Gadi Lesin, President & CEO of Strauss Group, Announced Today the Appointment of Todd Morgan as CEO of Strauss Coffee and Member of the Group Management Team.

TEL AVIV, Israel, Nov. 7, 2010 /PRNewswire/ -- Gadi Lesin, President & CEO of Strauss Group, said today: "Todd Morgan has served as Interim CEO of Strauss Coffee since June and I am pleased that he has accepted our offer to become the permanent CEO. Todd has broad global business experience, and I am confident that his understanding of Strauss Coffee, its partners and challenges, will enable him to deliver Strauss Coffee's growth and expansion objectives, and contribute significantly to Strauss Group as a whole."

In recent years, Todd Morgan has been a member of Strauss Coffee's Board of Directors on behalf of TPG (which holds 25% of Strauss Coffee), and he is also a member of the Tres Coracoes Board, Strauss Coffee's joint venture in Brazil. He joined TPG Capital in 2004, where he served as a Director in the Operating Group.

Mr. Morgan has undertaken a range of senior leadership and executive roles across various industries and continents, including acting as  the interim chief executive of the technical products division of a major European specialty chemical business.  Prior to joining TPG Capital, Mr. Morgan worked with another private equity group, and  also was a strategy consultant with McKinsey. 

Todd Morgan, married with 3 sons, lives in London. He holds a B.A. in economics from Northwestern University, and an MBA from Northwestern University's Kellogg Graduate School of Management.

About Strauss Coffee of the Strauss Group:

One of five companies affiliated to Strauss Group and operating in 12 countries, Strauss Coffee is currently the fifth-largest coffee company in the world in terms of green coffee procurement and one of the world's fastest growing coffee companies over the past seven years. Strauss Coffee employs 5,500 people, and its turnover totaled NIS 3.35 billion at the end of 2009.

Strauss Coffee's activities focus on the R&G (Roast & Ground) sector and other coffee related products, providing coffee solutions to both the in-home and away from home markets, namely coffee shops, restaurants, hotel and offices.  The Company enjoys a leading position in the coffee markets in Central and Eastern Europe, Brazil and Israel; and is ranked as the Number 1 or 2 player in all markets where it operates.

To visit at our website:  http://www.strauss-group.com

SOURCE Strauss Group

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