Shares of Flowers Foods, Inc. (NYSE:FLO) ended Wednesday session in green amid volatile trading. The shares closed up +0.03 points or 0.16% at $15.38 with 2.20 million shares getting traded. Post opening the session at $15.33, the shares hit an intraday low of $15.16 and an intraday high of $15.43 and the price vacillated in this range throughout the day. The company has a market cap of $3.14 billion and the numbers of outstanding shares have been calculated to be 206.87 million shares.
Flowers Foods, Inc. (FLO) on Aug. 29, 2016 announced that George E. Deese, chairman of the board, has exercised a stock option for approximately 587,000 shares of Flowers Foods common stock. As a result, his direct ownership of the stock increased from 2.70 million shares to 2.98 million shares, which is well in excess of the company’s stock ownership guidelines. The option grant, awarded to Mr. Deese under the company’s Equity and Performance Incentive Plan, was set to expire this year. Solely to cover the exercise price and 50% of the federal withholding taxes due as a result of the exercise, Mr. Deese sold shares of Flowers Foods common stock acquired through the option exercise in the open market, electing to pay the remainder of the federal withholding taxes in cash.
Shares of Avon Products, Inc. (NYSE:AVP) ended Wednesday session in green amid volatile trading. The shares closed up +0.19 points or 3.49% at $5.64 with 3.68 million shares getting traded. Post opening the session at $5.50, the shares hit an intraday low of $5.45 and an intraday high of $5.65 and the price vacillated in this range throughout the day. The company has a market cap of $2.42 billion and the numbers of outstanding shares have been calculated to be 437.02 million shares.
Avon Products, Inc. (AVP) on Sept. 8, 2016 announced the election of Jose Armario to its Board of Directors, effective September 6, 2016. Mr. Armario will serve on the Compensation and Management Development Committee.
Mr. Armario served in a variety of leadership roles at McDonald’s Corporation for nearly two decades, retiring in 2015. His roles at McDonald’s included Group President, Latin America and Canada, and President and International Relationship Partner, Latin America. Mr. Armario is credited with leading the company’s turnaround in Latin America and was responsible for driving improved business results and expansion in Canada, in addition to leading international franchising. Mr. Armario’s final role at McDonald’s was as Executive Vice President, Worldwide Supply Chain, Development and Franchising of McDonald’s Corporation. Mr. Armario was responsible for the strategy, execution and results of each department’s key goals, including $25 billion in supply chain purchases globally on a yearly basis, one billion in new store capital for growth in key markets and helping establish the right ownership strategy across all geographies.
Prior to joining McDonald’s, Mr. Armario held roles of increasing responsibility at Lenscrafters, Inc. and Burger King Corporation, where he started his career. Mr. Armario has served on the Board of USG Corporation since 2007, where he is on the Audit Committee and Compensation and Organization Committee. He also serves on the President’s Council of the University of Miami (FL). Mr. Armario earned an associate’s degree in business administration from Miami Dade College and an M.S. in professional management from the University of Miami School of Business.
“I’m delighted that Jose is joining the Avon Board,” said Sheri McCoy, Avon’s Chief Executive Officer. “He has first-hand consumer experience in many of Avon’s most important markets and his insights will be very valuable as we continue to execute our transformation plan.”
“We are very excited to welcome Jose to Avon’s Board,” said Chan W. Galbato, non-executive Chairman of the Board. “Jose brings over 30 years of global experience, having led large, complex operations, as well as having held more hands-on regional roles, including a significant focus on Latin America. This will be a great asset to Avon as we grow our business in global markets.”