TreeHouse Foods Inc. said Monday it has named Steven Oakland as chief executive officer and president, effective March 26.
Oakland, most recently vice chair and president, U.S. food and beverage at The J.M. Smucker Company is replacing Sam Reed, who will serve as non-executive chairman of the board through July 1 before retiring.
TreeHouse makes packaged foods and beverages at manufacturing facilities in the U.S., Canada and Italy, focusing on private label products for retail grocery and food away from home customers. TreeHouse shares were not yet active premarket, but have fallen 54% in the last 12 months, while the S&P 500 has gained 13%.
By Ciara Linnane
Source: MarketWatch
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.
