FRANKLIN PARK, Ill., Feb. 18 /PRNewswire/ — Dean Foods Company (NYSE: DF)
today announced that William McManaman has elected to resign as Chief
Financial Officer for personal reasons and will be leaving the Company as of
April 1, 2000. McManaman joined Dean Foods as Vice President of Finance and
Chief Financial Officer in 1995.
McManaman’s duties in the interim will be assumed by Richard Bailey,
President and Chief Operating Officer, and by William Luegers, Vice President
and Treasurer. Howard Dean, Chairman and CEO, said the Company would take
whatever amount of time is necessary to recruit a new Chief Financial Officer.
“In the meantime, we have in place a senior management team that will continue
to execute our financial objectives and strategies until a replacement is
named,” Dean said.
“We appreciate Bill’s many contributions to Dean Foods during his tenure
as Chief Financial Officer,” Dean said. “Bill McManaman has led the
development and implementation of our financial objectives and strategies and
has been an important member of our top management group.”
Dean Foods is one of the nation’s leading dairy processors and
distributors producing a full line of branded and private label products,
including fluid milk, ice cream and extended shelf life products, which are
sold under the Dean’s and other strong regional brand names. Dean Foods is
the industry leader in other food products including pickles, powdered
non-dairy coffee creamers, aseptically packaged foodservice products, and
refrigerated dips and salad dressings.
SOURCE Dean Foods Company
Company News On-Call: http://www.prnewswire.com/comp/109161.htmlor fax, 800-758-5804, ext. 109161
CONTACT: Howard M. Dean, Chairman and Chief Executive Officer, orRichard E. Bailey, President and Chief Operating Officer, both ofDean Foods Company, 847-678-1680