Shares of Dean Foods Co (NYSE:DF) ended Tuesday session in red amid volatile trading. The shares closed down -0.18 points or -1.10% at $16.21 with 928,811 shares getting traded. Post opening the session at $16.40, the shares hit an intraday low of $16.15 and an intraday high of $16.40 and the price vacillated in this range throughout the day. The company has a market cap of $1.48 billion and the numbers of outstanding shares have been calculated to be 90.42 million shares.
Dean Foods Co (DF) announced that Ralph Scozzafava, Executive Vice President and Chief Operating Officer, will succeed Gregg A. Tanner as the Company’s Chief Executive Officer and as a member of the Company’s Board of Directors, effective January 1, 2017. In order to ensure a smooth transition, Mr. Tanner will remain as an advisor to the Company through the Annual Stockholders Meeting in May 2017.
“This announced transition is the culmination of our succession planning efforts, and the Board is confident that Ralph – supported by Dean Foods’ experienced and dedicated management team – is the right leader for the Company’s continued success and growth,” said Jim Turner, Non-Executive Chairman of the Board. “The Board sincerely thanks Gregg for his many contributions to Dean Foods over the past decade. His outstanding leadership, especially following the divesture of Morningstar and the spin-off of WhiteWave, was instrumental in achieving a renewed focus and guiding the Company through new business opportunities.”
Shares of Kellogg Company (NYSE:K) ended Tuesday session in red amid volatile trading. The shares closed down -0.42 points or -0.55% at $76.05 with 1.62 million shares getting traded. Post opening the session at $76.47, the shares hit an intraday low of $75.77 and an intraday high of $76.52 and the price vacillated in this range throughout the day. The company has a market cap of $26.68 billion and the numbers of outstanding shares have been calculated to be 350.26 million shares.
Kellogg Company (K) nd the United States Olympic Committee announced that Kellogg is renewing its commitment to Team USA and will sponsor the USOC through the 2018 and 2020 Olympic and Paralympic Games.
“It is an honor to continue to be associated with the USOC, and to help the athletes of Team USA achieve their dreams of representing our country at the Olympic and Paralympic Games,” said Paul Norman, president of Kellogg North America. “Together, we will continue to celebrate the things that drive people to get up in the morning, and what inspires them to reach their full potential each day.”
Kellogg’s sponsorship category covers hot and cold cereal and granola, wholesome portable breakfasts, and frozen breakfast.
“Kellogg has been a strong supporter of America’s athletes, helping to provide the resources they need to pursue their dreams of competing in Olympic and Paralympic Games,” said Scott Blackmun, CEO, USOC. “We are thrilled to continue this partnership as we engage people across the country and create excitement for Team USA.”