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February 2, 2023

Green Mountain Coffee Roasters Decides That It Might Be a Good Idea to Have Someone Oversee Their Accounting on a Daily Basis

As you may know, Green Mountain Coffee Roasters has had some issues with its financial reporting. So much so that, about a year ago, the SEC asked to poke around. Ever since then, they company has been a favorite of Sam Antar, who has written a slew of blog posts about their shoddy accounting. After a tough year of criticism, it appears the company seems to have found a solution to their double-entry woes – they didn’t have a Chief Accounting Officer!

Green Mountain Coffee Roasters, Inc. […], a leader in specialty coffee and coffee makers, today announced the appointment of Stephen L. Gibbs as its Vice President and Chief Accounting Officer effective immediately. This newly created position has been established to strengthen GMCR’s accounting function and overall financial control environment.

So everything should be on the straight and narrow now. I just hope Mr. Gibbs doesn’t mind being asked awkward questions.

UPDATE: The company is also looking for a Fraud Prevention Manager if you know anyone who is interested.

[via GMCR]

As you may know, Green Mountain Coffee Roasters has had some issues with its financial reporting. So much so that, about a year ago, the SEC asked to poke around. Ever since then, they company has been a favorite of Sam Antar, who has written a slew of blog posts about their shoddy accounting. After a tough year of criticism, it appears the company seems to have found a solution to their double-entry woes – they didn’t have a Chief Accounting Officer!

Green Mountain Coffee Roasters, Inc. […], a leader in specialty coffee and coffee makers, today announced the appointment of Stephen L. Gibbs as its Vice President and Chief Accounting Officer effective immediately. This newly created position has been established to strengthen GMCR’s accounting function and overall financial control environment.

So everything should be on the straight and narrow now. I just hope Mr. Gibbs doesn’t mind being asked awkward questions.

UPDATE: The company is also looking for a Fraud Prevention Manager if you know anyone who is interested.

[via GMCR]

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