Corporate Operations: Page
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Cargill names insider as new CEO
COO Brian Sikes will become the 10th leader of the global protein and ingredients giant on Jan. 1. Current chief executive David MacLennen will transition to executive chairman.
By Megan Poinski • Nov. 21, 2022 -
Hummus leader Sabra regaining swagger after ‘difficult’ move to halt production
Several months after temporarily shutting down its Virginia plant for repairs, CEO Joey Bergstein said the brand, co-owned by PepsiCo, is experiencing a sharp rebound in sales and recouping lost market share.
By Christopher Doering • Nov. 21, 2022 -
Trendline
Mergers and acquisitions
Declining sales and slowing consumption have more companies divesting brands, opening the door for smaller players and private equity firms to expand their portfolios.
By Food Dive staff -
Deep Dive
How can plant-based meat get back to growth?
As business indicators have worsened, Beyond Meat and other companies in the space have tried new strategies — but analysts say they may have forgotten consumers along the way.
By Megan Poinski • Nov. 17, 2022 -
PepsiCo brings Doritos into dip category
The new snacks, which come in Spicy Nacho and Cool Ranch Jalapeno varieties, are meant to be used with foods other than chips, including pizza, wings and veggies.
By Christopher Doering • Nov. 17, 2022 -
FDA publishes final food traceability rule
New recordkeeping requirements as items such as produce, cheeses and eggs move through production and supply chain will go into effect in 2026.
By Megan Poinski • Nov. 16, 2022 -
Kodiak picks Campbell Soup executive for CEO post
Valerie Oswalt, who succeeds co-founder Joel Clark in the top post, will oversee a fast-growing company looking to bring its high-protein, whole-grain foods into new categories.
By Christopher Doering • Nov. 15, 2022 -
Inside Campbell Soup’s overhaul to innovation and how it’s paying off
From technology to how workers collaborate, the 153-year-old food giant is scrapping old practices in favor of new ones to quicken product development and boost its chances of success.
By Christopher Doering • Nov. 15, 2022 -
Tyson will eliminate ‘difficult’ jobs as automation increases
CEO Donnie King did not specify how many positions would be impacted, but said workers would be reassigned to open roles in the company.
By Chris Casey • Nov. 15, 2022 -
Beyond Meat partners with American Cancer Society on research
The meat analog company will help facilitate data collection to see if plant-based alternatives could be linked to the prevention of chronic disease.
By Megan Poinski • Nov. 15, 2022 -
Why Kellogg is depending on Cheez-It to grow its snacks business
The CPG giant bets the 101-year-old cracker brand has the potential to drive up market share in the snacking segment, which makes up 80% of its total sales.
By Chris Casey • Nov. 14, 2022 -
Deep Dive
From science to CPG: New ventures create opportunities for startups
While many larger players in the food tech space had to build their own facilities and processes from scratch, entities are planning to give those starting out now a smoother beginning.
By Megan Poinski • Nov. 11, 2022 -
B&G Foods ‘actively seeking’ to sell Back to Nature brand
The owner of Ortega and Cream of Wheat said it is also looking at other divestitures that could help it pay down debt, reduce leverage and better position its portfolio for growth.
By Christopher Doering • Nov. 11, 2022 -
Deep Dive
From science to CPG: Finding the right team to go beyond the lab
While scientific processes and developments are core to what food tech companies do, they need employees who can turn the science into a successful business.
By Megan Poinski • Nov. 10, 2022 -
Keurig Dr Pepper CEO resigns over ‘violations’ to company’s code of conduct
Former CEO Bob Gamgort will replace Ozan Dokmecioglu, who only served for four months. His departure was not related to “strategy, operations or financial reporting,” the company said.
By Christopher Doering • Updated Nov. 10, 2022 -
Sara Lee owner Grupo Bimbo to spend more than $600M to build 2 new plants
The Ohio and Georgia facilities are expected to create a total of 620 jobs.
By Christopher Doering • Nov. 10, 2022 -
As revenue slides, Beyond Meat CEO outlines strategy to improve business
CEO Ethan Brown said today’s economy has not been kind to plant-based meat. He’s aiming to return the company to cash-flow-positive operations in the second half of 2023.
By Megan Poinski • Nov. 10, 2022 -
From science to CPG series
A five-part series examining the challenges food tech companies face when scaling up.
By Megan Poinski • Nov. 9, 2022 -
Deep Dive
From science to CPG: Adapting R&D to regulations — and eventually consumers
As food tech startups grow, their focus needs to shift from scientific breakthroughs to meeting stringent manufacturing rules, as well as thinking a lot about the people who will one day eat their products.
By Megan Poinski • Nov. 9, 2022 -
Fermentation leaders form Fungi Protein Association
Companies including Quorn, MycoTechnology, Meati and The Better Meat Co. are coming together to advocate for alternatives that are not made from plants.
By Megan Poinski • Nov. 9, 2022 -
Retrieved from Athletic Brewing Company.
Keurig Dr Pepper invests $50M in Athletic Brewing
The minority stake deepens the soda and coffee giant’s presence in the nonalcoholic category following its acquisition of ready-to-drink cocktail brand Atypique in June.
By Christopher Doering • Nov. 9, 2022 -
Danone expedites Two Good yogurt’s move into smoothies
The new offering, which was initially planned to launch in 2023, brings the company’s fastest-growing North American brand into the portable space while building on its low-sugar, high-protein popularity.
By Christopher Doering • Nov. 9, 2022 -
Mondelēz names new chief of supply chain operations
Leadership changes come as the snack giant reports improvements in production levels following its move to prioritize key SKUs.
By Sarah Zimmerman • Nov. 8, 2022 -
New Tyson CFO arrested on trespassing, public intoxication charges
The incident involving the meat giant’s recently appointed CFO — son of the company’s chairman — reignites concerns about potential conflicts of interest.
By Grace Noto • Nov. 8, 2022 -
Deep Dive
From science to CPG: How money makes the food tech startup world go round
Fundraising and understanding a realistic timeline are high barriers for these companies as they face R&D and regulatory challenges.
By Megan Poinski • Nov. 8, 2022 -
Coca-Cola to restructure North American workforce with voluntary buyouts
Employees will have from Nov. 14 to Nov. 18 to decide whether to accept offers. The beverage maker did not say how many workers are eligible.
By Christopher Doering • Nov. 8, 2022