Newell Moves HQ From Atlanta To Hoboken
The company—known for Rubbermaid containers and Sharpie markers—has been based in Atlanta since 2008 and will keep a presence there, reports the Wall Street Journal. The move puts the company closer to its top executives; CEO Michael Polk lives in New Jersey, while newly appointed CFO Ralph Nicoletti (previously with Tiffany & Co) and COO Richard Sansone are based in New York.
Fewer than a dozen jobs will be relocated from Atlanta, and 250 to 300 people will eventually work in Hoboken. The company received $27M in tax incentives from the New Jersey Economic Development Authority. [WSJ]