ORLANDO, FLA, January 3, 2002-- Tupperware Corporation (NYSE:TUP) announced today the retirement of Alan D. Kennedy, 70, the Company's president since 1998, and the appointment of two group presidents. R. Glenn Drake, 49, has been named group president, North America, Europe, Africa and the Middle East, and Gaylin L. Olson, 56, has been named group president, Latin America and Asia Pacific. Previously, Drake was president of North America and Olson was president of Latin America. In their new roles, Drake and Olson will report to Rick Goings, 56, chairman and chief executive officer. The president of Europe, Africa and the Middle East will report to Drake, and the president of Asia Pacific will report to Olson.
Drake has been associated with Tupperware for over 30 years, serving as an independent distributor and subsequently as an employee. Since becoming an employee in 1984, Drake has been in a variety of roles including managing director of Spain and Canada, and since February 2000, president of North America. Drake has been instrumental in the development and implementation of the Company's integrated direct access (IDA) channels that include mall showcases, retail access points, Internet sales and television shopping, and strategies that have dramatically grown the size of the U.S. sales force over the last year.
Olson's Tupperware career has also spanned over 30 years. Olson joined the Company as an employee in 1981, after being an independent distributor. In the past 20 years, Olson has been in several roles including president of U.S. sales, president of Asia Pacific and senior vice president, emerging markets, prior to becoming president of Latin America in 1998. During his tenure as president of Latin America, the Company has successfully embarked on a multi-category, multi-catalog strategy, including the launch of BeautiControl in Mexico, and restructured the region's smaller markets through the implementation of an importing model that dramatically improved profitability and positioned the markets for sales growth.
"We've taken the opportunity to accelerate the implementation of our successful IDA channels in the mature markets of Western Europe. Glenn Drake has demonstrated in North America, the leadership to adapt and implement these channels quickly and in ways that build the confidence of our sales force. He will bring these skills and experience to his new role as he works with our European management team," said Rick Goings.
"Similarly, Gaylin Olson's experience throughout Tupperware, and most recently in the Latin America markets where we emphasize the power of our direct selling channel by giving our large sales force the opportunity to sell a variety of products through a variety of categories, is a key to how we will make progress going forward in the Asia Pacific markets that have similar characteristics," Goings continued. "I'd also like to thank Alan Kennedy for all of his contributions during his four years with us and look forward to the benefit of his counsel in a consulting role in the future," said Goings.
Tupperware Corporation, a $1.1 billion multinational company, is one of the world's leading direct sellers, supplying premium food storage, preparation and serving items to consumers in more than 100 countries through its Tupperware brand. In partnership with more than 1 million independent sales consultants worldwide, Tupperware reaches consumers through informative and entertaining home parties; retail access points in malls and other convenient venues including SuperTarget and Kroger stores; corporate and sales force Internet web sites; and Home Shopping NetworkSM. Additionally, premium beauty and skin care products are brought to customers through its BeautiControl brand in North America, Latin America and the Philippines. Consumers can access the brands' web sites at www.tupperware.com and www.beauticontrol.com. Tupperware stock is listed on the New York Stock Exchange (NYSE: TUP).