Keurig Green Mountain (NASDAQ: GMCR) Responds to Speculation About Changes to the R&D and Engineering teams:
May 04 2015 - 2:19PM
Business Wire
“Kevin Sullivan, formerly Keurig’s Chief Technology Officer,
remains with the company and has no plans to leave. Over the past
15 months, Kevin and Brian Kelley, Keurig’s President and CEO, have
been working closely together to shift Kevin’s responsibilities at
his request. Kevin will now focus exclusively on critical
technology initiatives for the company. In April 2015, following a
comprehensive search to find the best candidate to serve as
Keurig’s Chief Technology Officer, Mark Choe assumed the position,
joining Keurig from Whirlpool Corporation. Since Mark began in his
role, he and Kevin have been working closely together to ensure a
seamless transition. There has been no shake-up in our R&D
division.”
About Keurig Green Mountain, Inc.
As a leader in specialty coffee, coffee makers, teas and other
beverages, Keurig Green Mountain (Keurig) (NASDAQ: GMCR), is
recognized for its award-winning beverages, innovative brewing
technology, and socially responsible business practices. The
Company has inspired consumer passion for its products by
revolutionizing beverage preparation at home and in the
workplace. Keurig supports local and global communities
by investing in sustainably-grown coffee and by its active
involvement in a variety of social and environmental projects. By
helping consumers drink for themselves, we believe we can brew a
better world. For more information
visit: www.KeurigGreenMountain.com. To
purchase Keurig® products
visit: www.Keurig.com or www.Keurig.ca.
Keurig routinely posts information that may be of
importance to investors in the Investor Relations section of its
website, www.KeurigGreenMountain.com, including news releases
and its complete financial statements, as filed with the SEC.
The Company encourages investors to consult this section of its
website regularly for important information and news. Additionally,
by subscribing to the Company's automatic email news release
delivery, individuals can receive news directly
from Keurig as it is released.
Keurig Green Mountain Forward-Looking Statements
Certain information in this press release constitutes
"forward-looking statements." Forward-looking statements can be
identified by the fact that they do not relate strictly to
historical or current facts. They often include words such as
"believes," "expects," "anticipates," "estimates," "intends,"
"plans," "seeks" or words of similar meaning, or future or
conditional verbs, such as "will," "should," "could," "may,"
"aims," "intends," or "projects." However, the absence of these
words or similar expressions does not mean that a statement is not
forward-looking. These statements may relate to: the expected
impact of raw material costs and our pricing actions on our results
of operations and gross margins, expected trends in net sales and
earnings performance and other financial measures, the expected
productivity and working capital improvements, the success of
introducing and producing new product offerings, the impact of
foreign exchange fluctuations, the adequacy of internally generated
funds and existing sources of liquidity, such as the availability
of bank financing, the expected results of operations of businesses
acquired by us, our ability to issue debt or additional equity
securities, projections for future capital expenditures, our
expectations regarding purchasing shares of our common stock under
the existing authorizations, projections of payment of dividends,
the impact of pending shareholder litigation, and the impact of
antitrust litigation pending against the Company in the United
States and Canada. A forward-looking statement is neither a
prediction nor a guarantee of future events or circumstances, and
those future events or circumstances may not occur. Management
believes that these forward-looking statements are reasonable as
and when made. However, caution should be taken not to place undue
reliance on any such forward-looking statements because such
statements speak only as of the date when made. We expressly
disclaim any obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. In addition, forward-looking statements are subject
to certain risks and uncertainties that could cause actual results
to differ materially from our historical experience and our present
expectations or projections. These risks and uncertainties include,
but are not limited to, those described in Part I, "Item 1A. Risk
Factors" and Part II "Item 7. Management's Discussion and Analysis
of Financial Condition and Results of Operations" in our fiscal
2014 Annual Report filed on Form 10-K, elsewhere in that report and
those described from time to time in our future reports filed with
the Securities and Exchange Commission.
Keurig Green Mountain, Inc.Media:Suzanne DuLong,
781-418-8075pr@keurig.comORInvestors:Kristi Bonner,
646-762-8095investor.services@keurig.com
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