Newell Brands Consolidated Pension Plan

The finance committee of Newell Brands' board of directors holds investment oversight authority. Courtney Mather chairs the committee. Carl Icahn serves as a committee member, a governance arrangement established following his 2018 board representation push at Newell Brands (per the firm's proxy filings). The committee retains responsibility for investment policy, manager selection, and actuarial assumptions.

No. Icahn serves on the board's finance committee, which provides fiduciary oversight at the governance level. Day-to-day plan administration and investment execution is handled by Newell's corporate treasury function. Icahn's role is supervisory, consistent with his broader activist presence in Newell's governance rather than operational involvement in asset allocation.

No detailed public breakdown is available. Newell's 2023 10-K confirms the plan holds assets in a qualified master trust structure, a common arrangement for consolidating legacy defined-benefit obligations. Corporate pension plans of this scale typically allocate across public equities, fixed income, and alternative assets, but Newell does not name specific funds or managers in public filings.

The plan is a fully sponsored, non-contributory defined-benefit pension for employees of Newell Brands Inc. The parent company funds the plan and consolidates its assets and obligations within its corporate financial statements. Investment governance flows through the parent company's board finance committee rather than through an independent pension board or separate investment office.

No. The plan does not maintain a separate investment office or dedicated pension investment staff. Administration and investment execution sit within Newell's corporate treasury function in Atlanta. This is typical for sponsor-administered corporate plans where investment decisions are made at the parent-company level rather than by an autonomous pension investment organization.