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Kellogg makes board changes
Kellogg has elected Stephanie Burns, Ph.D., retired chairperson and CEO of Dow Corning Corporation, and La June Montgomery Tabron, president and CEO of the W.K. Kellogg Foundation, to the company’s board of directors.
"Stephanie and La June bring a wealth of experience and leadership from both the business and the philanthropic sectors," said chairman Jim Jenness. "We are proud to welcome these forward-thinking innovators to our board."
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Pantry shareholders group expresses concern
Houston - Concerned Pantry Shareholders (CPS), a group led by JCP Investment Management LLC and Lone Star Value Management LLC, together a significant shareholder of The Pantry Inc. has sent an open letter to the shareholders of The Pantry. The letter highlights what CPS terms the prolonged underperformance at The Pantry and the critical need for significant change in the company's board of directors.