Newell Brands is going through big changes. And CEO Michael Polk is leading the way.
He talks with Fortune’s Susie Gharib about how he plans to lead a much larger enterprise since his multi-billion dollar acquisition of Jarden in early 2016. That deal doubled Newell’s (”NWL”) size to a consumer products company with combined revenues of $16 billion and more than 160 well-known household products, including Elmer’s Glue, Paper Mate pens, Graco baby strollers, and Sunbeam appliances.
What does it take to pull together all of those operations and still keep a workforce of nearly 50,000 people focused and motivated? Polk confesses, “It’s not easy work.” But as a turnaround expert with a successful track record, he says, “You have to be empathetic, understanding, and open and transparent about the costs of change.”