Newell Rubbermaid general counsel John Stipancich is one of a growing number of GCs of Fortune 500 companies who have expanded their roles into business operations at a time when multinationals are under pressure to cut costs while boosting growth in the face of sluggish consumer demand. As part of a major strategic reorganization in 2012, he added oversight of the consumer products giant’s Europe, Middle East and Africa (EMEA) operations to his GC duties.
It was only partly the 45-year-old lawyer’s legal experience that dictated the move. Stipancich says that his years working for private equity company Kohlberg Kravis Roberts, combined with the numerous legal issues arising from Newell Rubbermaid’s transformation in European markets, convinced the company to put its top lawyer in an operational role. “I’d worked [as in-house counsel] for two KKR companies,” he explains, “so I can get the costs out and run the region like a private equity company would.”
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