Wm. Wrigley Jr.
The iconic candy and gum maker now has two captains steering the ship. In October, Bill Perez succeeded fourth-generation scion Bill Wrigley as CEO, the first non-relation to get the job in the company’s 116-year history. Wrigley is staying on as executive chairman with Perez at a pivotal time for the company as it continues its transformation from a gum maker to a broader candy business. During Wrigley’s eight-year tenure as CEO, he reshaped the company with acquisitions such as the Altoids and Life Savers brands in 2005, and, more recently, the purchase of chocolate maker A. Korkunov, the Godiva of Russia. He introduced 80 products around the globe in 2006, vs. only a handful in 2000. Sales have grown from around $2 billion to nearly $5 billion in that time. Now Bill P. and Bill W.—as they’re known at Wrigley—want to continue to expand their global reach into candies and chocolate. Meanwhile, they can’t let their guard down in their core gum business, where Cadbury Schweppes, owner of Trident, is making for sticky competition.
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|Total Return||Past 12 Months|
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|Economic Sector||Consumer Staples|
|Industry||Packaged Foods & Meats|