GMCR appoints three new directors

Green Mountain Coffee Roasters, Inc. (GMCR) has announced the appointment of three new Directors to its Board. John D. Hayes, Executive Vice President and Chief Marketing Officer of American Express; Susan Saltzbart Kilsby, Senior Advisor to Credit Suisse AG; and Robert A. Steele, former Vice Chairman, Healthcare Strategy for The Proctor & Gamble Company have been appointed to help guide the company to future growth. The appointments coincide with the retirement of two Board members, former President and CEO, Lawrence Blanford, and GMCR founder, Robert Stiller, who becomes Chairman Emeritus following his retirement from the Board. “John, Susan and Rob are terrific individual leaders with prestigious careers and significant global experience,” GMCR’s Chairman of the Board of Directors Norm Wesley said in a statement. “Each will be a tremendous asset to GMCR as we continue to drive single-serve beverage category expansion and pursue growth opportunities leveraging the strength of our Keurig brewing technology.” Mr. Steele’s appointment is effective 20June, 2013 and Mr. Hayes and Ms. Kilsby’s appointments will be effective 1 July, 2013. Mr. Stiller’s retirement was effective 19 June, 2013. Mr. Blanford’s retirement will be effective June 21, 2013. Upon Mr. Hayes and Ms. Kilsby’s appointments, GMCR’s Board of Directors will consist of 11 members, 10 of whom are independent.