Tupperware Brands Corporation (NYSE: TUP), executing on its planned succession process, announced today that its Board of Directors elected Patricia (Tricia) A. Stitzel to the position of President & Chief Executive Officer and nominated her for election to the Company’s Board of Directors, effective May 9, 2018. E.V.
(Rick) Goings will serve as Executive Chairman and focus on the successful transition and leadership of the Company’s purpose-centered initiatives.
Stitzel has served as the Company’s President & Chief Operating Officer since October 2016. Prior to this role, she served as Group President, Americas, and in leadership positions of increasing responsibility in Europe and the United Statessince joining the Company in 1997.
Goings has led the Company since 1992 and has served as its Chairman and Chief Executive Officer since 1997.
Commenting on her new role, Stitzel said, “I am grateful to the Board of Directors for its trust and confidence, and I am excited to lead this great Company into the future, supporting our important global purpose and executing on our strategic growth initiatives.
With our high-quality and innovative products, dedicated sales force of over 3 million people and experienced global leadership team, we are poised to build upon our strong foundation in capitalizing on new
Tag Archive for Rick Goings
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How Rick Goings Went From Dirt Poor To The CEO Of Tupperware
by Ted Nuyten • • 0 Comments
As CEO of Tupperware Brands, Rick Goings is a highly successful man. Now 71, he manages a company with more than $2 billion in annual sales and over 10,000 employees, and he is the organizer-in-chief of the iconic Tupperware parties.
But it wasn’t always that way. At 17, just as he finished high school, Goings’ life looked as though it wasn’t going anywhere great, he told me for my recently published book “Before I Was CEO.”
Due to a “troublesome situation at home,” he was living in a rooming house in Wheaton, Illinois, and sleeping in a chair that could be turned into a bed. College wasn’t on the radar: He simply couldn’t afford it.
Instead, Goings was going door to door in Wheaton and other Chicago suburbs selling Grolier Society encyclopedias. At least that
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Tupperware Reports Q2 2016 Results – Down 4% To $564.7 Million
by Nicole Dunkley • • 0 Comments
Tupperware Brands Corporation recently announced second quarter 2016 operating results. Rick Goings, Chairman and CEO, commented, “Though down 4% with a 7 point hit from exchange rates, we grew sales by 3% in local currency – the high end of our range, with significant contributions from Brazil, China, Malaysia/Singapore and Tupperware Mexico.”
Goings continued, “When we look at the success of our large businesses in Brazil, up 22% in dollars and 41% in local currency, and Tupperware Mexico, down 2% in dollars but up 16% in local currency, it is proof of concept that the fundamentals of our business can generate significant returns from our 3.1 million global sales force.
This is most significantly the case in the opportunity rich emerging markets, including through leverage from our Vision 20/20 core execution initiatives.
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American Express Features Tupperware
by Ted Nuyten • • 0 Comments
In a 2 minutes Turn around video American Express open features Tupperware.
“Tupperware on Expanding Your Customer Base Through Word of Mouth | American Express OPEN Forum”
How did Tupperware go from a fledgling startup with a confusing product to a household brand? For the first half of the 20th century, plastics had no place in the kitchen – the material was meant for industrial use.
So when Tupperware debuted the Wonderlier Bowl in 1946, no one understood what it was for. Two years later, all that changed. See how a saleswoman named Brownie Wise developed an early social strategy to expand and educate Tupperware’s customer base.
//www.youtube.com/watch?v=kIVskdnMsEU
About Tupperware
Tupperware Brands Corporation is the leading global marketer of innovative, premium products across multiple brands utilizing a relationship based selling method through an independent sales force
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Tupperware’s Winning Growth Strategy In Emerging Markets
by Ramya Chandrasekaran • • 0 Comments
Having Tupperware parties is apparently becoming cool once again. That is one of the key takeaways from the company’s third quarter report, which suggests more women around the globe are throwing parties to hawk the company’s latest kitchen gear.
Tupperware’s local currency sales numbers, which strip out the impact of the strong U.S. dollar, rose 7% in the third quarter from the prior year. Reported sales, which do reflect the dollar’s strength against foreign currencies, fell 11% in the quarter. On a local currency basis, in emerging markets — from which Tupperware derives about 70% of its sales — sales rose 11% owing to growth in Brazil, China and Indonesia. In particular, sales in China and Indonesia rose 18% and 12%, respectively.
Sales in North America increased 14% as the company’s number of active sellers rose by 20%.
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Tupperware Shares Jump Due To Overseas Markets And Sales Doing Better Than Expected
by Tina Williams • • 0 Comments
Tupperware Brands Corp. shares jumped as much as 7.5 percent after the maker of plastic containers said sales were improving in overseas markets.
Sales are tracking near the high end of its forecast for the third quarter, based on local currencies, the Orlando, Florida-based company said in a statement Wednesday. Its performance is rebounding in Indonesia, France and Italy, and growth in Argentina, Brazil, China, Mexico and South Africa remains strong despite economic challenges, Tupperware said.
“While we, like many other global consumer products companies are navigating through a volatile external environment, particularly in the emerging markets, we are pleased that two months into the quarter we are tracking toward the high end of our local currency sales outlook range,” Chief Executive Officer Rick Goings said in the statement.
The stock climbed as high as $52.74 in
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Tupperware Received Voice For Women Award
by Tina Williams • • 0 Comments
Tupperware Brands Corp. CEO Rick Goings and his wife, Susan, on Sept. 17 received the second annual Voice for Women award for exemplary commitment to women’s economic empowerment.
The couple received the award at the Alice Award Luncheon hosted by the Sewall-Belmont House & Museum.
“The Voice for Women Award recognizes those who consistently speak out about empowering women, and on issues that are important to women — Rick and Susan Goings embody the spirit of this award in everything they do,” said Page Harrington, executive director of the Sewall-Belmont House & Museum.
The Sewall-Belmont House & Museum also honored Sen. Barbara Mikulski with the Alice Award, which pays tribute to trailblazers who have made an outstanding contribution in breaking barriers and setting new precedents for women.
Goings said he was honored to receive the award and that it “only spurs our passion for the cause.”
“At Tupperware Brands, we’ve seen how confident and educated women reshape their communities, and we’re dedicated to helping more women achieve their dreams,” he said.
Orlando-based Tupperware (NYSE: TUP) is a global marketer of premium products across multiple brands through an independent sales force of 2.9 million.
Résumé
Work history: Mr. Goings was recruited to Avon Products in 1985, where he held a number of senior management positions. He joined Tupperware