Former Nike Exec Perez to lead Wrigley

“William Perez, the former CEO of household goods maker S.C. Johnson and for a while of footwear giant Nike, has become the first non-family member to head Wm. Wrigley Jr. Co., the chewing gum maker announced Monday.

The surprise announcement by Bill Wrigley Jr., who is stepping down as president and chief executive to clear the way for Mr. Perez, was welcomed on Wall Street, where shares of Wrigley (NYSE: WWY) shot up by as much as 16 percent in intraday trading. Mr. Wrigley, 43, will take a new role as executive chairman, while Mr. Perez, 59, will also take a seat on the board of directors.”

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