New CEO Named at Spectrum Brands

Spectrum Brands Holdings, Inc. elected Andreas Rouvé to chief executive officer effective April 1. Rouvé, who has served as chief operating officer since February 2014, succeeds Dave Lumley, who recently announced plans to retire from the company.
 
“I am honored to be able to lead our Company forward and continue to execute on our strategic plans for future growth and value creation,” Rouvé said. “We thank Dave Lumley for his dynamic leadership and countless and lasting contributions as our CEO during a period of record growth and profitability for Spectrum Brands. Our company has a bright future, a deep and experienced global leadership team, and many opportunities to further increase our adjusted EBITDA and sustainable free cash flow as we build an even stronger Spectrum Brands.”
 
Prior to becoming COO in February 2014, Rouvé was president, international since January 2013. He served as senior vice president and managing director of Spectrum Brands’ European Battery and Personal Care business since 2007 and subsequently led the integration of the Home Appliances and Pet Supplies European businesses in 2010-2011. He joined Spectrum Brands in 2002 as chief financial officer of the European Battery division.
 
Previously, Rouvé worked 13 years with Varta AG in a variety of management positions, including chief financial officer of Varta Portable Batteries from 1999-2002, managing director Asia from 1997-1999 and director of finance of 3C Alliance L.L.P., a U.S. joint venture of Varta, Duracell and Toshiba from 1995-1997.