Chobani Says Press Reports of Turmoil Aren?t True

Hamdi Ulukaya at Nasdaq.
- Published in Companies

Maxim Integrated Products (NASDAQ:MXIM) CEO Tunc Doluca sold 6,000 shares of the company’s stock on the open market in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $33.13, for a total value of $198,780.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Hamdi Ulukaya, the founder and CEO of Chobani, allegedly bribed a former employee at Fage to reveal the rival's recipe for Greek yogurt, according to Ulukaya's ex-wife. A recent court filing obtained by The Huffington Post accuses Ulukaya, a Turkish born immigrant and now billionaire, of repeatedly bragging about how he "traveled to Europe and bribed this employee with 30,000 Euros." The allegations are being made by Ulukaya's ex-wife, Ayse Giray. The former couple has been locked in a legal battle since 2012, when Giray first claimed Ulukaya denied her a stake in the company.
Yogurt maker Chobani Inc. has named Dipak Golechha, an 18-year veteran of Procter & Gamble Co., as its new chief financial officer. Mr. Golechha, who will start on Jan. 1, has been a divisional CFO at P&G, most recently for its global feminine health and hygiene business, where he also is chief operating officer. Before that, he was CFO for its global snacks division. The appointment of Mr. Golechha is the latest in a string of executive appointments at the New Berlin, N.Y.-based company. In July, for example, Chobani hired David Denholm, formerly in charge of Kellogg Co.’s main breakfast division, as COO, and Peter McGuinness, a longtime advertising executive, as its chief marketing and brand officer.