Polistina to Leave as Head of Spectrum Global Appliances
MADISON, Wis.-Terry Polistina, president of the global appliances division of Spectrum Brands, will exit his post effective Sept. 30, but will continue to serve on the company's board of directors.
When Spectrum completed its acquisition of Russell Hobbs--parent of the Black & Decker, George Foreman, Farberware, Toastmaster and Juiceman small-electrics brands--in June 2010, Polistina, then Russell Hobbs' CEO, came along as Spectrum's president of the small-appliances division. In October of that year, he was named president of global appliances. He joined Spectrum's board of directors in August 2009.
Steve Fraundorfer has been appointed vice president and general manager of global appliances. Reporting to Spectrum CEO Dave Lumley, Fraundorfer will be responsible for sales and marketing of appliances in North America, and will maintain his current responsibilities over global appliances business operations. Andreas Rouve, president of international, maintains his responsibilities over all international appliances operations, also reporting to Lumley.
Polistina served as senior vice president of Applica, which with Salton was one of the predecessor companies of Russell Hobbs, from 1998 to 2001. In the latter year, he was named Applica's chief financial officer, and in 2006 he became chief operating officer. Salton and Applica merged to form Salton Inc. in 2007, and Polistina became CEO the following year. The company was renamed Russell Hobbs in 2009.