Tupperware names Laurie Goldman new CEO, adds three to board amid turnaround (updated)

Tupperware Brands

17/10/2023 12:47

(Adds details on board in paragraph 2, new CEO in paragraph 3,
shares)
       Oct 17 (Reuters) - Tupperware Brands  TUP.N  on Tuesday
named consumer goods industry veteran Laurie Ann Goldman its new
CEO, replacing Miguel Fernandez effective immediately, as the
storage container maker looks to turn its struggling business
around. 
        The company also named three new directors to its board,
with a focus on financial and turnaround experience as well as
expertise on direct-sales marketing. 
  
        Goldman has previously held the top job at beauty
products firm Avon North America between 2018 and 2019, and
served as the CEO of shapewear maker Spanx from 2002 to 2014.
She has also held leadership roles at Coca-Cola  KO.N . 
  
        "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. 
  
        Shares of the company dropped more than 3% in premarket
trading. 
  
        
  

 (Reporting by Deborah Sophia in Bengaluru; Editing by Nivedita
Bhattacharjee)
 ((DeborahMary.Sophia@thomsonreuters.com;))