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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) September 24, 1997
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Dean Foods Company
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(Exact name of registrant as specified in its charter)
Delaware 0-1118 36-0984820
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(State or other (Commission File No.) (IRS Employer
jurisdiction of Identification No.)
incorporation)
3600 N. River Road Franklin Park, IL 60131
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (847)678-1680
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(Former name or former address, if changed since last report)
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Item 5 - Other Events
MARINEAU RESIGNS AS DEAN FOODS PRESIDENT
Franklin Park, Illinois, September 24, 1997...Dean Foods Company today
announced Philip A. Marineau has resigned to become president and chief
executive officer of Pepsi-Cola North America. Marineau, 50, joined Dean Foods
as president and chief operating officer last December 6th.
Howard Dean, chairman and chief executive officer, will assume the duties of
president while he and the board of directors seek a successor. "We appreciate
Phil's many contributions to Dean Foods during his brief tenure with us," said
Dean. "We regret his decision, but we understand it. Phil helped implement a
number of programs and assembled the marketing talent needed to help Dean Foods
achieve its strategic growth objectives. These initiatives will continue to
help drive Dean Foods' evolution into a more consumer driven company."
Marineau said, "I have enjoyed my time at Dean Foods and I believe the
company's prospects under Howard Dean's continued leadership are bright. I
regret that I won't be present to see the results of execution of the Company's
strategy, but I'm confident of the value creation for its shareholders."
Dean said the company would take whatever amount of time is necessary to
recruit a new president and chief operating officer. "In the meantime, we have
in place a seasoned senior management team that has been involved in the
development and execution of our strategy, and have added sufficient marketing
depth to continue moving forward without any loss of momentum," he said.
Dean Foods is the nation's leading dairy processor and distributor producing a
full line of branded and private label products, including fluid milk, cottage
cheese and ice cream sold under the Dean's and other regional brand names.
Dean's frozen vegetable business is the market leader and includes the Birds
Eye, Freshlike and Veg-All brand names, as well as private label. Dean Foods is
also the leader in private label pickles, dips, refrigerated salad dressings
and non-dairy coffee creamers.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dean Foods Company
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(Registrant)
Date: September 24, 1997 William R. McManaman
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William R. McManaman
Vice President Finance and
Chief Financial Officer
Date: September 24, 1997 William M. Luegers, Jr.
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William M. Luegers, Jr.
Controller
