Tupperware Brands (NYSE:TUP) stock advanced around 12% after the company announced the appointment of Laurie Ann Goldman as the food container seller’s new chief executive.
Goldman was previously chief executive of Spanx for twelve years, and, was also head of Avon North America.
She replaces outgoing Tupperware boss Miguel Fernandez who exits with immediate effect.
"Now 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," Tupperware chair Susan Cameron said in a statement.
"Laurie Ann is a trusted and growth-oriented leader with extensive management experience in the consumer goods industry."
"I am excited and energized to lead this iconic brand whose innovative products are coveted by millions around the world," Goldman added.
"This is a tribute to the entrepreneurial and inventive spirit of the wonderful teams that sell and create Tupperware and its impressive retail partners.
“I can't wait to delight more consumers with the celebrated products they trust and love."
Tupperware announced further board changes today with Lori Bush, Paul Keglevic and William Transier joining the board, whilst Mark Burgess, Meg Crofton, Deborah Ellinger, and James Fordyce voluntarily stepped down.
“With these new appointments, we are confident we are adding tremendous expertise to the Board that will help us accelerate our turnaround plan to meaningfully drive value creation and long-term growth,” Susan Cameron added.
In New York, Tupperware stock was up 13.3% for the session changing hands at $2.30.
The stock nonetheless remains some 43% lower for 2023 to date.