General Mills has announced that current chairman Ken Powell will be retiring as the company hands over its functions to the current CEO, Jeffrey Harmening as part of a management shuffle.
Harmening, who has been CEO since June, will become chairman on January 1, 2018 and continue to serve as the company’s chief executive officer as General Mills aims to globalise functions by moving to one global leadership team with four business segments reporting directly to the CEO.
“I would like to thank Ken for his support through this transition period and for the leadership legacy that he has left for us,” Harmening said. “We all wish him the very best on his retirement.”
Outgoing chairman, Powell added: “Jeff is leading the company through significant changes with a steady and thoughtful hand, and it is exciting to see the speed in which the teams are responding.”
This news comes after General Mills announced it would put focus on top-line as revenue continues to fall.
Source: FoodBev
Consumer healthcare firm Haleon has appointed Tate & Lyle executive Dawn Allen as its new chief financial officer, effective 1 November 2024. Allen will succeed Tobias Hestler, who has decided to step down from the role, citing a long-term health condition, the company said.
The group said that the bottling line, which adds 6,500 square metres to the existing 60,700-square-metre site, is the next necessary stage in the company’s international development. The leading brand in Campari Group’s global sales, demand for the Italian bitter apéritif has grown by 500% in the last decade.
The partnership will see Coca-Cola adopt new technology to foster innovation and productivity globally. Through the deal, Coca-Cola has made a $1.1 billion commitment to the Microsoft Cloud and its generative AI capabilities.
