Core Changes in Newell - Newell has undergone significant changes over the past 2.5 years under the leadership of the new CEO, including a comprehensive assessment of its business capabilities and a strategic overhaul [1] - The company evaluated its 11 core capabilities necessary for success in the consumer products sector, identifying weaknesses in half of these areas, which were rated as "red" or worst in class [1] - A new strategy was implemented in June 2023, focusing on clear choices regarding market positioning and competitive advantages [1] Capability Improvement Initiatives - The assessment led to the initiation of a capability improvement project list aimed at enhancing performance in identified weak areas [1] - A new operating model was established, emphasizing the creation of global segments responsible for managing the profit and loss (P&L) [1]