Garrett Lofto has been named president and chief executive officer of the J.R. Simplot Co. He will succeed Bill Whitacre, who announced his retirement in April, on Sept. 1.
Mr. Lofto has been president of the company’s Agribusiness group since 2009. He has been with the company for the past 26 years.
“Garrett is an outstanding leader and has the vision to guide the company into an exciting future,” said Scott Simplot, chairman of Simplot’s board of directors. “We’re well positioned for success across our organization and the Simplot family and board of directors are confident we’ve got the right leader to help us achieve great things.”
Mr. Whitacre retires after an 18-year career with the J. R. Simplot Co., the past nine as president and c.e.o. As c.e.o., he expanded the company’s international footprint and enhanced its position with communities, industries, customers and employees. By strengthening Simplot’s competitive position and growing its global presence, Mr. Whitacre has overseen an increase in revenues from approximately $4.5 billion to $6 billion today.
By Keith Nunes
Source: Food Business News
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.
