Shares of Dean Foods Co (NYSE:DF) ended Friday session in red amid volatile trading. The shares closed down -0.28 points or -1.69% at $16.28 with 2.20 million shares getting traded. Post opening the session at $16.51, the shares hit an intraday low of $16.23 and an intraday high of $16.53 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 Kimberly Clark Corp (NYSE:KMB) ended Friday session in red amid volatile trading. The shares closed down -0.63 points or -0.51% at $121.81 with 2.13 million shares getting traded. Post opening the session at $121.95, the shares hit an intraday low of $121.20 and an intraday high of $122.81 and the price vacillated in this range throughout the day. The company has a market cap of $43.37 billion and the numbers of outstanding shares have been calculated to be 359.64 million shares.
Kimberly Clark Corp (KMB) on Sept. 15, 2016 announced that chief human resources officer Liz Gottung plans to retire at the end of 2016. The company has named Scott Boston as Gottung’s successor.
Boston, who joined the company in 2011, has led global HR talent management and been responsible for leading HR within Kimberly-Clark International. He will become senior vice president and chief human resources officer (CHRO) effective January 1, 2017 and will work with Liz to ensure a smooth transition.
“Liz has been an outstanding partner and HR professional throughout her career at K-C,” said Thomas J. Falk, chairman and CEO of Kimberly-Clark. “I am grateful for her leadership and contributions to strengthening our business, our talent and our culture.”
During her 35-year career at Kimberly-Clark, Gottung held a wide range of leadership roles prior to being named CHRO in 2002. As the leader of the company’s HR organization, she aligned the HR function with the company’s overall business strategy and championed the culture. She also led the development of the company’s people strategy to support global talent and capability building.
“We are also fortunate to have someone of Scott’s experience and talent replace Liz. He is a proven, change-oriented HR leader who has demonstrated abilities across our businesses,” added Falk.