Breaking News
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Green Mountain Coffee Roasters Names Brian Kelley CEO - Update

11/20/2012 7:36 AM ET

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 Green Mountain Coffee Roasters Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Chipmaker Advanced Micro Devices Inc. said Thursday after the markets closed that its first quarter loss narrowed from last year, helped by strong revenue growth in its graphics and visual solutions business. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue. After trending higher over the past few sessions, stocks showed a lack of direction throughout the trading day on Thursday. The major averages spent the session bouncing back and forth across the unchanged line before ending the day mixed. While the major averages closed on opposite sides of the unchanged line, they all showed only modest moves. U.S. Secretary Of State John Kerry said Thursday that he and his counterparts from Russia, Ukraine and the European Union have reached an agreement on a preliminary plan for ending the ongoing crisis in Ukraine. Kerry was speaking at the end of the Ukraine contact group's first meeting, comprising the foreign ministers of Russia, Ukraine, the EU and the U.S., in the Swiss city of Geneva.
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.