Proven Consumer Industry Leader Laurie
Ann Goldman Named President, Chief Executive Officer, and Director
of the Board
Three New Directors with Financial,
Transformation and Direct Sales Expertise Join Board
Company Files 2022 Form 10-K
ORLANDO,
Fla., Oct. 17, 2023 /PRNewswire/ -- Tupperware
Brands Corporation ("Tupperware" or the "Company") (NYSE: TUP), a
global consumer products company, today announced that Laurie
Ann Goldman has been named President, Chief Executive Officer
("CEO") and a Director of the Board to support the Company's
continued turnaround strategy and execution. Goldman replaces
Miguel Fernandez as President and
CEO, and Fernandez will no longer serve as a Director of
Tupperware's Board, effective immediately.
Goldman, a seasoned executive with over 30 years of leadership
and brand-building experience, previously served as CEO of Avon
North America, where she was instrumental in driving value
creation, and as CEO of Spanx, where she transformed the company
from a startup into a global category leader and household name.
She was most recently the CEO of OVME Aesthetics.
"Now is the right time to bring in new leadership, and
Laurie Ann is exceptionally
well-suited to advance our long-term strategy and accelerate
growth," said Susan Cameron, Chair
of Tupperware's Board of Directors. "Laurie
Ann is a trusted and growth-oriented leader with extensive
management experience in the consumer goods industry."
Cameron added, "Laurie Ann brings
the right mix of business and brand experience and has built
consumer affinity for some of the world's most iconic brands. We
are confident that her proven history of motivating global sales
teams, along with her strong operational and financial
capabilities, will empower our teams and accelerate our efforts to
guide Tupperware to sustainable, long-term growth."
"I am excited and energized to lead this iconic brand whose
innovative products are coveted by millions around the world," said
Goldman. "This is a tribute to the entrepreneurial and inventive
spirit of the wonderful teams that sell and create Tupperware and
its impressive retail partners. I can't wait to delight more
consumers with the celebrated products they trust and love."
Board Refreshment
Additionally, the Company has appointed Lori Bush, Paul
Keglevic and William Transier
to the Board of Directors. Bush's direct-sales marketing
experience, along with Keglevic's and Transier's financial and
operational leadership, will provide valued support for the
Company.
To enable the Board refreshment, Mark
Burgess, Meg Crofton,
Deborah Ellinger and James Fordyce have voluntarily stepped down from
the Board after providing significant support and counsel to
Tupperware. With these changes and the previously disclosed
departure of Richard Goudis, the
Board will be reduced to eleven directors, ten of whom will be
independent.
"Today marks a significant step forward for Tupperware, and I am
honored to welcome Lori, Paul and Bill to our Board of Directors,"
said Cameron. "We are grateful for the insights and dedication that
Mark, Meg, Deborah, and Jim brought to Tupperware to help us
achieve our goals and thank them for their considerable
contributions. With these new appointments, we are confident we are
adding tremendous expertise to the Board that will help us
accelerate our turnaround plan to meaningfully drive value creation
and long-term growth."
Financial Disclosure and Compliance Update
The Company filed its 2022 Annual Report on Form 10-K with the
Securities and Exchange Commission on Friday, October 13, 2023. As previously
disclosed, the Company is continuing to finalize its financial
close process for the first three quarters of 2023 and will
file its Quarterly Reports on Forms 10-Q for Q1, Q2 and Q3 of 2023
as promptly as possible.
About Laurie Ann
Goldman
Laurie Ann
Goldman has over 30 years of leadership and brand-building
experience leading and advising top consumer brands. Previously,
she served as Chief Executive Officer of Avon North America from
August 2018 to August 2019, Chief Executive Officer of Spanx
from 2002 to 2014, and most recently, as the Chief Executive
Officer of OVME Aesthetics. Before Spanx, she served in various
marketing and operational leadership roles at The Coca-Cola Company
for a decade. She also serves as an independent director on the
Board of European Wax Center, along with several private companies,
including Claire's, Cole Haan, Joe
& the Juice, Invited and 101 Studios. Goldman earned a B.S.
from the Moody School of Communication at the University of Texas at Austin.
About Lori
Bush
Lori Bush brings
over four decades of entrepreneurship and business leadership in
the consumer, professional healthcare and personal care products
industries. Bush most recently founded Solvasa in 2020. Previously,
she was President and Chief Executive Officer of Rodan & Fields
from 2007 to 2016 and served as President and Principal Owner of
The Gremlin Group from 2006 to 2007. Prior to that, she held
various leadership and marketing roles at Nu Skin Enterprises,
Johnson & Johnson Consumer Products Companies, Tsumura
International and Bio/Data Corporation for over two decades. Bush
currently sits on the Board of Directors for Ruby Ribbon, Topix and
Leo Holdings I, II, III, IV. She earned her B.S. from the
Ohio State University and her M.B.A.
from Temple University.
About Paul
Keglevic
Paul Keglevic
is an experienced leader and board member with deep expertise in
finance, transformation and operations. Keglevic was most recently
Chief Executive Officer of Energy Future Holdings, where he held
roles of increasing responsibility including Chief Risk Officer,
Chief Restructuring Officer and Chief Financial Officer since 2008.
Prior to that, he held various practice leadership positions and
was a partner at PricewaterhouseCoopers and Arthur Andersen.
Keglevic currently serves as a member of the Board of Directors for
Rite Aid, WeWork, Evergy and Envision Healthcare. Keglevic
received a BS in Accounting from Northern
Illinois University.
About William
Transier
Bill Transier
has over four decades of combined executive and board leadership
experience with strong financial and transformation expertise.
Transier founded and currently serves as Chief Executive Officer of
Transier Advisors since 2015. Previously, he was Co-founder and CEO
of Endeavour International Corporation from 2004 to 2015 and served
as Executive Vice President and Chief Financial Officer of Ocean
Energy from 1996 to 2003. Prior to Ocean Energy, Transier spent
nearly two decades as a partner at KPMG. He serves as a member of
the Board of Directors of Helix Energy Solutions Group,
Westinghouse Electronic Company and Altera Infrastructure Holdings.
Transier earned a B.B.A in Accounting from the University of Texas at Austin and an M.B.A from
Regis University.
Forward-Looking Statements
This release includes words like "will", "expects", "confident"
and other "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995, including with
respect to the timing of the filing of the Company's Quarterly
Reports on Forms 10-Q for Q1, Q2 and Q3 of 2023, and the timing and
success of the Company's turnaround plan and return to
growth. Such forward-looking statements are based on
assumptions about many important factors which could cause actual
results to differ materially from those in the forward-looking
statements, including risks identified in the Company's most recent
filing on Form 10-K and other SEC filings, all of which are
available on the Company's website. The Company does not undertake
to update its forward-looking statements unless otherwise required
by law.
About Tupperware Brands Corporation
Tupperware Brands Corporation (NYSE: TUP) is a global consumer
products company that designs innovative, functional and
environmentally responsible products that people love and trust.
Founded in 1946, Tupperware's signature container created the
modern food storage category that revolutionized the way the world
stores, serves and prepares food. Today, this iconic brand has more
than 8,500 functional design and utility patents for
solution-oriented kitchen and home products. With a purpose to
nurture a better future, Tupperware® products are an
alternative to single-use items. The company distributes its
products into nearly 70 countries, primarily through independent
representatives around the world. For more information, visit
Tupperwarebrands.com or follow Tupperware
on Facebook, Instagram, LinkedIn and Twitter.
Investors: investorrelations@Tupperware.com
Media: media@Tupperware.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/tupperware-brands-announces-ceo-transition-and-board-refreshment-301958827.html
SOURCE Tupperware Brands Corporation
