Posted AT 2:52 PM EDT on 24/03/08
Cott ousts CEO
Struggling soft-drink maker Cott Corp. has found one way to give its sagging stock price a lift: change chief executive officers.
The money-losing Toronto company's shares were up nearly 16 per cent in mid-afternoon trading Monday following an unexpected pre-market announcement that it has parted ways with its CEO, Brent Willis, less than two years after he took over the top job.
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