{"id":31006,"date":"2023-10-17T20:55:25","date_gmt":"2023-10-17T20:55:25","guid":{"rendered":"https:\/\/prosfunds.com\/investing\/tupperwares-stock-shoots-up-after-ceo-fernandez-replaced-board-refreshed\/"},"modified":"2023-10-17T20:55:26","modified_gmt":"2023-10-17T20:55:26","slug":"tupperwares-stock-shoots-up-after-ceo-fernandez-replaced-board-refreshed","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=31006","title":{"rendered":"Tupperware\u2019s stock shoots up after CEO Fernandez replaced, board \u2018refreshed\u2019"},"content":{"rendered":"
\n

Shares of Tupperware Brands Corp. got a big boost Tuesday, after the food-storage container company replaced Chief Executive Miguel Fernandez after 3 1\/2 years in the role, effective immediately.<\/p>\n

The company named Laurie Ann Goldman as CEO, to succeed Fernandez who was in the role since April 2020. Goldman was also named president and to the company\u2019s board of directors.<\/p>\n

\n

\u201cNow is the right time to bring in new leadership, and Laurie Ann is exceptionally well-suited to advance our long-term strategy and accelerate growth,\u201d said Susan Cameron, who chairs Tupperware\u2019s board of directors.<\/p>\n

Tupperware\u2019s stock
\n TUP,
\n +7.92%<\/bg-quote>
\n shot up 12.4% in morning trading, <\/p>\n

Goldman was previously CEO of Avon North America and CEO of Spanx, and was most recently CEO of AVME Aesthetics.<\/p>\n

\u201cLaurie Ann brings the right mix of business and brand experience and has built consumer affinity for some of the world\u2019s most iconic brands,\u201d Cameron said.<\/p>\n

Prior to Tuesday\u2019s rally, the stock had pulled back 20.8% in two days, after a three-day, \u201cmeme\u201d-like 117.9% rocket ride to a two-month high of $2.55 on Oct. 12.<\/p>\n

Also read<\/strong>: How \u2018left-for-dead\u2019 Tupperware became a buzzy trading play.<\/p>\n

Tupperware also announced a \u201cboard refreshment,\u201d as four current directors stepped down and three were added, including two with financial and operational experience and one with direct-sales and marketing experience.<\/p>\n

Despite the recent renewed investor interest in the stock, the company\u2019s troubles have left the stock down by about two-thirds in the past year, and down more than 90% from a post-COVID peak of $37.78 on Jan. 7, 2021.<\/p>\n

In the company\u2019s 2022 annual report filed on Oct. 13, the company reiterated its warning that there was \u201csubstantial doubt about its ability to continue as a going concern\u201d for at least one year, due to uncertainties about liquidity and ability to execute its transformation plan.<\/p>\n

The stock has rocketed 249.2% over the past three months but has plunged 68.3% over the past 12 months. In comparison, the S&P 500 index
\n SPX,
\n -0.01%<\/bg-quote>
\n has slipped 3.5% in the past three months and gained 18.7% in the past year.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Tupperware Brands Corp. got a big boost Tuesday, after the food-storage container company replaced Chief Executive Miguel Fernandez after 3 1\/2 years in the role, effective immediately. The company named Laurie Ann Goldman as CEO, to succeed Fernandez who was in the role since April 2020. Goldman was also named president and to […]<\/p>\n","protected":false},"author":1,"featured_media":31007,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[32],"tags":[],"class_list":{"0":"post-31006","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"\nTupperware\u2019s stock shoots up after CEO Fernandez replaced, board \u2018refreshed\u2019 | Prosfunds<\/title>\n<meta name=\"description\" content=\"Shares of Tupperware Brands Corp. got a big boost Tuesday, after the food-storage container company replaced Chief Executive Miguel Fernandez after 3 1\/2\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prosfunds.com\/?p=31006\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tupperware\u2019s stock shoots up after CEO Fernandez replaced, board \u2018refreshed\u2019 | Prosfunds\" \/>\n<meta property=\"og:description\" content=\"Shares of Tupperware Brands Corp. got a big boost Tuesday, after the food-storage container company replaced Chief Executive Miguel Fernandez after 3 1\/2\" \/>\n<meta property=\"og:url\" content=\"https:\/\/prosfunds.com\/?p=31006\" \/>\n<meta property=\"og:site_name\" content=\"Prosfunds\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-17T20:55:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-17T20:55:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/10\/1697576125_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/prosfunds.com\/?p=31006#article\",\"isPartOf\":{\"@id\":\"https:\/\/prosfunds.com\/?p=31006\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6\"},\"headline\":\"Tupperware\u2019s stock shoots up after CEO Fernandez replaced, board \u2018refreshed\u2019\",\"datePublished\":\"2023-10-17T20:55:25+00:00\",\"dateModified\":\"2023-10-17T20:55:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/prosfunds.com\/?p=31006\"},\"wordCount\":350,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/prosfunds.com\/#organization\"},\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/prosfunds.com\/?p=31006#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/prosfunds.com\/?p=31006\",\"url\":\"https:\/\/prosfunds.com\/?p=31006\",\"name\":\"Tupperware\u2019s stock shoots up after CEO Fernandez replaced, board \u2018refreshed\u2019 | Prosfunds\",\"isPartOf\":{\"@id\":\"https:\/\/prosfunds.com\/#website\"},\"datePublished\":\"2023-10-17T20:55:25+00:00\",\"dateModified\":\"2023-10-17T20:55:26+00:00\",\"description\":\"Shares of Tupperware Brands Corp. got a big boost Tuesday, after the food-storage container company replaced Chief Executive Miguel Fernandez after 3 1\/2\",\"breadcrumb\":{\"@id\":\"https:\/\/prosfunds.com\/?p=31006#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/prosfunds.com\/?p=31006\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/prosfunds.com\/?p=31006#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/prosfunds.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tupperware\u2019s stock shoots up after CEO Fernandez replaced, board \u2018refreshed\u2019\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/prosfunds.com\/#website\",\"url\":\"https:\/\/prosfunds.com\/\",\"name\":\"Funding Factories\",\"description\":\"Latest Finance News and Updates\",\"publisher\":{\"@id\":\"https:\/\/prosfunds.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/prosfunds.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/prosfunds.com\/#organization\",\"name\":\"Funding Factories\",\"url\":\"https:\/\/prosfunds.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png\",\"contentUrl\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png\",\"width\":780,\"height\":140,\"caption\":\"Funding Factories\"},\"image\":{\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png\",\"contentUrl\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/prosfunds.com\"],\"url\":\"https:\/\/prosfunds.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tupperware\u2019s stock shoots up after CEO Fernandez replaced, board \u2018refreshed\u2019 | Prosfunds","description":"Shares of Tupperware Brands Corp. got a big boost Tuesday, after the food-storage container company replaced Chief Executive Miguel Fernandez after 3 1\/2","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/prosfunds.com\/?p=31006","og_locale":"en_US","og_type":"article","og_title":"Tupperware\u2019s stock shoots up after CEO Fernandez replaced, board \u2018refreshed\u2019 | Prosfunds","og_description":"Shares of Tupperware Brands Corp. got a big boost Tuesday, after the food-storage container company replaced Chief Executive Miguel Fernandez after 3 1\/2","og_url":"https:\/\/prosfunds.com\/?p=31006","og_site_name":"Prosfunds","article_published_time":"2023-10-17T20:55:25+00:00","article_modified_time":"2023-10-17T20:55:26+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/10\/1697576125_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/prosfunds.com\/?p=31006#article","isPartOf":{"@id":"https:\/\/prosfunds.com\/?p=31006"},"author":{"name":"News Room","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6"},"headline":"Tupperware\u2019s stock shoots up after CEO Fernandez replaced, board \u2018refreshed\u2019","datePublished":"2023-10-17T20:55:25+00:00","dateModified":"2023-10-17T20:55:26+00:00","mainEntityOfPage":{"@id":"https:\/\/prosfunds.com\/?p=31006"},"wordCount":350,"commentCount":0,"publisher":{"@id":"https:\/\/prosfunds.com\/#organization"},"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/prosfunds.com\/?p=31006#respond"]}]},{"@type":"WebPage","@id":"https:\/\/prosfunds.com\/?p=31006","url":"https:\/\/prosfunds.com\/?p=31006","name":"Tupperware\u2019s stock shoots up after CEO Fernandez replaced, board \u2018refreshed\u2019 | Prosfunds","isPartOf":{"@id":"https:\/\/prosfunds.com\/#website"},"datePublished":"2023-10-17T20:55:25+00:00","dateModified":"2023-10-17T20:55:26+00:00","description":"Shares of Tupperware Brands Corp. got a big boost Tuesday, after the food-storage container company replaced Chief Executive Miguel Fernandez after 3 1\/2","breadcrumb":{"@id":"https:\/\/prosfunds.com\/?p=31006#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/prosfunds.com\/?p=31006"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/prosfunds.com\/?p=31006#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/prosfunds.com\/"},{"@type":"ListItem","position":2,"name":"Tupperware\u2019s stock shoots up after CEO Fernandez replaced, board \u2018refreshed\u2019"}]},{"@type":"WebSite","@id":"https:\/\/prosfunds.com\/#website","url":"https:\/\/prosfunds.com\/","name":"Funding Factories","description":"Latest Finance News and Updates","publisher":{"@id":"https:\/\/prosfunds.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/prosfunds.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/prosfunds.com\/#organization","name":"Funding Factories","url":"https:\/\/prosfunds.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/","url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png","contentUrl":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png","width":780,"height":140,"caption":"Funding Factories"},"image":{"@id":"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/image\/","url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png","contentUrl":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png","caption":"News Room"},"sameAs":["https:\/\/prosfunds.com"],"url":"https:\/\/prosfunds.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/31006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31006"}],"version-history":[{"count":1,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/31006\/revisions"}],"predecessor-version":[{"id":31008,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/31006\/revisions\/31008"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/media\/31007"}],"wp:attachment":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}