Newell Brands Inc at Morgan Stanley Global Consumer & Retail Conference Transcript

Dec 02, 2025 / 08:00PM GMT

Release Date Price: MXN103

Transcript

Dara Mohsenian

Morgan Stanley & Co Ltd - Equity Analyst

Hi. Good afternoon, everyone.

I'm Dara Mohsenian, Morgan Stanley's household products and beverage analyst.

Just before we begin, a quick disclosure, please see the Morgan Stanley research website at www.morganstanley.com, Research Disclosures, for our research disclosures.

If you have any questions, you can reach out to your Morgan Stanley representative.

With that, I'm very pleased to welcome back Chris Peterson, Newell Brands' President and CEO; and Mark Erceg, CFO, to the fireside chat today.

Questions & Answers

Dara Mohsenian

Morgan Stanley & Co Ltd - Equity Analyst

Why don't we start with the news from yesterday? You announced the new productivity plan with a reduction of 10% of the professional clerical employees.

First, strategically, why is this plan being put in place now? You've got a large amount of restructuring already. What originated behind this plan?

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