Vermont Business Magazine Following an executive shakeup involving its chief technology officer, Waterbury-based coffee company Keurig Green Mountain (NASDAQ: GMCR)issued this statement:“Kevin Sullivan, formerly Keurig’s Chief Technology Officer, remains with the company and has no plans to leave. Over the past 15 months, Kevin and Brian Kelley, Keurig’s President and CEO, have been working closely together to shift Kevin’s responsibilities at his request. Kevin will now focus exclusively on critical technology initiatives for the company. In April 2015, following a comprehensive search to find the best candidate to serve as Keurig’s Chief Technology Officer, Mark Choe assumed the position, joining Keurig from Whirlpool Corporation. Since Mark began in his role, he and Kevin have been working closely together to ensure a seamless transition. There has been no shake-up in our R&D division.”
Keurig's stock price has slid over the last several months and fell another $5 since the opening bell Monday to $111.61 Tuesday morning. Its 52-week range is $90.35- $158.87. Shares peaked last November and have not been this low in almost a year.
The company will issue its financial results following the close of the financial markets May 6.
Keurig's fiscal second quarter 2015 earnings call for investors and financial analysts will be webcast onWednesday, May 6, 2015at5pm ETatwww.keuriggreenmountain.comin the "Investors" section under "Events and Presentations."
The webcast will be archived for replay following the conclusion of the live event. Individuals who prefer not to use the internet for either the live call or the replay can call Keurig'sInvestor Services Department, (802) 488-2559, to make alternate arrangements to hear the live call or the replay by telephone throughSunday, May 10, 2015.
Source: Keurig. 5.4.2015