Shares of Pinnacle Foods Inc (NYSE:PF) ended Monday session in red amid volatile trading. The shares closed down -0.35 points or -0.70% at $49.97 with 310,414 shares getting traded. Post opening the session at $50.26, the shares hit an intraday low of $49.81 and an intraday high of $50.55 and the price vacillated in this range throughout the day. The company has a market cap of $5.98 billion and the numbers of outstanding shares have been calculated to be 117.98 million shares.
Pinnacle Foods Inc (PF) 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.”
Shares of Tata Motors Limited (ADR) (NYSE:TTM) ended Monday session in red amid volatile trading. The shares closed down -0.50 points or -1.21% at $40.76 with 506,003 shares getting traded. Post opening the session at $40.80, the shares hit an intraday low of $40.65 and an intraday high of $41.10 and the price vacillated in this range throughout the day. The company has a market cap of $26.98 billion and the numbers of outstanding shares have been calculated to be 2.89 billion shares.
Tata Motors Limited (ADR) (TTM) engages in the design, development, manufacture, assembly, sale, and export of passenger and commercial vehicles. It operates through Automotive Operations and All Other Operations segments. The company offers passenger cars, utility vehicles, light commercial vehicles, and medium and heavy commercial vehicles. It also provides related parts and accessories; and information technology services, and machine tools and factory automation services. In addition, the company offers vehicle finance and insurance services.