Galli is not exactly the kind of person I would trust to run my company:
"January 6, 2001
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Galli Is Expected to Leave VerticalNet
For Top Post at Newell Rubbermaid
By JOANN S. LUBLIN
Staff Reporter of THE WALL STREET JOURNAL
Newell Rubbermaid Inc. directors, at a board meeting Saturday morning, are expected to approve the selection of Joseph Galli as its new president and CEO, The Wall Street Journal has learned.
Mr. Galli, 42, is currently CEO of VerticalNet Inc., a struggling business-to-business Internet company. He joined VerticalNet last July after a tumultuous 13 months in the No. 2 spot at consumer Internet retailer Amazon.com Inc.
Newell Rubbermaid CEO Quits; Chairman Is Set to Succeed Him (Nov. 2, 2000)
VerticalNet Beats Estimates As Quarterly Revenue Surges (July 27, 2000)
Joseph Galli Quits Amazon.com In Favor of VerticalNet CEO Post (July 26, 2000)
Newell Rubbermaid may announce his appointment as soon as Monday morning, the day he's also expected to start his new job, informed individuals said. The company wants to hire him because Newell Rubbermaid directors "like his energy and enthusiasm and infectious personality," said one person close to the situation.
Mr. Galli will replace William P. Sovey, who has been interim CEO since the resignation late last fall of John J. McDonough. Mr. Sovey served as chairman during Mr. McDonough's tenure and previously had been CEO. Daniel C. Ferguson succeeded Mr. Sovey as chairman. It's unclear whether Mr. Ferguson will remain chairman once Mr. Galli arrives. But in any case, "Joe is not going to be chairman" initially, the knowledgeable person added."
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