Shares of WestRock Co (NYSE:WRK) ended Tuesday session in red amid volatile trading. The shares closed down -0.43 points or -0.90% at $47.24 with 1.39 million shares getting traded. Post opening the session at $47.98, the shares hit an intraday low of $47.20 and an intraday high of $48.36 and the price vacillated in this range throughout the day. The company has a market cap of $11.87 billion and the numbers of outstanding shares have been calculated to be 251.49 million shares.
WestRock Co (WRK) on Sept. 08, 2016 announced that Bob Feeser has been named president of Consumer Packaging and Jeff Chalovich has been named president of Corrugated Packaging. Jim Porter, who currently serves as president of Paper Solutions, will transition to a new role as president of Business Development and Latin America, and Craig Gunckel has been named president, Enterprise Solutions.
Feeser has served as executive vice president of Consumer Paper and Global Solutions for WestRock, and prior to the merger of RockTenn Company and MeadWestvaco Corporation (MWV), he was executive vice president of Global Operations for MWV. In his new role as president of Consumer Packaging, he will report to Steve Voorhees, chief executive officer of WestRock, and be responsible for the commercial activities and operations of the company’s consumer paper and packaging businesses. He will also maintain his current responsibilities for innovation and the Asia-Pacific region.
Chalovich most recently served as executive vice president of Corrugated Containers and Commercial Excellence. Prior to the merger of RockTenn and MWV, he served as senior vice president of Corrugated Containers for RockTenn. As president of Corrugated Packaging, he will also report to Voorhees and will be responsible for the commercial activities and operations of the company’s containerboard mills and corrugated packaging facilities. He will continue to lead WestRock’s Commercial Excellence organization.
Shares of Dean Foods Co (NYSE:DF) ended Tuesday session in red amid volatile trading. The shares closed down -0.15 points or -0.93% at $16.03 with 1.27 million shares getting traded. Post opening the session at $16.22, the shares hit an intraday low of $16.01 and an intraday high of $16.27 and the price vacillated in this range throughout the day. The company has a market cap of $1.44 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.”