Beam Inc. (NYSE: BEAM), a leading global premium spirits company, today announced that Gretchen W. Price has been elected to its board of directors.
Ms. Price is executive vice president, chief financial and administrative officer at Arbonne International, LLC, a prestige personal care products company. She previously served as executive vice president, chief financial and administrative officer of Philosophy, Inc. and spent 31 years at Procter & Gamble in key finance, accounting and operations leadership roles. Among her positions at P&G, she led development and implementation of go-to-market strategy in international markets following the Gillette acquisition; ran global finance and accounting operations and had P&L responsibility for emerging markets; led global treasury, M&A and investor relations functions as vice president and treasurer; and was vice president of internal audit. Ms. Price serves on the board of Cincinnati Financial Corporation, and is a graduate of the University of Kentucky.
“Gretchen brings to our board an outstanding blend of consumer, finance and operations experience, and I am confident her insights will serve the board, our management and our shareholders very well,” said David Mackay, chairman of the board of Beam. “On behalf of her fellow directors, I’m delighted to welcome Gretchen to the Beam board.”
Ms. Price’s election increases the size of the board to eight members.About Beam Inc. As one of the world’s leading premium spirits companies, Beam is Crafting the Spirits that Stir the World. Consumers from all corners of the globe call for the company’s brands, including Jim Beam Bourbon, Maker's Mark Bourbon, Sauza Tequila, Pinnacle Vodka, Canadian Club Whisky, Courvoisier Cognac, Teacher's Scotch Whisky, Cruzan Rum, Hornitos Tequila, Knob Creek Bourbon, Laphroaig Scotch Whisky, Kilbeggan Irish Whiskey, EFFEN Vodka, Pucker Flavored Vodka, Larios Gin, Whisky DYC, DeKuyper Cordials, and Skinnygirl Cocktails. Beam is focused on delivering superior performance with its unique combination of scale with agility and a strategy of Creating Famous Brands, Building Winning Markets and Fueling Our Growth. Beam and its 3,200 passionate associates worldwide generated 2011 sales of $2.8 billion, volume of 34 million 9-liter cases and some of the industry’s fastest growing innovations.