Kraft Foods nominated Dr. Peter B. Henry to its board of directors. Henry specializes in emerging economies and is the dean of New York University Stern School of Business. In another announcement, Kraft Foods reported that Timothy R. McLevish, executive vice president and chief financial officer, will leave the com- pany. He will shift his CFO responsibilities to David Brearton, currently executive vice president, operations.
Uni-world Capital, L.P., a private equity firm, acquired the brands and assets related to the beer business of the Iron City Brewing Company. The brewery’s headquarters will remain in Pittsburgh, and beer production will continue in Latrobe, PA.
Diamond Foods, Inc. and The Procter & Gamble Company announced the signing of a definitive agreement to merge the Pringles business into Diamond Foods in a transaction valued at $2.35 billion.
Golden Peanut Company, a wholly owned subsidiary of Archer Daniels Midland Company, appointed Joe Campbell as its vice president, procurement and Bob Parker as its president, industry relations and seed.
Cargill Kitchen solutions will invest $1.3 million to upgrade its wastewater treatment capabilities at its Mason City, IA location.
The European Commission (EC) approved the tender offer by DuPont Denmark Holding Aps to acquire all of the outstanding shares of Danisco.
General Colin L. Powell, UsA (Ret.) will be the keynote speaker at the 2011 PACK ExPO Las Vegas show.
The Fieldbus Foundation appointed Larry O’Brien, formerly of ARC Advisory Group, as its global marketing manager.
The Grocery Manufacturers Association announced that retired Chairman of the Board, President and CEO of Del Monte Foods Richard G. Wolford and Campbell Soup Company President and CEO Douglas R. Conant were selected to receive the 2011 GMA Hall of Achievement Awards.
Industrial Magnetics, Inc., a manufacturer of magnetic components and assemblies, promoted Dennis O’Leary to the position of general manager.
Yaskawa America, Inc. appointed Masahiro Ogawa as its new CEO. He follows retiring Gen Kudo. Ogawa has 24 years of experience with the company.
People & Industry News: May 2011
May 1, 2011