Sales: $293 million
Note: $293 million (estimated) for beauty products. Corporate sales: $1.8 billion
Key personnel: Miguel Fernandez, president and chief executive officer; William Wright, executive vice president, Product Innovation and Supply Chain; Cassandra Harris, chief financial officer; Patricio Cuesta, executive vice president & president, Commercial, Worldwide; Marco Brandolini, vice president, Commercial for Europe, the Middle East and Africa (EMEA); Luis Vazquez, senior vice president, Sales & Marketing; Hector Lezama, senior vice president, Expansion & Turnaround Markets; Beatriz Díaz de la Fuente, chief human resources officer (CHRO)
Major products: Avroy Shlain, Fuller Cosmetics, NaturCare, Nutrimetics and Nuvo brands
New products: Nutrimetics Nutri-Rich line exfoliating hand cream andbody moisturizing gel; Crème lip pencils (relaunch) and Silk Crème lipstick range; Ultra-Care expansion; Iryna vegan skin care; Nutrimetics Restore line; Ivana fragrance expansion; CF Color Fun; Face RX serum; Vita Clear anti-acne system; Fuller Mexico Hello Kitty fifth anniversary fragrance; Avroy Shlain #We Are Us unisex fragrance; Avroy Pure Face.
Comments: Personnel changes have been big at Tupperware so far for the year, kicked off with E.V. (Rick) Goings, chairman emeritus of Tupperware Brands, retiring from the board, effective Feb. 19, 2020.
“Leaving the Tupperware Brands board will allow me to focus on my philanthropic work, especially as chairman and co-founder of the World Federation of Youth Clubs, which supports youth service organizations around the world,” said Goings.
“We would like to thank Rick for his service and leadership at Tupperware,” said Susan M. Cameron, chairman, Tupperware Brands. “Rick has been a visionary leader at the company, and we look forward to following his next chapter as he turns his focus to his valuable philanthropic work.”
Tupperware’s board appointed Miguel Fernandez as president and chief executive officer, effective April 6. He was the former global president of Avon Products Inc.
The board also welcomed Richard Goudis as executive vice chairman, effective March 12, 2020. He is the former chief executive officer of Herbalife Nutrition Ltd.
Following months of organization design work with a leading management consulting firm, Fernandez took the first steps to execute upon the planned restructure of Tupperware in April 2020. According to the company, the new organization structure allows the company’s leadership team to acutely focus on stabilizing the core business, concentrating on its largest countries, sharing best practices across its portfolio of markets and accelerating customer and sales force acquisition and activity levels, while also improving the efficiency of all operations by separating the commercial functions from the back-office functions. This structure is intended to turnaround the financial performance of the business as Tupperware Brands develops and implements a more aggressive growth strategy in the years ahead.
According to the brand, a handful of new executive hires will bring the necessary skills and experience to help execute the turnaround plans in the near-term and its growth strategies for the long-term.
Most immediately, these new leaders will make an impact by helping the organization adapt quickly to navigate the current circumstances surrounding COVID-19 and the business trends experienced in 2019, said Tupperware.