Christopher Warmoth, senior vice president for Heinz Asia, and Michael Milone, senior vice president Pacific and Rest of World, will both assume the position of executive vice president, president and CEO for Heinz's operations in Asia Pacific and Rest of the World.
Hormel Foods Corp. acquiredValley Fresh Inc. of Turlock, CA, for $78 million. A producer of canned, ready-to-eat chicken, Valley Fresh's annual sales are approximately $68 million.
Ruiz FoodsappointedF. Bryce Ruizto president and chief operating officer.
ConAgra Foodscompleted the sale of itsCook's Hamdivision toSmithfield Foods. This sale follows ConAgra's announcement that it recently finalized the sale of its seafood business. The company says it received more than $440 million in cash for both business units.
Michael D. Whitewas promoted to vice chairman of the corporation and named to the board of directors atPepsiCo. White, who has been chairman and CEO of the PepsiCo International division since 2003, will lead all operations outside of North America.