WASHINGTON (dpa-AFX) - Tupperware Brands Corp. (TUP) Wednesday said that its CFO Michael Poteshman plans to retire after serving 25 years with the company.
Poteshman will continue in his role until March 1, 2019, following the xompany's fiscal year 2018 financial closing process.
Tupperware has initiated a search to identify the next CFO and will consider both internal and external candidates with the assistance of Spencer Stuart, a executive search firm.
Poteshman joined Tupperware's former parent company, Premark International, Inc. in 1993 and following the company's spin-off in 1996, he served in various roles including as Controller, head of Investor Relations, Treasurer, and as a Group CFO in Europe before becoming CFO in November 2003.
'As Tupperware's CFO for nearly 15 years, and in his various financial roles at the Company prior to that, Mike has been an integral member of our leadership team. His contributions to the Company are many and far-reaching,' said President and CEO Patricia Stitzel.
Poteshman said, 'It has been a privilege to work alongside the talented and dedicated team at Tupperware for much of my career. I have great confidence in Tricia and the management team's ability to achieve its strategic and financial goals, and believe the Company is well-positioned to capitalize on opportunities for value creation well into the future.'
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