Stock Under $10 with 50-100% upside potential - 14 Days FREE!

John Heil, President Of Spectrum Brands’ United Pet Group Subsidiary And Pet Industry Leader, To Retire In March 2013 And Continue As Advisor To CEO

Stock quotes in this article: SPB 

Spectrum Brands Holdings, Inc. (NYSE: SPB), a global consumer products company with market-leading brands, announced today that John A. Heil, President of its United Pet Group subsidiary, a member of the Company’s Executive Committee and a long-time pet industry leader, has finalized plans to retire for personal reasons, effective March 31, 2013. Mr. Heil will continue as a consultant to Spectrum Brands and Chief Executive Officer Dave Lumley.

Barry Seenberg, United Pet North America Vice President and General Manager, will assume responsibilities for the division’s North American business in addition to global financial consolidation. He will report to Dave Lumley, Chief Executive Officer of Spectrum Brands Holdings. Andreas Rouve, Managing Director of Europe, will maintain his current responsibility for the European and Asian Pet businesses and continue to report to Mr. Lumley. The new Pet division management structure was instituted in recent months by Mr. Heil to specifically address his stated desire of more than a year ago to eventually retire.

“John has made significant, valuable and lasting contributions to the growth and strategic development of our Company,” said Mr. Lumley. “John recently completed the Pet division’s multi-year global integration and reorganization, and the Pet division delivered record sales and profits in fiscal 2012. We thank him for his leadership and contribution and wish him well. We are grateful that he will remain in an advisory role.”

David Maura, Chairman of Spectrum Brands and Executive Vice President and Director of Harbinger Group, Inc. (NYSE: HRG), Spectrum Brands’ majority shareholder, said, “We join in saluting John for his outstanding service to Spectrum Brands. Under John’s leadership, our world-class pet supplies division has grown and been further streamlined along with, more recently, a reinvigoration of the aquatics business. We wish John the very best in his future endeavors.”

Mr. Heil, 60, was appointed President, Global Pet Supplies and Co-Chief Operating Officer in January 2007. He joined Spectrum Brands concurrent with the Company's February 2005 acquisition of United Industries, where he served as President and Chief Executive Officer of United Industries' United Pet Group. Mr. Heil joined United Pet Group as Chairman and Chief Executive Officer in June 2000. United Pet Group was subsequently acquired by United Industries in 2004.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,354.40 121.18 0.80%
NASDAQ 3,498.97 33.73 0.97%
S&P 500 1,667.47 17.00 1.03%
US 10 Yr 1.949% +0.084

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs