Beam names Gretchen Price to board

Beam elects Arbonne EVP Gretchen Price to board, increases board to 8 members

Associated Press

DEERFIELD, Ill. (AP) -- Spirits maker Beam Inc. said Monday that it named Gretchen Price to its board.

Price is executive vice president, chief financial and administrative officer at Arbonne International LLC, a personal care products company. She previously served as executive vice president, chief financial and administrative officer of Philosophy Inc. and spent 31 years at Procter & Gamble in finance, accounting and operations roles.

Price's election boosts the size of the Deerfield, Ill.-based company's board to eight members.

Shares of Beam, which makes Jim Beam bourbon, Courvoisier cognac and Sauza tequila, fell 93 cents to $60.94 in morning trading.

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