Graco 2013 Annual Report Download - page 7

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7
Newell Rubbermaid | 2013 Annual Report
2013 Highlights
DEVELOPMENT
• Created a global R&D, design, insights and
marketing organization focused exclusively
on building the strategic growth agenda
for each of our brands and categories
• Established a new Innovation Team
to generate ideas and support new
concept development
• Reduced the number of brand activities
to concentrate on fewer, bigger, more
impactful ideas
• Streamlined North American operations into
one design hub and two marketing hubs
• Initiated an accelerated e-commerce plan,
increasing funding under the direction of
an experienced leadership team
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Mark S. Tarchetti
Chief Development Offi cer
DELIVERY
• Restructured Customer Development
to strengthen the partnership with our
customers
• Created a new global Supply Chain
organization to optimize operations across
the enterprise
• Increased market share and brand awareness
through Furious Five promotional campaigns
in North America
• Simplifi ed operations in Europe, Middle East
and Africa to increase profi tability and drive
long-term growth
• Centralized North American customer service
functions to provide a center of excellence for
customer relations across business segments
DE
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William A. Burke III
Chief Operating Offi cer
Douglas L. Martin
Chief Financial Offi cer
FINANCE / IT
• Grew core sales 3.2 percent
• Increased normalized earnings per share
9.6 percent to a record $1.83
• Reduced outstanding debt by $82 million
and increased cash by $43 million
• Allocated $644 million to dividends and
share repurchases
• Expanded the global SAP
implementation to Latin America
with the successful launch in Brazil
LEGAL
• Centralized management
of outside legal spending,
reducing costs by one-third
• Reorganized the legal function
to optimize the use of in-house
legal counsel
HUMAN RESOURCES
• Recruited new talent to
strengthen specifi c skill sets
and global perspectives
• Launched Performance Plus,
a new compensation platform
designed to link individual
objectives to corporate goals
and help drive a performance
culture