Lumley to retire as Spectrum CEO

Spectrum Brands Holdings President and CEO David Lumley has announced that he will retire from the company by the end of the year. The move is part of a planned succession process, according to a company press release. He will remain in his current role until a new CEO is hired sometime in 2015. Lumley joined the company in 2006 and has held the top post since 2010. He plans to remain on the company’s board of directors.