Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Green Mountain Coffee Roasters Names Brian Kelley CEO - Update

RELATED NEWS
Trade GMCR now with 

Green Mountain Coffee Roasters, Inc., (GMCR: Quote) Tuesday said Brian Kelley would become President and Chief Executive Officer and a member of the Board of Directors effective December 3.

Kelley is a proven consumer products executive. According to the company, the appointment signals GMCR's intention to build upon its expertise in single-serve beverages and to leverage its leading consumer brands, Keurig and Green Mountain Coffee.

Kelley was named President of Coca-Cola Refreshments in September, to be effective January 1, 2013. He has been Chief Product Supply Officer, Coca Cola Refreshments since October 2010.

In his prior role as President of North America Business Integration, he led the integration of the acquisition of the North American assets of Coca-Cola Enterprises. He combined Coca-Cola North America and Coca-Cola Enterprises' North American operations into the new company, Coca-Cola Refreshments.

Michael Mardy, Interim Chairman of the Board of Directors, said, ''With leading consumer brands, compelling distribution and relationships, and an ongoing commitment to funding innovation to leverage its single-serve expertise, we knew that GMCR's next leader had to possess a strong combination of operational expertise, consumer product and brand experience and strategic insight."

Kelley will succeed GMCR's current President and CEO, Lawrence Blanford. Blanford has been working with the company's Board of Directors to identify a successor, after announcing his retirement plan in February.

Blanford has been President and CEO of GMCR, since assuming the role from the company's founder, Bob Stiller, in 2007.

GMCR, which closed at $27.33 on Monday, is adding 3 percent in pre-market activity.

Register
To receive FREE breaking news email alerts for Keurig Green Mountain Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Before heading to New York for meetings with other world leaders at the United Nations, President Barack Obama delivered a statement on Tuesday regarding U.S. airstrikes in Syria. Obama highlighted the fact that the U.S. was joined in the attack by Saudi Arabia, the United Arab Emirates, Jordan, Bahrain, and Qatar. After recovering from an initial move to the downside, stocks have shown a lack of direction over the course of the trading day on Tuesday. The choppy trading comes on the heels of the notable pullback seen in the previous session. With lawmakers failing to address corporate tax reform before adjourning for the campaign season, the Treasury Department announced Monday that it is taking targeted action to reduce the tax benefits of corporate tax inversions.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.