Cott Corp Names David G. Bluestein To Lead US Operations.TORONTO--(BUSINESS WIRE)--Sept. 14, 1998-- Cott Corporation (Nasdaq:COTTF) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BCB BCB Banco Central do Brasil (Brazil's central bank) BCB Borland C++ Builder BCB Bangladesh Cricket Board BCB Benzocyclobutene (low loss dielectric substrate) BCB Bumiputra-Commerce Bank BCB Broadcast Band .) (ME:BCB.) Cott Corporation, the world's largest supplier of retailer branded beverages, today announced the appointment of David G. Bluestein as President of its US operations, effective October 1st. Bluestein had been President of IFF 1. (file format) IFF - Interchange File Format. 2. IFF - Identify friend or foe (radar). 3. (mathematics, logic) iff - if and only if, i.e. necessary and sufficient. Flavors and a member of the board of parent company International Flavors and Fragrances International Flavors and Fragrances (IFF) is a major producer of flavors and fragrances with sales of $1.99 billion in 2005. Major competitors include Firmenich, Givaudan, Quest International and Symrise. , Inc. At Cott, Bluestein will oversee US operations as part of a major reorganization plan A scheme authorized by federal law and promulgated by the president whereby he or she alters the structure of federal agencies to promote government efficiency and economy through a transfer, consolidation, coordination, authorization, or abolition of functions. aimed at strengthening Cott's core North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. markets. The new US organization will be centered in Tampa, Florida “Tampa” redirects here. For other uses, see Tampa (disambiguation). Tampa is a United States city in Hillsborough County, on the west coast of Florida. It serves as the county seat for Hillsborough County.GR6. . Bluestein has also been elected a corporate Executive Vice President. "We are extremely fortunate to have David lead the 'New Cott' in the US, our largest and most important market," said Frank E. Weise III, President and Chief Executive Officer of Cott. "He has a proven strength in restructuring and repositioning businesses, streamlining operations and bringing tangible results to profits and revenues." Prior to heading IFF Flavors, a US$650 million business, Bluestein held senior management positions at Duracell International during that company's dramatic turnaround in the early 1990's. By 1994, Duracell's worldwide revenues had doubled, operating profits had tripled and Bluestein became President, North America. In that role, he reported directly to the President of Duracell International and was responsible for leading strategic initiatives that improved profits and increased market share amidst a very competitive environment. Before joining Duracell, Bluestein was VP/General Manager, USA, of the Fabric/Bodycare division of Colgate Palmolive. "David's impressive global leadership qualities in the highly acclaimed turnaround at Duracell demonstrate the skill and experience we are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. in the 'New Cott,'" added Weise. "The future of 'Cott Power' is in good hands with David in this key role." Bluestein currently resides in Ridgefield, Connecticut with his wife Rochelle. They have two grown children. Cott Corporation (1998 sales of C$1.48 billion) is the world's largest supplier of premium retailer branded beverages, with manufacturing, marketing, product development and customer service facilities in Canada, the United States, the United Kingdom, Continental Europe, Japan, Australia and Ireland. In June 1998, Cott's Board of Directors appointed Frank Weise as President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and, at the same time, the company received a significant investment from Thomas H. Lee, a Boston-based leading private equity firm. Weise has set a course to restructure and revitalize Cott with a sharp focus on the company's core markets in the US and Canada. This news release may contain forward-looking statements relating to the future performance of Cott. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company's filings with the appropriate securities commissions. Note to Editors: Photo of Mr. Bluestein available upon request.
CONTACT: Cott Corporation
Monica Ruthig, 416/203-3898
|
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion