Teamsters Remain Committed to Finding Comprehensive Fix to Hostess Woes as New CEO Is Announced

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International Brotherhood of Teamsters

Mar 09, 2012, 11:20 ET

Teamsters Vice President Hall Statement Regarding Rayburn Appointment to CEO

WASHINGTON, March 9, 2012 /PRNewswire-USNewswire/ -- Teamsters Union Vice President Ken Hall issued a statement today regarding the announcement by Hostess Brands Inc. that Greg Rayburn has been appointed CEO following the resignation of Brian Driscoll:

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"While this development was unexpected, we continue to work with the company, and now Mr. Rayburn, toward a negotiated resolution that will allow the company to emerge successfully from bankruptcy.

"Obviously the situation with Hostess has been and remains extremely challenging, but as we have said before, we are committed to finding a comprehensive fix to the company's challenges that works for our members.

"We have negotiations with Hostess and relevant stakeholders scheduled over the next two weeks to work toward that goal."

Founded in 1903, the Teamsters Union represents 1.4 million hardworking men and women throughout the United States, Canada and Puerto Rico, including more than 7,500 route sales representatives, drivers and other employees at Hostess Brands Inc. Visit www.teamster.org for more information. Follow us on Twitter @TeamsterPower.

SOURCE International Brotherhood of Teamsters