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Green Mountain Coffee Roasters, Inc., (GMCR)
GMCR today announced that Norman H. Wesley, former CEO and Chairman of Fortune Brands, Inc., has joined its Board of Directors. Effective immediately Mr. Wesley will be a Class II Director with a term that expires at the Company's 2013 Annual Meeting where he will stand for election by shareholders. His addition expands GMCR's Board of Directors to nine members, seven of whom are independent.
“Norm has significant operational and strategic expertise from more than 20 years as a senior executive, including as Chief Executive Officer of a multinational, multi-channel and multi-branded publicly traded consumer products company,” said Michael J. Mardy, interim Chairman of GMCR's Board of Directors. “In particular, we believe his financial expertise will further enhance the ability of the Board to oversee and monitor the Company's strategic planning as GMCR pursues opportunities for continued growth including leveraging its core competencies into adjacent categories.”
Lawrence Blanford, GMCR's CEO, added: “The management team looks forward to Norm's insight and guidance.”
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