/C O R R E C T I O N -- Peet's Coffee & Tea, Inc. /
October 07 2008 - 2:57PM
PR Newswire (US)
In the news release, Peet's Coffee & Tea, Inc. (Nasdaq: PEET)
Elects Ted W. Hall to Board of Directors, issued yesterday, Oct. 6,
by Peet's Coffee & Tea, Inc. over PR Newswire, we are advised
by the company that Ted W. Hall is currently President of Long
Meadow Ranch Winery in Napa Valley, not Long Meadow Winery as
originally issued inadvertently. Complete, corrected release
follows: EMERYVILLE, Calif., Oct. 6 /PRNewswire-FirstCall/ --
Peet's Coffee & Tea, Inc. (NASDAQ:PEET), the premier specialty
coffee and tea company in the U.S., today announced that Ted W.
Hall has been elected to its Board of Directors. (Logo:
http://www.newscom.com/cgi-bin/prnh/20070606/AQW139LOGO) Hall is an
entrepreneur and business leader with extensive operating and
consulting experience in technology-related businesses,
professional services, financial services, and natural resources.
He has also served on the boards of several companies with
industry-leading consumer brands. For more than 27 years Hall
served as a leader and operating manager of McKinsey & Company,
a leading global consulting firm. He was Managing Partner of the
firm's San Francisco office before assuming significant worldwide
responsibilities for the firm. For 12 years he served as an elected
member of the Shareholders Committee, which is McKinsey's Board of
Directors. During his tenure with McKinsey, Hall worked with chief
executives and boards of directors of Fortune 50-size companies
around the world in the areas of strategy and organization. A
leading thinker on microeconomics and business, he has spoken and
written about the evolving global economy in many venues such as
the annual World Economic Forum, the State of the World Forum, the
Commission on Globalization, and the Wall Street Journal. Hall is
currently a general partner of Long Meadow Ranch and President of
Long Meadow Ranch Winery in Napa Valley as well as Managing
Director of Mayacamas Associates, a consulting firm. Hall serves as
a director of Dolby Laboratories, Inc. and as a director of
Williams-Sonoma, Inc. Hall is also a former Chairman of the Board
of The Robert Mondavi Corporation, a global producer of fine wines.
Hall holds a bachelor's degree in electrical engineering from
Princeton University and a master's degree in business
administration from Stanford University. He has served on the
boards of directors of a wide range of educational and civic
organizations. "We are delighted to have Ted join the Peet's
Board," said Patrick O'Dea, President and Chief Executive Officer
of Peet's Coffee & Tea, Inc. "His extensive knowledge and
experience developed over 27 years with McKinsey, along with his
work with other premier consumer brands, will serve the company
well." ABOUT PEET'S COFFEE & TEA, INC. Peet's Coffee & Tea,
Inc. (PEET), is the premier specialty coffee and tea company in the
United States. Peet's buys the highest quality beans in the world,
artisan roasts every bean by hand to order, and delivers all of its
coffee quickly for superior freshness no matter where it is sold.
Founded in 1966 in Berkeley, Calif., by Alfred Peet, who is widely
recognized as the grandfather of specialty coffee in the U.S.,
Peet's has a rapidly growing, passionate customer following that
seeks out Peet's coffees wherever they go. Peet's is committed to
strategically growing its business through many channels without
compromising the extraordinary quality of its coffee. For more
information about Peet's Coffee & Tea, Inc. visit
http://www.peets.com/.
http://www.newscom.com/cgi-bin/prnh/20070606/AQW139LOGO
http://photoarchive.ap.org/ DATASOURCE: Peet's Coffee & Tea,
Inc. CONTACT: Patsy Barich of Double Forte, +1-415-848-8104, , for
Peet's Coffee & Tea, Inc. Web site: http://www.peets.com/
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