Jahnke to retire from Newell Rubbermaid

ATLANTA Newell Rubbermaid has announced that Timothy Jahnke, president of the company's home and family segment, plans to resign on Nov. 30 to take a chief executive position at another company.

"We thank Tim for all of his contributions over a distinguished career at Newell Rubbermaid, and we wish him continued success," said Mark Ketchum, Newell Rubbermaid's president and ceo.

The company has a detailed succession planning process and will name a replacement in the near future.