Celestial Seasonings President Stepping Down

Credit: CBS
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BOULDER, Colo. (AP) -- Celestial Seasonings president Peter Burns is stepping down and passing the reins to David Ziegert.

Burns says he is doing it for his family. Ziegert is a 19-year veteran of the Boulder tea company.

According to the Boulder Daily Camera, the transition comes as the company founded in 1969 tries to maintain its brand and a leadership position in a crowded tea market.