Newell Brands Inc is currently led by its CFO Christopher Peterson, who was appointed as its CEO on an interim basis.

On Tuesday, according to a report by the Wall Street Journal, U.S. household goods maker Newell Brands Inc, has hired Ravi Saligram, as its next Chief Executive.

Saligram will be stepping down as the CEO of Ritchie Bros Auctioneers and will be assuming his new role from October 2.

The development comes in the wake of industrial auctioneer Ritchie Bros stating that Saligram would be stepping down on October 1.

Newell is currently led by the company’s Chief Financial Officer Christopher Peterson, who was appointed as its CEO on an interim basis.

Incidentally, Hoboken, New Jersey-based Newell has been divesting its non-core units after more than doubling in size following its 2016 acquisition of Jarden Corp and announced the sale of its Processing Solutions business to private equity firm One Rock Capital Partners LLC for about $500 million in March.

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Tags: CEO, CFO, chief executive, Chief Executive Officer, Chief Financial Officer, Christopher Peterson, HR, HRM, human resources, industrial auctioneer, Newell Brands Inc, Ravi Saligram, Ritchie Bros Auctioneers