Forget about replacing Jack Welch at General Electric Co. If you want to talk about a high-pressure chief executive officer´s job, consider Joseph Galli Jr.´s new position at Newell Rubbermaid Inc.
He replaces John J. McDonough, who quit last fall under pressure from the board of directors. Go back a bit farther and you´ll find that, before the 1998 acquisition by Newell Inc., Rubbermaid Inc.´s last couple of CEOs also were on the hot seat. Does anyone remember how Rubbermaid once was a perennial leader in Fortune magazine´s ranking of most-admired corporations? That´s starting to feel like ancient history.
Galli´s recent job history leaves him an easy target for critics. Three jobs in three years doesn´t sound promising.
Still, all U.S. housewares molders are facing tough times. Perhaps Galli´s unconventional dot-com background and marketing wizardry will help save this old battleship from a long cruise to oblivion.