Spectrum Brands’ CFO to step down at year-end 2014
MIDDLETON, Wis. — Spectrum Brands Holdings, a diversified consumer products company whose portfolio includes the Remington brand, has announced that Tony Genito, EVP and CFO, plans to leave the company at the end of 2014 to return with his family to the Southeast.
The company has an active succession plan, including commencement of a search for Genito’s replacement that will consider both internal and external candidates. Genito will remain in his role with Spectrum Brands until the end of 2014 to ensure a smooth and orderly transition to his successor.
Genito, who has served as CFO since March 2007, said, “I committed four years ago to come to Wisconsin to help lead this company into a new era of growth and expansion, strengthen our balance sheet and significantly grow our adjusted EBITDA and free cash flow. It has truly been an exciting, rewarding and unforgettable experience."
“Given how well our company has been performing since then, the bright outlook it continues to enjoy and the deep and experienced leadership team we have in place,” Genito said, “I truly believe I have accomplished my work, and the time is now right for my family and I to return to the Southeast to carry out our personal and professional plans.”
“Tony’s innumerable contributions as CFO for more than seven years are significant, valuable and lasting,” said Dave Lumley, president and CEO of Spectrum Brands. “We are grateful Tony has committed to remain through the end of the calendar year so the transition is seamless.”
IRI names executive, analytics practice leader
CHICAGO — IRI has announced the appointment of Randy Stone as executive, analytics practice leader.
Stone will work closely with president of the Americas and global strategy Piyush Chaudhari and president of analytics and consulting, Krishnakumar (KK) S. Davey, to enhance the capabilities of IRI’s marketing productivity area and lead select IRI client engagements.
Before joining IRI, Stone founded Passion Rock Partners, a consulting firm focused on marketing effectiveness and marketing strategy. Prior to this, Stone held several positions with Marketing Management Analytics, advancing from VP to CEO in eight years.
Prior to his 19-year tenure with MMA, Stone was VP of group sales and marketing manager at The Nielsen Co., where he initiated new relationships and managed strategic clients, such as Kraft General Foods and its parent company, Philip Morris. Earlier in his career, Stone was VP and account group supervisor at Burke Marketing Services and a senior project director at Trendex.
L’Oréal Canada names chief marketing officer
MONTREAL—L’Oréal Canada has announced the appointment of Stéphane Bérubé as chief marketing officer.
Stéphane Bérubé has close to 20 years of experience in the beauty industry. In 2002, he joined L’Oréal Canada as a marketing director for the Maybelline New York brand. He then moved on to become brand director of the L’Oréal Paris brand in 2005, and became GM two years later.
In 2013, Bérubé was named GM of media and innovation for L’Oréal Canada. In this role, he oversaw L’Oréal Canada’s media investments and negotiations, as well as large-scale corporate sponsorships. In his new role as chief marketing officer, he will be in charge of creating a pool of knowledge, activities, development and expertise around five major axes: consumer care centre, consumer insights, business intelligence, digital and customer relationship management.
This appointment is the first structural change announced by Frank Kollmar, L’Oréal Canada’s newly appointed president and CEO. Kollmar was, until recently, president of the consumer products division in Canada, after a 15-year international career within the L’Oréal Group.