Kraft Foodsannounced a new executive team. Jeri Finardhas been named to the newly created position of EVP & Chief Marketing Officer to lead consumer innovation and marketing services.Rick Seareris EVP & President of Kraft North American Commercial.David Breartonwas promoted to EVP, Global Business Services & Strategy. Marc Firestonehas been named to the newly created position of EVP, Corporate & Legal Affairs and General Council.
Indra Nooyi, who has been president, CFO and a director atPepsiCosince 2001, was recently elected to CEO.Richard Goodman, currently CFO of PepsiCo Intl., will become corporate CFO andHugh Johnston, currently senior vice president-transformation, will be executive vice president-operations and will add global procurement and information technology to his responsibilities.
Charles Hugginswas named as chief executive officer atSan Francisco Chocolate Co.He previously held executive positions atJoseph Schmidt ConfectionersandSee's Candies.
Nestle S.A.is acquiringJenny Craig, a weight management company that offers consumers branded nutritional products. The Jenny Craig acquisition follows Nestle's recent purchase of theUncle Toby'scereals and nutritional snacks business in Australia.
Smithfield FoodsandPremium Standard Farmswill be merging. Smithfield Foods will acquire all of the outstanding shares of Standard Farms. Premium Standard Foods' facilities are expected to remain open and in operation at current production levels.
Jody H. Feragenwill take the place ofMichael McCoy, executive vice president and chief financial officer atHormel Foods. Feragen will now serve as senior vice president and chief financial officer. She is being promoted from the position of vice president finance and treasurer.