Hugh Rovit - Spectrum Brands Independent Director

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SPB -- USA Stock  

Report: 31st of July 2020  

  Director
Mr. Hugh R. Rovit is Independent Director of Spectrum Brands Holdings, Inc., since June 2010. Prior to that time, he had served as a director of SBI from August 2009 to June 2010. Mr. Rovit is presently Chief Executive Officer of Ellery Homestyles, a leading supplier of branded and private label home fashion products to major retailers, offering curtains, bedding, throws and specialty products. Previously, Mr. Rovit served as Chief Executive Officer of Sure Fit Inc., a marketer and distributor of home furnishing products from 2006 through 2012, and was a Principal at a turnaround management firm Masson Company from 2001 through 2005. Previously, Mr. Rovit held the positions of Chief Financial Officer of Best Manufacturing, Inc., a manufacturer and distributor of institutional service apparel and textiles, from 1998 through 2001 and Chief Financial Officer of Royce Hosiery Mills, Inc., a manufacturer and distributor of mens and womens hosiery, from 1991 through 1998. Mr. Rovit is a director of Xpress Retail and a director emeritus of Nellson Nutraceuticals, Inc., Kid Brands Inc., Atkins Nutritional, Inc., Oneida, Ltd., Cosmetic Essence, Inc. and Twin Star International. Mr. Rovit received his Bachelor of Arts degree cum laude from Dartmouth College and has a Masters of Business Administration from the Harvard Business School. Mr. Rovit is a member of our Audit Committee. Mr. Rovits experience with the operations and management of various consumer products companies led the Board of Directors to conclude that he should be a member of the Board of Directors.
Age: 58  Director Since 2018      
608 275-3340  www.spectrumbrands.com

Spectrum Brands Management Efficiency

Spectrum Brands Hold has Return on Asset of 4.02 % which means that on every $100 spent on asset, it made $4.02 of profit. This is considered to be average in the sector. In the same way, it shows return on shareholders equity (ROE) of (12.73) %, meaning that it generated no profit with money invested by stockholders. Spectrum Brands management efficiency ratios could be used to measure of how well the company is managing its routine affairs as well as how well it utilizes its assets and manages liabilities. Spectrum Brands Return on Average Assets are projected to increase based on the last few years of reporting. The past year's Return on Average Assets were at 3.67. The current year Return on Average Equity is expected to grow to 15.79, whereas Return on Investment is forecasted to decline to 9.05. Spectrum Brands Tax Assets are projected to increase significantly based on the last few years of reporting. The past year's Tax Assets were at 37.9 Million. The current year Revenue to Assets is expected to grow to 0.85, whereas Total Assets are forecasted to decline to about 5.8 B. As of July 14, 2020, Total Liabilities is expected to decline to about 4.4 B. In addition to that, Current Liabilities is expected to decline to about 895.2 M
The company has 3.11 B in debt with debt to equity (D/E) ratio of 2.55, meaning that the company heavily relies on borrowing funds for operations. Spectrum Brands Hold has a current ratio of 2.34, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due.

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Company Summary

Spectrum Brands Holdings, Inc. operates as a branded consumer products company worldwide. Spectrum Brands Holdings, Inc. is headquartered in Middleton, Wisconsin. Spectrum Brands operates under Household Personal Products classification in the United States and is traded on BATS Exchange. It employs 11000 people.Spectrum Brands Holdings (SPB) is traded on BATS Exchange in USA and employs 11,000 people.

Spectrum Brands Hold Leadership Team

Kenneth Ambrecht, Independent Director
Norman Matthews, Independent Director
David Harris, Independent Director
Stacey Neu, Sr. VP of HR
Sherianne James, Independent Director
David Maura, Executive Chairman of the Board, Chief Executive Officer
Nathan Fagre, General Counsel, Sr. VP and Secretary
Douglas Martin, Chief Financial Officer, Executive Vice President
David CFA, Executive Chairman
Ehsan Zargar, Executive Vice President, General Counsel, Corporate Secretary
Hugh Rovit, Independent Director
Omar Asali, Independent Vice Chairman of the Board
Rebeckah Long, Senior Vice President - Global Human Resources
Daniel Karpel, Chief Accounting Officer, Vice President Corporate Controller
Andreas Rouve, CEO
Joseph Steinberg, Director
Jeremy Smeltser, Chief Financial Officer, Executive Vice President
Eugene Davis, Independent Director
Randal Lewis, Chief Operating Officer, Executive Vice President
Terry Polistina, Lead Independent Director
Dave Prichard, Vice President - Investor Relations & Corporate Communications

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