Shares of International Paper Co (NYSE:IP) ended Tuesday session in red amid volatile trading. The shares closed down -0.48 points or -1.00% at $47.73 with 2.34 million shares getting traded. Post opening the session at $47.88, the shares hit an intraday low of $47.39 and an intraday high of $48.39 and the price vacillated in this range throughout the day. The company has a market cap of $19.83 billion and the numbers of outstanding shares have been calculated to be 411.20 million shares.
International Paper Co (IP) operates as a paper and packaging company in North America, Europe, Latin America, Russia, Asia, Africa, and the Middle East. The company operates through three segments: Industrial Packaging, Printing Papers, and Consumer Packaging. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft. The Printing Papers segment produces printing and writing papers, such as uncoated papers for end use applications, including brochures, pamphlets, greeting cards, books, annual reports, and direct mail, as well as envelopes, tablets, business forms, and file folders.
Shares of Pinnacle Foods Inc (NYSE:PF) ended Tuesday session in red amid volatile trading. The shares closed down -0.61 points or -1.21% at $49.93 with 1.66 million shares getting traded. Post opening the session at $50.39, the shares hit an intraday low of $49.68 and an intraday high of $50.56 and the price vacillated in this range throughout the day. The company has a market cap of $5.95 billion and the numbers of outstanding shares have been calculated to be 117.98 million shares.
Pinnacle Foods Inc (PF) on Aug. 30, 2016 announced the appointment of Michael E. Allen, food industry veteran with significant experience leading health and wellness brands, to the position of Executive Vice President and President, Boulder, effective September 19, 2016. Allen will report to Chief Executive Officer Mark Clouse and replace Phil Anson, interim Boulder General Manager and founder of EVOL® frozen foods. In his new role, Allen will have full responsibility for the Company’s Boulder segment.
Allen, 54, has 20 years of experience in the food industry, including focus in the natural, organic and health-forward channels on brands such as Kashi® and Morningstar Farms®. He joins Pinnacle from the Kellogg Company where he most recently held the role of President, Morning Foods Division. Prior to his most recent role, he served as President, Frozen Foods Division from 2009-2013. Allen joined the Kellogg Company in 1997 and progressed through various leadership roles in marketing, innovation and general management. Before joining Kellogg, Allen worked in marketing and advertising. He holds a degree in Communications from Centennial College in Toronto.
“We are excited to welcome Michael to Pinnacle Foods to lead our Boulder segment,” said CEO Mark Clouse. “Michael’s strong track record of growing brands and leading natural and organic businesses, as well as his personal passion for wellness, will help us realize the full potential of our Boulder business.”