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Green Mountain Names Chief Accounting Officer

Posted On: 8/31/2011

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Green Mountain Coffee Roasters Inc., Keurig, K-Cup, office coffee service, OCS business, vending, vending business, coffee news, Stephen L. Gibbs, Green Mountain accounting, K-Cup SEC reporting

WATERBURY, VT -- Green Mountain Coffee Roasters Inc. has appointed Stephen L. Gibbs to the newly created position of vice-president and chief accounting officer.

The company said it established the position to strengthen its accounting function and overall financial control environment. Gibbs will provide strategic leadership for the accounting operations, including financial reporting, accounting, tax, financial systems, policies and controls. He will report to chief financial officer and treasurer Frances G. Rathke.

The move follows recent concern over the Vermont coffee roaster's accounting practices after it disclosed an error in its K-Cup reporting to the U.S. Securities Exchange Commission in September 2010.

Gibbs, who held key finance posts at public companies for 15 years, most recently served as vice-president, chief accounting officer and corporate controller of Scientific Games Corp. Prior to that, he managed accounting research at Coca-Cola Co. and was a controller at TRX Inc. A certified public accountant, he began his career with Arthur Andersen LLP and Deloitte & Touche LLP.