The Coca-Cola Company’s executive vice president and chief operating officer, Henrique Braun, will succeed current CEO James Quincey as chief executive officer from 31 March 2026. Quincey will transition to the role of executive chairman after serving as CEO for nine years.
The acquisition, which was first announced in August 2024, has successfully navigated the regulatory landscape, receiving necessary approvals from Kellanova shareholders and regulatory bodies, including the European Commission and the US Federal Trade Commission.
PepsiCo agrees to cut 20% of its US products and reduce prices after activist investor Elliott Investment Management disclosed US$4 billion stake in September. The agreement formalizes restructuring signaled by November Frito-Lay plant closures across the US, affecting hundreds of workers.
Lomax succeeds Paul Clarke, marking a pivotal transition as the company aims to strengthen its market position amidst evolving industry demands. He comes to this role with a robust background in the fast-moving consumer goods and packaging sectors, boasting over two decades of experience.
Estée Lauder Companies’ restructuring costs have reached US$1.14 billion, exceeding the original estimate of US$500–700 million. The company is reducing staff and reorganizing operations while investing in technology and fragrance innovation. Jo Malone London’s AI scent advisor reflects ELC’s shift toward digital tools as fragrance remains its only growing category.
