Newell Brands Hires PricewaterhouseCoopers As Its Independent Auditor

Newell Brands Inc.

revealed that it appointed PricewaterhouseCoopers LLP ("PwC") as its independent auditor. According to the company, it would replace Ernst & Young. Newell Brands said that after the integration of Newell Rubbermaid Inc. and Jarden Corporation, its Audit Committee of the Board conducted a competitive process to determine its independent public accounting firm for the 2016 fiscal year. The company said that based on a review of proposals from the accounting firms, which participated in the process, the Audit Committee selected PwC. Its CEO, Michael Polk, said that "All of us at Newell Brands wish to express our sincere appreciation to the EY professionals who have served us well". He added that "We also welcome the distinguished PwC team who will join us as our independent auditor at Newell Brands." Newell Brands indicated that the termination of EY would become effective after completion of the firm's review procedures on the unaudited interim financial statements of Newell Rubbermaid as of and for the quarter ended March 31, 2016. Shares of the company traded higher by 0.23%.