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Showing posts from November 12, 2012

Peet's coffee hires new CEO

By Debbie Cai The Wall Street Journal November 12, 2012 Peet's Coffee & Tea Inc. named   Weight Watchers International   Inc.   executive David Burwick as its new chief executive and president, just weeks after the struggling coffee seller was taken private. Mr. Burwick will succeed Patrick O'Dea, who is stepping down after more than a decade as Peet's president and CEO. Mr. O'Dea will continue as a member of the board. Mr. Burwick, who most recently served as president of North America for Weight Watchers, has more and two decades of experience in beverage and retail operations. Before Weight Watchers, he served in senior roles at   PepsiCo   Inc. Mr. Burwick's appointment is effective Dec. 31. Peet's was taken private two weeks ago by German investment group Joh. A. Benckiser for about $1 billion. The company, which is focused on the bagged-coffee segment, has struggled with higher coffee-bean costs in recent months. Peet's has a...