Hughes Resigns As CEO Of Boulder Brands

Boulder, CO – Steve Hughes, the chief executive officer and member of the Boulder Brands Board of Directors, has resigned from both positions with the company, according to a press release. The company has also announced that, effective immediately, James B. Leighton, who has been the company’s chief operating officer since 2013, will assume the position of interim CEO.

"On behalf of the Board and entire Boulder Brands team, I want to thank Steve for his contributions to the creation, development and growth of the company," said Dean Hollis, chairman of the Boulder Brands Board of Directors. "Steve's passion and vision for Boulder Brands has helped our industry improve the lives of consumers by providing healthier and more transparent food options.”

When the stocks closed on Tuesday, June 9, Boulder Brands was at $8.88. As of close on Wednesday, the day Boulder Brands announced Hughes was resigning, the company was down to $6.91, a drop of $1.97 and 22.18% in a 24-hour period.

Posted on 6/10/2015