Shares of Dean Foods Co (NYSE:DF) ended Tuesday session in red amid volatile trading. The shares closed down -0.12 points or -0.75% at $15.95 with 1.68 million shares getting traded. Post opening the session at $16.00, the shares hit an intraday low of $15.89 and an intraday high of $16.12 and the price vacillated in this range throughout the day. The company has a market cap of $1.46 billion and the numbers of outstanding shares have been calculated to be 90.42 million shares.
Dean Foods Co (DF) on Sept. 1, 2016 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.”
Scozzafava joined Dean Foods in October 2014 as Executive Vice President and Chief Commercial Officer before being promoted to Chief Operating Officer in October 2015. He has more than 30 years of experience in the consumer goods and grocery categories, including at Wm. Wrigley Jr. Company and at Campbell Soup Company. Scozzafava’s experience gives him deep knowledge in organizational capabilities and improving operating results.
“Ralph is a passionate leader with a successful track record of growing businesses, driving efficiencies and building strong teams. I am confident in Ralph’s and the team’s ability to advance the business and deliver substantial shareholder value,” said Tanner. “I look forward to supporting Ralph in his new role and working to ensure a seamless transition.”
Shares of Kellogg Company (NYSE:K) ended Tuesday session in red amid volatile trading. The shares closed down -1.00 points or -1.26% at $78.13 with 1.63 million shares getting traded. Post opening the session at $78.60, the shares hit an intraday low of $77.90 and an intraday high of $79.06 and the price vacillated in this range throughout the day. The company has a market cap of $28.08 billion and the numbers of outstanding shares have been calculated to be 350.26 million shares.
On Sept. 6, 2016 The 36-city Kellogg’s® Tour of Gymnastics Champions kicks off Thursday, Sept. 15, in Spokane, Wash., and promises fans a high-flying, dynamic experience that celebrates the sport’s beauty and skill in each of the disciplines. Bigger and better than ever, the show’s format pairs elite gymnastics skill with modern performance art that pushes the boundaries of athleticism and is sure to keep fans cheering for more. Tickets for the 38 Kellogg’s tour performances, which conclude on Nov. 13, are on sale now at KelloggsTour.com.
The 2016 U.S. Olympians participating in the Tour are: The Final Five – Simone Biles, Gabby Douglas, Laurie Hernandez, Madison Kocian and Aly Raisman; men’s gymnastics – Chris Brooks, Jake Dalton, Danell Leyva, Sam Mikulak and Alex Naddour; rhythmic – Kiana Eide, Monica Rokhman, Jennifer Rokhman, Kristen Shaldybin and Laura Zeng; and trampoline – Nicole Ahsinger and Logan Dooley. 2008 Olympic all-around champion Nastia Liukin, 2008 Olympic balance beam champion Shawn Johnson and 2012 Olympic team champion Jordyn Wieber are also on the cast. Due to athletes’ schedules and personal commitments, the cast will vary from stop to stop.
“This year’s Kellogg’s Tour is a welcome home party and celebration for the USA’s success in Rio,” said Steve Penny, president of USA Gymnastics. “Our athletes won the hearts of fans around the globe last month, and this is a chance for America to see them up close and personal. This year’s Kellogg’s Tour includes the biggest names in the sport, including three Olympic all-around champions and medalists from three Olympic Teams. The Kellogg’s Tour has something for everyone, from the very young to the young at heart.”