Check out who’s moving onwards and upwards in the New Year with the latest FoodNavigator-USA round-up of movers and shakers in the food industry.
We kick off our gallery of new hires with changes at Heinz, which has abruptly parted company with three members of its senior management team just seven months after new CEO Bernardo Hees appointed them.
They are North America president Brendan Foley, SVP and Chief People Officer Kristen Clark, and Latin America president Fernando Pocaterra, said corporate affairs chief Michael Mullen, noting that the moves were “made to better position the company for success in 2014 and beyond” .
Foley is being replaced by Eduardo Luz (who was formerly md of Heinz’s North America Consumer Products business); Melissa Werneck will take over Clark’s responsibilities in the new role of SVP Global Human Resources, Performance and IT; and a successor for Pocaterra will be announced in due course.
Slash & burn or sensible cost-cutting?
While the new owners of Heinz - Warren Buffett’s Berkshire Hathaway Inc. conglomerate and investment company 3G Capital - said last summer that Heinz was doing "extremely well" and that they were interested in "long-term value creation", they have been aggressively cutting costs ever since confirming some commentators' predictions that a slash & burn exercise would follow the debt-backed mega-deal last summer.
Since the deal was announced last June, Heinz has brought in a new CEO (ex-Burger King CEO Bernardo Hees ), cut 600 office positions in its North American operations, and lost a contract to supply McDonald’s with ketchup, which the fast-food chain said came “as a result of recent management changes at Heinz”.
It has also unveiled plans to close three factories in Florence, SC (Smart Ones); Pocatello, ID (frozen entrees, snacks); and Leamington in Canada (ketchup); with the loss of 1,350 jobs.
Copyright - Unless otherwise stated all contents of this web site are © 2016 - William Reed Business Media SAS - All Rights Reserved - Full details for the use of materials on this site can be found in the Terms & Conditions
How do Millennials think about food, cooking, shopping and eating out? To find out, the Private Label...
The maturing farm to table movement is giving way to “fresh” as the most important value among...
With Expo East around the corner, food investment specialists Whipstitch Capital and Silverwood Partners have both released...
Check out FoodNavigator-USA’s latest gallery of new products hitting US shelves. Trends to watch include protein, healthy...
It is back-to-school time, which means parents nationwide will be stocking up on snacks and looking for...