A Tootsie Goodbye


A sad day in the confectionery world as Tootsie Roll industries long standing CEO and chairman Melvin J. Gordon died at the age of 95. He died Tuesday, after a brief illness. He joined the company in 1952 and after only 10 years he was appointed chairman in 1962. Shares within the company shot up rapidly after the announcement of Melvin’s passing

His wife Ellen R. Gordon has taken over as CEO and chairman of the company. In business this is highly unusual to have an 83 year old as CEO. Tootsie Roll Industries also manufacture Sugar Daddy, Dubble Bubble, Junior Mints and Charleston Chew. Over the years the Gordons have kept the company independent, trying not to consolidate with any other confectioner out there.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s