Reuters: Global Markets: Green Mountain elects former Fortune Brands CEO Wesley as chairman

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Green Mountain elects former Fortune Brands CEO Wesley as chairman Dec 18th 2012, 15:45 Tweet Share this Email Print Related News Germany's Benckiser group to buy Caribou Coffee Mon, Dec 17 2012 Starbucks back on expansion path in Americas, China Wed, Dec 5 2012 Peruvian coffee growers harvest dung for golden profits Mon, Dec 3 2012 Wall Street jumps in another "fiscal cliff" swing Wed, Nov 28 2012 Green Mountain Coffee hikes forecast; shares up 22 percent Tue, Nov 27 2012 Related Topics Hot Stocks » Asian Markets » Green Mountain Coffee single-serve K-Cups are pictured in New York, May 3, 2012. Credit: Reuters/Brendan McDermid Tue Dec 18, 2012 10:45am EST (Reuters) - Green Mountain Coffee Roasters Inc (GMCR.O) elected former Fortune Brands Inc Chief Executive Norman Wesley as chairman of its board and David Mackay as an independent director, expanding its board to 10 members. Wesley had been serving as an independent director on the Green Mountain board since August. Green Mountain named a former Coca-Cola Co (KO.N) executive Brian Kelley as chief executive last month, betting on a product specialist to see it through intensifying competition that has eroded its share of the single-cup coffee market. Michael Mardy, who served as interim chairman since May, after the company's founder Robert Stiller was stripped of his chairmanship over ill-timed stock sales, will continue in his role as head of the audit committee. Shares of the company were up 3.5 percent at $40.30 in early trade on the Nasdaq. (Reporting by Aditi Shrivastava in Bangalore; Editing by Sriraj Kalluvila) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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