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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Dean Foods Company New | NYSE:DF | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.80 | 0 | 01:00:00 |
From May 2019 to May 2024
Dean Foods Co. on Thursday named Ralph Scozzafava as the company's new chief executive, taking over for Gregg Tanner on Jan. 1.
Mr. Scozzafava, who serves as chief operating officer, joined Dean Foods in 2014. He also will assume a seat on the company board.
Mr. Tanner has been CEO since 2012. He joined Dean Foods in 2007 and will remain as an adviser to the company through May.
Shares of the company remained flat in after-hours trading at $17.05.
Dean Foods struggled with a glut of milk in the second quarter, obliging the dairy giant to cut prices on the private-label products that make up much of its milk and ice-cream sales.
Even though consumers are paying less, they didn't buy more milk, contributing to what Dean Foods said last month was an 8.2% drop in second-quarter revenue to $1.85 billion.
Dallas-based Dean Foods also sold less milk because it diverted more supply to higher-margin, higher-priced branded lines like DairyPure milk products.
Write to Ezequiel Minaya at ezequiel.minaya@wsj.com
(END) Dow Jones Newswires
September 01, 2016 18:35 ET (22:35 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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