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Tupperware stock turns sharply higher after CEO Fernandez replaced after more than 3 years in the role

Clyde Edgerton by Clyde Edgerton
October 17, 2023
in Markets
Tupperware stock turns sharply higher after CEO Fernandez replaced after more than 3 years in the role
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Shares of Tupperware Brands Corp. TUP swung to a big rally in premarket trading Tuesday, after the food-storage container company said it was replacing Chief Executive Miguel Fernandez after 3 1/2-years in the role, effective immediately. The company named Laurie Ann Goldman as president, CEO and a board member, “to support the company’s continued turnaround strategy and execution.” Goldman was previously CEO of Avon North America and CEO of Spanx, and was most recently CEO of AVME Aesthetics. The stock was down as much as 4% minutes after the announcement, but was recently up 20.8%. Tupperware also announced a “board…

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Clyde Edgerton

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