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Green Mountain (GMCR) Surges on International Expansion Moves

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Green Mountain Coffee (GMCR) Enters Offer Letter for International Execs

October 17, 2012 11:09 AM EDT

October 15, 2012, Green Mountain Coffee Roasters, Inc. (Nasdaq: GMCR) entered into an offer letter with Gerard Geoffrion, age 60, pursuant to which Mr. Geoffrion will serve as the Company's President, International Business Development effective immediately.

Mr. Geoffrion has most recently served as President, GMCR Canada Holding, Inc. and President, Canada Business Unit. In his new role, Mr. Geoffrion will lead the exploration of business opportunities outside North America. Pursuant to the terms of the Geoffrion Offer, Mr. Geoffrion will work for the Company on a full-time basis and will receive an annual base salary of... More