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Market Movers

Green Mountain Coffee gets a new CEO

With its Keurig machines, Green Mountain grew quickly on the popularity of single-serve coffee. But it has struggled as patents rivals offer their own single-serve coffee makers.

Brendan McDermid/Reuters/File 2012

With its Keurig machines, Green Mountain grew quickly on the popularity of single-serve coffee. But it has struggled as patents rivals offer their own single-serve coffee makers.

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Green Mountain Coffee Roasters hired a new CEO, Coca-Cola executive Brian Kelley, as it deals with slowing sales growth. The stock rose nearly 2 percent Tuesday; it had fallen 39 percent this year. Green Mountain said earlier this year that its current CEO, Lawrence Blanford, would retire by the end of 2013, or earlier if the company found a replacement.

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