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.