Tupperware Brands Corp.
said Tuesday it has named Chris O’Leary as interim Chief Executive, replacing Tricia Stitzel, who is stepping down with immediate effect. The maker of kitchen storage products said it has hired Heidrick & Struggles to help it find a new CEO. O’Leary, one of the company’s independent directors, has done stints at food company General Mills Inc.
Newell Rubbermaid Inc. and TDS. Tupperware missed earnings estimates in its latest quarter and in early November, announced that it was suspending its dividend. Shares were not yet active premarket, but have fallen 70% in 2019, while the S&P 500
has gained 23%.
View more information: https://www.marketwatch.com/story/tupperware-names-chris-oleary-as-interim-ceo-replacing-tricia-stitzel-who-is-stepping-down-2019-11-12