TreeHouse Foods Inc. said Monday it has named Steven Oakland as chief executive officer and president, effective March 26. Oakland, most recently vice chair and president, U.S. food and beverage at The J.M. Smucker Company , is replacing Sam Reed, who will serve as non-executive chairman of the board through July 1 before retiring. TreeHouse makes packaged foods and beverages at manufacturing facilities in the U.S., Canada and Italy, focusing on private label products for retail grocery and food away from home customers. TreeHouse shares were not yet active premarket, but have fallen 54% in the last 12 months, while the S&P 500 has gained 13%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News