News

Dean Foods Chairman resigns

 

Dean Foods Chairman Tom C. Davis has resigned.

According to wire reports, the company has not named a successor or elaborated on the reason for the resignation, which was revealed late Friday in a securities filing.

Dean’s second quarter financial results released Monday did show better than expected earnings, improving for the fourth consecutive quarter, but the company expects lower volumes and slightly higher raw milk costs during the third fiscal quarter.

Bloomberg and the New York Times report the Securities and Exchange Commission is investigating insider trading allegations involving shares of Dean Foods.