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Magnus joined Newell Rubbermaid in May 2006. Of Swedish nationality, Magnus has held several positions in France, UK, Canada and the US.
Previously he was President & CEO of Esselte Office products the $1.2B leader in office supplies worldwide. Magnus became CEO after he led the buy-out of Esselte from the Stockholm and London stock-exchanges in June 2002 for $550Million. He then lead the transformation of the company including rationalizing the brand portfolio, shifting manufacturing to achieve best cost position, improving working capital turns twofold and accelerating growth.
In Dec 2005 he sold the fast growing DYMO Division to Newell for $730Million reshaped the remaining office supplies portfolio, repaid all LBO debt and provided a dividend to the private equity sponsor J.W. Childs, shortly thereafter he left Esselte.
During his 25 years he has in addition held global leadership roles with Pitney Bowes, Bayer AG and McKinsey & Co.
Magnus has a BA from the Stockholm School of Economics and an MBA from the Wharton School University of Pennsylvania | 