Tupperware Brands Eliminates COO Position - Read why

• Tupperware Brands Corp (NYSE:TUP) disclosed in a regulatory filing that it is eliminating the position of the Chief Operating Officer (COO).
• Thus, Cassandra Harris’ employment with the company was terminated. Tupperware has entered into a waiver and release agreement with Harris.
• The company said the elimination of the post is a part of the organizational restructuring of its operations.
• She will receive benefits as provided in the Executive Severance Pay Plan.
• Price Action: TUP shares are trading lower by 1.92% at $6.12 on the last check Monday.