Beam Announces Election of Gretchen Price to Board of Directors
07/23/2012 – Deerfield, Ill. – Beam Inc. (NYSE: BEAM), makers of Jim Beam Bourbon, Canadian Club Whisky, Courvoisier Cognac and other leading spirits brands, today announced that Gretchen W. Price has been elected to its board of directors.
Ms. Price is executive vice president, chief financial and administrative officer at Arbonne International, LLC, a prestige personal care products company. She previously served as executive vice president, chief financial and administrative officer of Philosophy, Inc. and spent 31 years at Procter & Gamble in key finance, accounting and operations leadership roles. Among her positions at P&G, she led development and implementation of go-to-market strategy in international markets following the Gillette acquisition; ran global finance and accounting operations and had P&L responsibility for emerging markets; led global treasury, M&A and investor relations functions as vice president and treasurer; and was vice president of internal audit. Ms. Price serves on the board of Cincinnati Financial Corporation, and is a graduate of the University of Kentucky.
“Gretchen brings to our board an outstanding blend of consumer, finance and operations experience, and I am confident her insights will serve the board, our management and our shareholders very well,” said David Mackay, chairman of the board of Beam. “On behalf of her fellow directors, I’m delighted to welcome Gretchen to the Beam board.”
Ms. Price’s election increases the size of the board to eight members.
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