Spectrum Tabs Lumley as CEO; Hussey to Retire
Posted on April 15, 2010 by
ATLANTA-David Lumley has been named chief executive officer of Spectrum Brands, parent company of the Remington brand, succeeding the retiring Kent Hussey, effective immediately.
According to a company statement, Hussey will remain as chairman of the board through the close of the merger between Spectrum and Russell Hobbs, the former Salton Inc., after which a successor to the chairman's post will be named. Lumley will retain his current responsibilities as president of Spectrum's Global Batteries & Personal Care and Home & Garden units, and as co-chief operating officer with John Heil. He has also been named to the company's board of directors.
Spectrum's executive committee will consist of Lumley; Heil (who is also president of the Global Pet Supplies unit); Tony Genito, chief financial officer; and John Wilson, senior vice president, secretary and general counsel. Meanwhile, Hussey has signed a three-year consulting agreement with Spectrum to assist with the transition and implementation of the Russell Hobbs merger.
Announced on Feb. 9, the merger with Russell Hobbs is expected to take place during the summer. Spectrum also said it plans to transition its corporate headquarters from here to Madison, Wis.