Aurora Organic Dairy in Boulder, Colo., has announced founder Marc Peperzak is relinquishing his role as CEO. Scott McGinty, the company's president, will become the new CEO, while Peperzak will transition to executive chairman.
International sales at UK-based Premier Foods increased 26% in the third quarter of 2017, while overall nonbranded sales increased 17%, the company has reported. Premier Foods has also confirmed it is negotiating to sell its Batchelors Super Noodles for $276 million to Nissin Foods.
The Consumer Price Index for cereal products and baked foods decreased 0.5% in 2017, its second consecutive year-over-year decline. Cereals and cereal products declined by 1.5%, while the bread segment dropped 0.1%.
Coca-Cola plans to have its packaging be fully recyclable by 2030, along with improving bottle recycling and having bottles manufactured with at least 50% recycled materials.
Nestle is partnering with Know Brainer, a ketogenic creamer brand, through the Terra Food + Ag Tech Accelerator and will include a product launch at an exposition in March. "We thought that this would be a good team with shared values that we could do pilot work with through Terra," says Nestle executive Ashlee Adams.
Nestle has nominated three new board directors, proposing Zara parent company Inditex CEO Pablo Isla, Adidas CEO Kasper Rorsted and former Baker Hughes Chief Financial Officer Kimberly Ross. All three will be eligible for election at Nestle's annual general meeting in April.
Mars Wrigley Confectionery Global R&D Senior Manager for New Benefits and Mints Stacey Espinosa pursued a chemical engineering degree specifically to get into the confectionery industry. One thing Espinosa said that she's learned over the years is that flavors are interpreted differently around the world; for instance, wintergreen is a popular gum flavor in the US, but in the rest of the world "it's a very polarizing flavor."
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