Web Sify
Follow us on

News Summary: Green Mountain Coffee names new CEO

Source : AP
Last Updated: Tue, Nov 20, 2012 17:45 hrs

: Green Mountain Coffee Roasters Inc. named Coca-Cola executive Brian Kelley as its new CEO. Kelley, 51, will also become president and join the board, effective Dec. 3.

RETIREMENT: The Waterbury, Vt., company's current CEO, Lawrence Blanford, said in February that he planned to retire.

THE CHALLENGES: The coffee company is dealing with slowing sales growth. A pioneer of single-serve coffee in the U.S. with its Keurig machines, Green Mountain Coffee grew quickly on their popularity. But the company has struggled as patents on technology for its K-Cups expired and competitors released their own single-serve coffee makers.

More from Sify:
blog comments powered by Disqus
  Cities   Price (10g)
  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
talking point on sify finance