Tupperware Appoints Laurie Ann Goldman as CEO and Sees its Stocks Rising by 8%

Tupperware made significant changes on Tuesday by naming Laurie Ann Goldman as its new CEO to address recent challenges. On Tuesday, the company’s shares rose by 8% to close at $2.18. However, it’s worth noting that the stock has experienced a 47% decline throughout the year, resulting in a market capitalization of just over $100 million.

Laurie Ann Goldman takes over as CEO following Miguel Fernandez, who held the position for only three years. Additionally, Tupperware has introduced three new members to its board, with Fernandez stepping down from his position, as mentioned in a company statement.

Goldman, the new CEO, previously served as the CEO of Avon North America and Spanx. Susan Cameron, Tupperware’s chair, expressed confidence in the appointment, stating, “Now is the right time to bring in new leadership, and Laurie Ann is exceptionally well-suited to advance our long-term strategy and accelerate growth.”

Earlier this year, Tupperware had cautioned its investors about its ability to continue as a viable business. The company faced difficulties in presenting its financial reports on time due to ongoing financial issues. In an August securities filing, Tupperware acknowledged the existence of “multiple prior period misstatements and material weaknesses in internal control over financial reporting.”

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