Tupperware shares surge after company replaces CEO, shuffles board
Publishing timestamp: 2023-10-17 12:53:33
Summary
Tupperware has appointed Laurie Ann Goldman as its new CEO and made changes to its board in an attempt to turn around its struggling business. Shares of Tupperware surged 13% following the announcement. However, the stock is down more than 40% this year and the company has faced ongoing financial struggles, including multiple prior period misstatements and material weaknesses in internal control over financial reporting. The appointment of new leadership is seen as an effort to advance the company's long-term strategy and accelerate growth.
Sentiment: MIXED
Tickers: TUP,
Keywords: business news, breaking news: business, tupperware brands corp, retail industry, business,
Source: https://www.cnbc.com/2023/10/17/tupperware-replaces-ceo-shares-surge.html