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Keurig-maker brews board changes

WATERBURY, Vt. — Green Mountain Coffee Roasters has implemented several changes to its board of directors.

GMCR has elected Norman H. Wesley as its new chairman of the board and appointed former Kellogg Company head A. D. “David” Mackay as an independent director. Michael J. Mardy, who had previously served as interim chairman, will continue in his role as audit committee chair.

“I am honored to assume the chairmanship of such an innovative and dynamic company and would like to formally thank Mike Mardy for undertaking that responsibility on an interim basis. Our board also is pleased to welcome David Mackay, a highly accomplished executive, to the board. It remains clear to our entire board that GMCR is executing against a substantial opportunity, and the new leadership on the board, and recently appointed CEO, Brian Kelly, positions the company for success.”

Mackay’s term as director will expire at the company’s 2014 Annual Meeting, at which time he will stand for election by shareholders. His addition expands GMCR’s board to ten members, eight of whom are independent. Mackay served as the CEO of Kellogg Company from December 2006 to January 2011 and as its president from August 2003 to January 2011. Prior to heading Kellogg, he served as its COO from 2003 to 2006.

In addition to his rich consumer product background Mackay brings significant international experience to the board of GMCR, derived from his roles at Kellogg Australia, United Kingdom and Republic of Ireland, as well as his role as managing director of Sara Lee Bakery in Australia. He is currently the non-executive chairman of Beam, Inc., serves on the board of directors of Fortune Brands Home & Security, Inc., and Woolworths Ltd. Australia. He previously served as a director of Kellogg Company and of Fortune Brands, Inc.

“Through its ability to marry consumer insight and real innovation, GMCR has driven extraordinary growth in the coffee category and I believe the company can further leverage its single-serve expertise to drive additional category expansion and opportunity. There is no doubt in my mind that the company has a unique platform, a strong connection with the consumer and a great opportunity to deliver on its financial goals. I look forward to getting to know my fellow directors and collectively focusing on the long-term operating success of the company,” added Mackay.

 

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