Franklin Street Properties (FSP) COO Plans Retirement Jul 25, 2014 02:59PM

Franklin Street Properties (NYSE: FSP) announced that Barbara J. Fournier has decided that, effective March 31, 2015, she will retire from FSP and resign her positions as the Company’s Executive Vice President, Chief Operating Officer, Treasurer and Secretary. In addition, Ms. Fournier has decided that she will not stand for re-election to the Board of Directors upon the conclusion of her term as a Class II director at the 2015 annual meeting of stockholders. Ms. Fournier is one of the Company’s original founders and has served on the Board of Directors since 2002.

George J. Carter, Chairman and Chief Executive Officer, said, “Since our founding in 1996, Barbara has contributed greatly to the strategic decisions that helped us achieve our many successes. She is consistently engaged in all the key decisions and operations of FSP: her advice and counsel will be greatly missed. We will miss Barbara upon her retirement and value her years of service greatly.”

Delta Air Lines (DAL) Adds Home Depot (HD) CEO Blake as Director Jul 25, 2014 11:54AM

Delta Air Lines (NYSE: DAL) announced Francis S. "Frank" Blake as its newest member, effective immediately. Blake serves as Chairman and CEO of The Home Depot (NYSE: HD), the world's largest home improvement retailer.

"Frank brings demonstrated success in leading a complex organization focused on improving shareholder returns through excellent customer service," said Daniel A. Carp, Delta's non-executive chairman of the board. "He will enhance the depth and range of Delta's already strong and independent board of directors, and we are delighted to have him."

Blake served as The Home Depot's Vice Chairman from October 2006 to January 2007 and as Executive Vice President – Business Development and Corporate Operations from 2002 through 2006. Previously, Blake served in a variety of executive positions at General Electric Company, including as Senior Vice President, Corporate Business Development in charge of all mergers, acquisitions, and dispositions worldwide. From June 2001 to February 2002, Blake was Deputy Secretary for the U.S. Department of Energy.

Blake also is a member of the Board of Directors of the Georgia Aquarium.

Blake received a bachelor's degree from Harvard University and a J.D. degree from Columbia University Law School.

Constellation Brands (STZ) Adds Ernesto Hernández as Director Jul 25, 2014 09:15AM

Constellation Brands (NYSE: STZ) that Ernesto M. Hernández, 56, president and managing director of General Motors de Mexico, S. de R.L. de C.V., has been elected to serve as a member of the board of directors effective as of the close of business on July 23, 2014.

"We are very pleased to welcome Ernesto to the board of directors and believe his experience with General Motors, a major multinational and Mexican consumer products company, will provide excellent guidance as Constellation continues to build its beer business," said Constellation's Chairman of the Board, Richard Sands. "We look forward to the contributions he will make to our organization."

Since June 2011, Hernández has served as president and managing director of General Motors de Mexico, a Mexican subsidiary of General Motors Company. Prior to that appointment he served as vice president and executive director of sales, service and marketing of General Motors de Mexico, having served in that role from April 2003 through May 2011. Hernández began his career with General Motors de Mexico in 1980 and has held numerous positions of growing responsibility within that company.

Also effective July 23, 2014, Paul Smith retired from the board. "I would like to thank Paul for his steady leadership and thoughtful guidance over the past 17 years. He has seen Constellation through incredible growth and change during his tenure, and we have valued the perspective and experience he brought to our board," said Sands.

Smith joined Constellation's board in 1997 and concluded his last term as a director as of the company's Annual Meeting of Stockholders on July 23, 2014.

Molson Coors Brewing (TAP) CEO Swinburn Announces Retirement; Successor Named Jul 25, 2014 09:01AM

Molson Coors Brewing (NYSE: TAP) announced that after a 40-year career in the beer business, Peter S. Swinburn, Chief Executive Officer and President, has decided to retire from the Company and its Board of Directors on December 31, 2014. The Board has named Mark R. Hunter, currently CEO and President of Molson Coors Europe and a 25-year industry veteran, CEO and President of Molson Coors, effective upon Mr. Swinburn’s retirement, at which time he will also join the Company’s Board. Mr. Swinburn, 61, who has served as Molson Coors’ CEO since 2008, will continue to lead the company until his retirement, working closely with the Board and Mr. Hunter to ensure a smooth transition.

Peter H. Coors, Chairman of the Board, said, “On behalf of the Board, I want to thank Peter for his extraordinary contributions over the past six years as our company’s CEO. Peter has personified the values, culture and performance that have become the hallmark of our organization and as a Board, we respect his decision to retire and appreciate his continued leadership through this transition. Peter has led the Company through a period of significant growth and change, with milestones that include the formation of the MillerCoors JV in the U.S., the acquisition of StarBev in Europe, and the development of additional strong and growing global brands. Simply put, we are a stronger, more global and more dynamic company today as a result of Peter’s influence.

“At the same time, we are excited that we have an executive of Mark’s caliber who can seamlessly step into the CEO role,” said Mr. Coors. “Mark is a true leader and brings a deep knowledge of all aspects of our business, as well as years of exceptional brand-building and commercial beer industry expertise. He is also recognized throughout our organization for his integrity and belief in the extraordinary people who make Molson Coors so successful. The Board is confident that Mark is the right person to lead us going forward and continue our strong momentum.”

Mr. Swinburn said, “It has been a privilege to be part of the Molson Coors organization for the past 12 years, and I am proud of all we have accomplished during my time here. Molson Coors has the right strategy in place, a strong financial foundation, and some of the most dedicated and talented leaders—like Mark Hunter—in the beer industry. I am confident that under Mark’s leadership, the Company’s best days are ahead. At the same time, it is business as usual at Molson Coors and we will remain focused on growing our brands and creating value for shareholders.”

Mr. Hunter remarked, “Molson Coors is extremely well-positioned for growth, with world-renowned brands, strong market share across key geographies, and the most talented and dedicated employees in the industry. I am grateful to the Board for its vote of confidence and look forward to working closely with them and with our management team over the coming months to ensure a seamless transition and execute on our strategy for growing brands and shareholder value.”

Mark Hunter Biography

Mr. Hunter, 51, most recently served as CEO and President of Molson Coors Europe since January 2013. Prior to this role, Mr. Hunter served as CEO and President of Central Europe since June 2012 and as CEO and President of MCBC UK from December 2007 until June 2012. Previously, from May 2005 to November 2007, he was Chief Commercial Officer for Molson Coors Canada, where he was responsible for all sales and marketing activities.

From 1997 to 2005, he served on the board of Bass Brewers Ltd. and Coors Brewers Limited (now MCBC UK) as Marketing Director. During such time, Mr. Hunter had accountability for the Bass Brewers brand portfolio including Carling plus business unit strategy and export development. From 1989 to 1997, Mr. Hunter held marketing leadership roles for Bass Brewers. Before joining Bass Brewers in 1989, he held sales positions with Hallmark Cards and Bulmers Drinks. Mr. Hunter holds a Bachelor Honours degree in Marketing and Business Administration from the University of Strathclyde in Glasgow, Scotland, where he was also awarded an Honorary Doctorate in 2009.

Herbalife (HLF) Taps Pepsi's (PEP) Alan Hoffman as EVP, Global Corporate Affairs Jul 25, 2014 08:28AM

Herbalife (NYSE: HLF) announced that it has appointed Alan L. Hoffman to the newly established role of Executive Vice President of Global Corporate Affairs reporting to Michael O. Johnson, Herbalife’s chairman and CEO. Hoffman will lead public policy, corporate communications, government affairs, community relations and philanthropy, effective August 25, 2014.

Hoffman brings over 20 years of public policy, communications and government affairs experience to the corporate affairs role. Presently, he serves as the Senior Vice President for Global Public Policy at PepsiCo (NYSE: PEP), where he oversees policy development, external relations and government relations. Hoffman has helped PepsiCo proactively develop and implement initiatives to support the company’s wide-ranging portfolio of products and drive value for its consumers, shareholders and communities. Before joining PepsiCo, he served as the Deputy Chief of Staff to Vice President Joseph Biden and Deputy Assistant to President Barack Obama.

Herbalife also today announced that Barbara Henderson will be retiring as its Senior Vice President of Global Corporate Communications. In 2013, she informed the company that she would like to retire at age 67, which prompted the search for a new executive. Henderson will assist with the transition and will remain President of the Herbalife Family Foundation.

“We are thrilled to welcome Alan to the Herbalife team,” said Johnson. “He brings an unparalleled level of experience to our senior team, and we are confident that he has the experience and credentials to help us powerfully communicate the value Herbalife brings to our consumers, members, shareholders and communities. Barb’s retirement, while bittersweet, has provided us an opportunity to take a fresh look at our organization to make sure our leadership structure best reflects the overall needs of the company and puts us in the strongest position going forward. After careful consideration, we determined that aligning our external affairs activities would benefit Herbalife and all of our stakeholders. We look forward to Alan’s contributions as we continue to advance our mission of helping people live healthier lives.”

“Herbalife benefits millions of people around the world and I am proud to join the team,” said Hoffman. “Herbalife has an enormously important mission of improving health and wellness around the globe and I look forward to ensuring that the public more clearly understands the critical role the company plays in advancing good nutrition. I also look forward to promoting the economic opportunities that this global nutrition company provides for hard-working people in communities everywhere.”

Johnson added, “On behalf of everyone at Herbalife, I want to thank Barb for her countless contributions to our company over the past 10 years. She has been instrumental in telling our important story around the world and has tirelessly communicated Herbalife’s vision, mission and values. While we will miss her in this role, we are excited that she will maintain her position as President of the Herbalife Family Foundation. She has made an important mark on our company, and we look forward to her continued contributions bringing good nutrition to vulnerable children.”

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