Tupperware Brands Appoints Senior Vice President, Business Transformation

Nick Poucher to Oversee Operational and Financial Initiatives to Drive Enhanced Value

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Nov 05, 2018, 16:05 ET

ORLANDO, Fla., Nov. 5, 2018 /PRNewswire/ -- Tupperware Brands Corporation (NYSE: TUP) (the "Company") has appointed Nicholas ("Nick") K. Poucher, formerly Senior Vice President and Controller, to the newly created role of Senior Vice President, Business Transformation, effective today. He will report directly to President and CEO, Patricia Stitzel.

In his new role, Poucher will be responsible for driving execution of the transformation initiatives underway as part of Tupperware's Global Growth Strategy. In addition to shaping and overseeing existing projects, Poucher will work cross-functionally to identify new opportunities to realize growth and efficiencies across the organization, with the goal of achieving operational excellence that is effectively aligned with the Company's business model.

"I am delighted to announce Nick's appointment to this important new role," said Stitzel. "We are encouraged by the early progress we are making as part of our new Global Growth Strategy, and recognize there is even more work we can do to ensure successful outcomes and drive better results. I am confident that Nick will accelerate these efforts and ensure we deliver on our objectives. Nick's deep understanding of Tupperware's strengths and areas of opportunity, as well as his strong financial acumen and proven operational expertise make him well-suited for this position. The senior management team and I look forward to Nick's continued contributions as we create a more efficient and profitable Tupperware."

Stitzel continued, "Nick is an accomplished leader at Tupperware Brands, having served in various senior management roles including Vice President and Controller and Vice President and Chief Financial Officer of the Company's Europe, Africa, Middle East and Asia Pacific regions at different times, as well as serving at a unit-level. As Controller, he has used his extensive understanding of the Company's global business structure and his strong organizational and project management experience to improve the Company's analytical capabilities and drive efficiencies in its financial reporting process." Poucher joined the Company in 1990. He is a Chartered Professional Accountant in Canada, he received his bachelor of commerce degree from the University of British Columbia and he holds a master in business administration degree from the University of Chicago.

In connection with Poucher's appointment, the Company has appointed Madeline Otero as Vice President and Controller and designated her as the Company's principal accounting officer, also effective today. Ms. Otero has served as the Company's Vice President, Internal Audit and Enterprise Risk Management since November 2015 and prior to that, as its Vice President and Chief Financial Officer for its Beauticontrol business since January 2011. Otero first joined the Company in 2000, after having been an auditor with Ernst & Young, LLP. She is a Certified Public Accountant.

Poucher stated, "I am excited to take on this pivotal new business transformation role, and look forward to executing on our Global Growth Strategy to accelerate change and improve performance across the organization. My years serving Tupperware Brands in a variety of financial leadership positions at local, group and corporate levels have given me the solid foundation needed to help build our future." He added, "I am also looking forward to working with Madeline as she takes over the Controller function. I have worked with Madeline for many years, and have every confidence in her leadership. I am committed to ensuring a smooth transition."

About Tupperware Brands
Tupperware Brands Corporation, through an independent sales force of 3.1 million, is the leading global marketer of innovative, premium products across multiple brands utilizing social selling. Product brands and categories include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand and beauty and personal care products through the Avroy Shlain, Fuller Cosmetics, NaturCare, Nutrimetics and Nuvo brands.

The Company's stock is listed on the New York Stock Exchange (NYSE: TUP). Statements contained in this release, which are not historical fact and use predictive words such as "expects" or "will" are forward-looking statements. These statements involve risks and uncertainties such as those risks detailed in the Company's periodic reports as filed in accordance with the Securities Exchange Act of 1934, as amended.

SOURCE Tupperware Brands Corporation