24.05.2007 15:51:00
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Wm. Wrigley Jr. Company Declares Dividend and Elects New Officer
CHICAGO, May 24 /PRNewswire-FirstCall/ -- At its regularly scheduled meeting held today, the Board of Directors of the Wm. Wrigley Jr. Company declared a regular dividend of $0.29 on each share of Common Stock and each share of Class B Common Stock for the three-month period beginning August 1, 2007. These dividends are payable on August 1, 2007 to stockholders of record of each class of stock outstanding at the close of business on July 13, 2007.
In other action, the Board also elected Max Grishakov, Vice President and General Manager -- Wrigley Russia, as an officer of the Company.
Since 2004, Grishakov has led Wrigley's rapidly growing Russian business and leveraged his marketing background to weave Wrigley brands into the fabric of every day life in Russia. Under his leadership, Wrigley has become a leading confectioner in this strategic marketplace and driven volume increases that have made Russia Wrigley's third largest marketplace behind the U.S. and China.
"Max is a valued member of our leadership team," said Igor Saveliev, Group Vice President and Managing Director -- East/South Europe. "Since joining the Company in 1997, he has demonstrated strategic thinking and a focus on innovation. His experience, leadership skills and vision for Wrigley's future will be substantial assets in his new role as an officer of the Company."
About Wrigley
The Wm. Wrigley Jr. Company is a recognized leader in confections with a wide range of product offerings including gum, mints, hard and chewy candies, lollipops, and chocolate. The Company reported global sales of nearly $4.7 billion last year and distributes its world-famous brands in more than 180 countries. Three of these brands -- Wrigley's Spearmint(R), Juicy Fruit, and Altoids -- have heritages stretching back more than a century. Other well-loved brands include Doublemint, Life Savers(R), Big Red(R), Boomer(R), Pim Pom(R), Winterfresh, Extra, Freedent(R), Hubba Bubba(R), Orbit, Excel, Creme Savers, Eclipse, Airwaves(R), Solano(R), Sugus(R), P.K.(R), and Cool Air(R).
Cautionary Statement Regarding Forward-Looking Information
To the extent that statements contained in this press release may be considered forward-looking statements, the following will be deemed to be the Wrigley Company's meaningful cautionary disclosure regarding such statements. A variety of factors could cause actual results to differ materially from the anticipated results or expectations expressed. The important factors that could affect these outcomes are set forth in Exhibit 99 to the Company's Annual Report on Form 10-K for the year ended December 31, 2006.
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