its sales in 2010 and is poised to capture significant market share in this rapidly growing market. ® pliers with Irwin's first North American TV campaign. The ad campaign helped drive triple-digit...

  • Page 20
    ... Acceleration: Completed in 2010, this global, multi-year restructuring program was designed to consolidate and streamline our manufacturing and supply chain operations to achieve greater efficiency and best cost. Project Acceleration helped enable 700 basis points of gross margin expansion over...

  • Page 21
    ... (Loss) Notes to Consolidated Financial Statements Common Stock Price Performance Graph Market for Common Equity and Related Stockholder Matters Reconciliation of Non-GAAP Financial Measures Executive Officers Forward-Looking Statements Corporate Information > NEWELL RUBBERMAID 2010 Annual Report...

  • Page 22
    > Newell Rubbermaid Inc. 2010 Annual Report SELECTED FINANCIAL DATA The following is a summary of certain consolidated financial information relating to the Company as of and for the year ended December 31, (in millions, except per share data). The summary has been derived in part from, and should ...

  • Page 23
    > Newell Rubbermaid Inc. 2010 Annual Report ACQUISITIONS OF BUSINESSES Information regarding significant businesses acquired in 2007 and 2008 is included in Footnote 2 of the Notes to Consolidated Financial Statements. No significant acquisitions occurred during 2006, 2009 or 2010. QUARTERLY ...

  • Page 24
    ... Accessories Tools, Hardware Industrial Products & Commercial & Services Products Rubbermaid Commercial Products Construction Tools & Accessories Hardware Rubbermaid® Commercial Products, Technical Concepts™ Irwin® Shur-line®, Bulldog®, BernzOmatic® 20 NEWELL RUBBERMAID 2010 Annual Report

  • Page 25
    > Newell Rubbermaid Inc. 2010 Annual Report Market and Performance Overview The Company operates in the consumer and commercial products markets, which are generally impacted by overall economic conditions in the regions in which the Company operates. The Company's results in 2010 improved compared...

  • Page 26
    ...the sharing of knowledge and better leverage best practices. The Company is also migrating multiple legacy systems and users to a common SAP global information platform in a phased, multi-year rollout. SAP is expected to enable the Company to integrate and manage its worldwide business and reporting...

  • Page 27
    ... the Company's operations. The following table sets forth items from the Consolidated Statements of Operations as reported and as a percentage of net sales for the year ended December 31, (in millions, except percentages): 2010 Net sales Cost of products sold Gross margin Selling, general and...

  • Page 28
    ... demand as well as inventory destocking at the retail level and in the commercial and industrial channels. Geographically, core sales of the Company's North American and international businesses declined approximately 6% and 11%, respectively, versus the prior year. Planned product line exits and...

  • Page 29
    ... Financial Statements for further information. BUSINESS SEGMENT OPERATING RESULTS 2010 vs. 2009 Business Segment Operating Results Net sales by segment were as follows for the year ended December 31, (in millions, except percentages): 2010 Home & Family Office Products Tools, Hardware & Commercial...

  • Page 30
    ... the baby category worldwide. Net sales declined 8.1% due to product line exits and rationalizations in the Rubbermaid Consumer GBU and 1.3% due to unfavorable foreign currency impacts. The Aprica acquisition increased sales 1.0% compared to the prior year. 26 NEWELL RUBBERMAID 2010 Annual Report

  • Page 31
    ... levels by the Company's customers and lower sales resulting from weak demand. In constant currency, SG&A expenses as a percentage of net sales in 2009 were comparable to 2008. LIQUIDITY AND CAPITAL RESOURCES Cash Flows Cash and cash equivalents increased (decreased) as follows for the year ended...

  • Page 32
    ... of commercial paper. The Company did not invest in significant acquisitions in 2010 and 2009. Cash used for acquisitions was $655.7 million in 2008, which relates primarily to the acquisitions of Technical Concepts and Aprica. See Footnote 2 of the Notes to Consolidated Financial Statements for...

  • Page 33
    ... in 2010, 2009 and 2008, respectively, which primarily relates to employee termination benefits and relocation costs. Financial Position The Company is committed to maintaining a strong financial position through maintaining sufficient levels of available liquidity, managing working capital and...

  • Page 34
    > Newell Rubbermaid Inc. 2010 Annual Report Debt The Company has varying needs for short-term working capital financing as a result of the seasonal nature of its business. The volume and timing of production impacts the Company's cash flows and has historically involved increased production in the ...

  • Page 35
    ... agencies are not recommendations to buy, sell or hold the Company's securities, and each rating should be evaluated independently of any other rating. Refer to Item 1A. Risk Factors in the Company's annual report on Form 10-K for the year ended December 31, 2010 for a more detailed discussion of...

  • Page 36
    ...'s inability to meet its financial obligations, such as in the case of bankruptcy filings or deterioration in the customer's operating results or financial position, the Company records a specific reserve for bad debt to reduce the related receivable to 32 NEWELL RUBBERMAID 2010 Annual Report

  • Page 37
    ... Rubbermaid Commercial Products; Industrial Products & Services; Markers, Highlighters, Art & Office Organization; and Technology. The Company conducts its annual test of impairment of goodwill as of the first day of the third quarter because it generally coincides with its annual strategic planning...

  • Page 38
    ...Inc. 2010 Annual Report value a reporting unit using the discounted cash flow approach are the future financial performance and cash flows of the reporting unit, the discount rate and the working capital investment required. Estimates of future financial performance include estimates of future sales...

  • Page 39
    ... examinations and related tax positions require significant judgment and can increase or decrease the Company's effective tax rate as well as impact operating results. See Footnote 16 of the Notes to Consolidated Financial Statements for further information. NEWELL RUBBERMAID 2010 Annual Report 35

  • Page 40
    ... Financial Statements for additional information on the assumptions used. The following tables summarize the Company's pension and other postretirement plan assets and obligations included in the Consolidated Balance Sheet as of December 31, 2010 (in millions): U.S. International Pension plan...

  • Page 41
    ... the year ended December 31, 2010, compared to using the parallel rate for the same period. The transition to the SITME rate did result in a one-time foreign exchange gain of $5.6 million, which is recognized in other income for the year ended December 31, 2010. NEWELL RUBBERMAID 2010 Annual Report...

  • Page 42
    ... respectively, for the year ended December 31, 2010 compared to the year ended December 31, 2009 due solely to the change in exchange rates used to translate the results of the Company's Venezuelan operations. The change in the rate does not impact reported changes in core sales, which exclude the...

  • Page 43
    .... Gains and losses related to qualifying forward exchange contracts and cross-currency hedges, which are generally used to hedge intercompany loans and net investments in foreign subsidiaries, are recognized in other comprehensive income (loss). Commodity Prices The Company purchases certain raw...

  • Page 44
    ... and for the year ended December 31, (in millions, except percentages): 2010 Average $ 9.8 $12.2 December 31, 2010 $11.5 $11.2 2009 Average $ 12.2 $ 12.8 December 31, 2009 $ 9.6 $ 12.3 Confidence Level 95% 95% Market Risk(1) Interest rates Foreign exchange (1) The Company generally does not enter...

  • Page 45
    ... of the Company's internal control over financial reporting as of December 31, 2010. In making its assessment, the Company's management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control-Integrated Framework. Based...

  • Page 46
    ... standards of the Public Company Accounting Oversight Board (United States), Newell Rubbermaid Inc.'s internal control over financial reporting as of December 31, 2010, based on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the...

  • Page 47
    ... of the Public Company Accounting Oversight Board (United States), the consolidated balance sheets of Newell Rubbermaid Inc. and subsidiaries as of December 31, 2010 and 2009, and the related consolidated statements of operations, stockholders' equity and comprehensive income (loss), and cash...

  • Page 48
    > Newell Rubbermaid Inc. 2010 Annual Report CONSOLIDATED STATEMENTS OF OPERATIONS (Amounts in millions, except per share data) Year Ended December 31, Net sales Cost of products sold Gross margin Selling, general and administrative expenses Impairment charges Restructuring costs Operating income ...

  • Page 49
    > Newell Rubbermaid Inc. 2010 Annual Report CONSOLIDATED BALANCE SHEETS (Amounts in millions, except par values) December 31, Assets Current Assets: Cash and cash equivalents Accounts receivable, net of allowances of $43.0 for 2010 and $42.2 for 2009 Inventories, net Deferred income taxes Prepaid ...

  • Page 50
    ... consisted of cash as well as issuance of shares of the Company's common stock, which issuance is not included in the Consolidated Statement of Cash Flows for the year ended December 31, 2010. See Footnote 9 of the Notes to Consolidated Financial Statements for further information. See Notes to...

  • Page 51
    > Newell Rubbermaid Inc. 2010 Annual Report CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND COMPREHENSIVE INCOME (LOSS) (Amounts in millions) Additional Paid-In Capital Accumulated Stockholders' Other Equity Comprehensive Attributable Loss to Parent Total Stockholders' Equity Common Stock ...

  • Page 52
    ...and Technical Conceptsâ„¢. The Company's multi-product offering consists of well-known name-brand consumer and commercial products in three business segments: Home & Family; Office Products; and Tools, Hardware & Commercial Products. Principles of Consolidation The Consolidated Financial Statements...

  • Page 53
    ... using earnings multiples include the projected financial performance of the reporting unit and the applicable earnings multiple. Estimates critical to the Company's fair value estimates under the discounted cash flow model include the discount rate, projected average revenue growth, projected long...

  • Page 54
    ... the Consolidated Balance Sheets depending on the maturity of the Company's cross-currency interest rate swaps and forward contracts at December 31, 2010 and 2009. The earnings impact of cash flow hedges relating to forecasted purchases of inventory is generally reported in cost of products sold to...

  • Page 55
    ... and is recognized on a straight-line basis over the requisite service period of the award, which is generally three to five years for stock options and three years for restricted stock, restricted stock units and performance share awards. The Company estimates future forfeiture rates based on its...

  • Page 56
    ... closing. Technical Concepts provides touch-free and automated restroom hygiene systems in the away-from-home washroom category. The Technical Concepts acquisition gives the Company's Rubbermaid Commercial Products business an entry into the away-from-home washroom market and fits within the Company...

  • Page 57
    > Newell Rubbermaid Inc. 2010 Annual Report Aprica On April 1, 2008, the Company acquired substantially all of the assets of Aprica Childcare Institute Aprica Kassai, Inc. ("Aprica"), a maker of strollers, car seats and other children's products, headquartered in Osaka, Japan. The Company acquired ...

  • Page 58
    ...Europe, Middle East and Africa operating income (loss) for 2010 in Footnote 19 of the Notes to Consolidated Financial Statements. Restructuring charges incurred during 2010 were not material. The Company expects all restructuring and restructuring-related costs under the European Transformation Plan...

  • Page 59
    ... for the years ended December 31, aggregated by reportable business segment (in millions): Since Inception Through December 31, 2010 $144.8 186.9 88.4 78.3 $498.4 Segment Home & Family Office Products Tools, Hardware & Commercial Products Corporate 2010 $13.7 24.2 9.5 30.1 $77.5 2009 $ 24.0 34...

  • Page 60
    ... Foreign December 31, Currency 2009 and Other(1) Balance $ (3.3) 61.1 (2.4) $55.4 $ 648.7 1,149.5 956.1 $2,754.3 (1) Office Products includes $1.5 million and $10.0 million of contingent payments in 2010 and 2009, respectively, based on Endicia's revenues. 56 NEWELL RUBBERMAID 2010 Annual Report

  • Page 61
    ... workers' compensation, general and product liability and auto liability, and is estimated based upon historical loss experience combined with actuarial evaluation methods, review of significant individual files and the application of risk transfer programs. NEWELL RUBBERMAID 2010 Annual Report 57

  • Page 62
    ...and $26.1 million for the years ended December 31, 2010 and 2009, respectively, compared to the stated rates of the underlying medium-term notes. In connection with the Capital Structure Optimization Plan (the "Plan"), the Company completed the offering and sale of $550.0 million aggregate principal...

  • Page 63
    ... with the 2009 Tender Offers, the Company recorded a pretax loss of $4.7 million, which is included in losses related to extinguishments of debt in the Consolidated Statements of Operations for the year ended December 31, 2009. The $329.7 million paid to complete the 2009 Tender Offers is included...

  • Page 64
    ...87.2 million upon the settlement of the Exchange Offer, which is included in losses related to extinguishments of debt in the Consolidated Statements of Operations for the year ended December 31, 2010. Because the last reported sale price of the Company's common stock exceeded $11.19 for at least 20...

  • Page 65
    ... sold warrants permitting the purchasers to acquire up to 40.1 million shares of the Company's common stock at an exercise price of $11.59 per share, subject to adjustment in certain circumstances, in private transactions for total proceeds of $32.7 million. NEWELL RUBBERMAID 2010 Annual Report 61

  • Page 66
    ... Interest rate swaps Foreign exchange contracts on inventory-related purchases Foreign exchange contracts on intercompany borrowings Total assets Balance Sheet Location Other assets 2010 Fair Value $42.3 2009 Fair Value $20.9 Balance Sheet Location Other noncurrent liabilities Liabilities 2010 Fair...

  • Page 67
    ... the Company was not a party to any cross-currency interest rate swaps. The Company did not record any ineffectiveness related to derivative and non-derivative instruments designated as hedges of investments during the years ended December 31, 2010 and 2009. NEWELL RUBBERMAID 2010 Annual Report 63

  • Page 68
    > Newell Rubbermaid Inc. 2010 Annual Report FOOTNOTE 12 COMMITMENTS Lease Commitments The Company leases manufacturing, warehouse and other facilities, real estate, transportation, and data processing and other equipment under leases that expire at various dates through the year 2020. Rent expense...

  • Page 69
    > Newell Rubbermaid Inc. 2010 Annual Report The Company's matching contributions to the contributory 401(k) plan were $12.9 million, $14.0 million and $15.9 million for 2010, 2009 and 2008, respectively. Defined Benefit Pension Plans The following provides a reconciliation of benefit obligations, ...

  • Page 70
    > Newell Rubbermaid Inc. 2010 Annual Report Net pension cost includes the following components for the years ended December 31, (in millions, except percentages): U.S. 2010 Service cost-benefits earned during the year Interest cost on projected benefit obligation Expected return on plan assets ...

  • Page 71
    ...contracts discounted to the present using a discount rate that approximates the discount rate used to measure the associated pension plan liabilities. (4) Venture capital and partnerships are valued at net asset value, which is generally calculated using the most recent partnership financial reports...

  • Page 72
    ... defined benefit plans' consolidated assets using significant unobservable inputs (Level 3) for the years ended December 31, 2010 and 2009 is as follows (in millions): Venture Capital and Partnerships Fair value as of January 1, 2010 Realized gains (losses) Unrealized gains (losses) Purchases, sales...

  • Page 73
    > Newell Rubbermaid Inc. 2010 Annual Report Investment Strategy The Company has established formal investment policies for the assets associated with its pension plans. The objectives of the investment strategies generally include maximizing long-term return at acceptable risk levels, diversifying ...

  • Page 74
    ... Net income (loss) attributable to participating securities, which consisted of certain of the Company's outstanding restricted stock awards and restricted stock units, was $3.1 million, $3.0 million and $(1.2) million for 2010, 2009 and 2008, respectively. 70 NEWELL RUBBERMAID 2010 Annual Report

  • Page 75
    ... and diluted earnings (loss) per share for the years ended December 31, (in millions, except per share data): 2010 Numerator for basic earnings (loss) per share: Net income (loss) controlling interests Loss from discontinued operations Dividends and equivalents for share-based awards expected to...

  • Page 76
    ...performance-based restricted stock units vest and the related stock is issued. In the case of retirement (as defined in the award agreement), awards vest depending on the employee's age and years of service. Stock Plans The Company's stock plans include plans adopted in 1993, 2003 and 2010. In 2010...

  • Page 77
    > Newell Rubbermaid Inc. 2010 Annual Report As of December 31, 2010, the Company had 15.1 million and 1.2 million options outstanding under the 2003 plan and 1993 plan, respectively. In addition, the Company had 4.9 million restricted stock awards, restricted stock units and performancebased ...

  • Page 78
    ... the years ended December 31, 2010 and 2009, the Company awarded approximately 0.9 million and 1.2 million performance-based restricted stock units, respectively, which entitle recipients to shares of the Company's common stock at the end of a three-year vesting period if specified market conditions...

  • Page 79
    > Newell Rubbermaid Inc. 2010 Annual Report FOOTNOTE 16 INCOME TAXES As of December 31, 2010 and 2009, the Company had unrecognized tax benefits of $96.8 million and $147.9 million, respectively. If recognized, $90.4 million and $141.4 million as of December 31, 2010 and 2009, respectively, would ...

  • Page 80
    > Newell Rubbermaid Inc. 2010 Annual Report The Company files numerous consolidated and separate income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. The statute of limitations for the Company's U.S. federal income tax returns has expired for years prior ...

  • Page 81
    ... relevant authoritative guidance, and the Company's derivatives are primarily foreign currency forward contracts and interest rate swaps. The Company determines the fair value of its derivative instruments based on Level 2 inputs in the fair value hierarchy. NEWELL RUBBERMAID 2010 Annual Report 77

  • Page 82
    ...Newell Rubbermaid Inc. 2010 Annual Report The following tables present the Company's non-pension related financial assets and liabilities, which are measured at fair value on a recurring basis as of December 31, 2010 and 2009 (in millions): Quoted Prices in Active Markets for Identical Assets (Level...

  • Page 83
    ... publicly traded and accordingly, the fair value of this instrument was determined using a discounted cash flow model and market rates of interest as of December 31, 2010. FOOTNOTE 19 INDUSTRY SEGMENT INFORMATION The Company's reportable segments are as follows: Segment Home & Family Key Brands...

  • Page 84
    ...Annual Report The Company's segment results are as follows as of and for the years ended December 31, (in millions): 2010 Net Sales(2) Home & Family Office Products Tools, Hardware & Commercial Products Operating Income(3) Home & Family Office Products Tools, Hardware & Commercial Products Corporate...

  • Page 85
    > Newell Rubbermaid Inc. 2010 Annual Report Geographic Area Information 2010 Net Sales United States Canada Total North America Europe, Middle East and Africa Latin America Asia Pacific Total International Operating Income (Loss)(3), (6) United States Canada Total North America Europe, Middle East ...

  • Page 86
    ..., financial condition or results of operations. As of December 31, 2010, the Company had $61.6 million in standby letters of credit primarily related to the Company's self-insurance programs, including workers' compensation, product liability and medical. 82 NEWELL RUBBERMAID 2010 Annual Report

  • Page 87
    ...Newell Rubbermaid Inc. 2010 Annual Report COMMON STOCK PRICE PERFORMANCE GRAPH The following common stock price performance graph compares the yearly change in the Company's cumulative total stockholder returns on its common stock during the years 2006 through 2010, with the cumulative total return...

  • Page 88
    ... 2010 Annual Report MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS The Company's common stock is listed on the New York and Chicago Stock Exchanges (symbol: NWL). As of January 31, 2011, there were 14,218 stockholders of record. The following table sets forth the high and low sales prices...

  • Page 89
    > Newell Rubbermaid Inc. 2010 Annual Report EXECUTIVE OFFICERS Mark D. Ketchum President and Chief Executive Officer Hartley D. Blaha President, Corporate Development Paul G. Boitmann President, Global Sales Operations William A. Burke Group President, Tools, Hardware & Commercial Products Juan R. ...

  • Page 90
    ...Newell Rubbermaid Inc. 2010 Annual Report CORPORATE INFORMATION SHAREHOLDER INFORMATION Newell Rubbermaid is traded on the New York Stock Exchange under the symbol NWL. Additional copies of this annual report, Newell Rubbermaid's Form 10-K and proxy statement filed with the Securities and Exchange...

  • Page 91
    ... Chairman - General Mills, Inc. Chairman of the Board - Newell Rubbermaid Inc. and former President, Global Technical and Manufacturing - The Procter & Gamble Company MICHAEL B. POLK1 President, Global Foods, Home & Personal Care - Unilever MICHAEL A. TODMAN1,4 President - Whirlpool International

  • Page 92
    WOW 1 NEWELL RUBBERMAID Annual Report newell rubbermaid inc. 3 glenlake parkway atlanta, ga 30328 www.newellrubbermaid.com