Campbell Soup Co. has eliminated the role of chief operating officer. Luca Mignini, formerly senior vice-president and c.o.o., has transitioned to the role of executive vice-president – strategic initiatives.
According to Campbell Soup, Mr. Mignini will remain in his new role until Aug. 1, at which point his role will be eliminated.
Mr. Mignini had been promoted to c.o.o. in April 2018 to go along with his title of president of Global Business and Snacks. With the promotion to c.o.o. he was tasked with the additional responsibilities of managing Campbell’s soup, simple meals and shelf-stable beverage businesses, the company’s sales organization and global product development.
The announcement was made as part of an April 2 filing with the U.S. Securities and Exchange Commission. In the filing, Campbell Soup also announced Keith R. McLoughlin had been elected chairman to succeed the retiring Les C. Vinney.
By Eric Schroeder
Source: Food Business News
The new center of expertise illustrates Roquette’s strategy of making its Vic-sur-Aisne site a dedicated place for plant protein development. This center will be a major asset to design the future technological processes that will bring new plant protein properties.
The new state-of-the-art facility will prioritise “sustainable production with advanced CO2 emission reductions and biomass reuse,” a company statement said. It will also enable Cargill to meet increasing demand for clean label texturising ingredients.
The move will assist in repaying outstanding debt (circa €1.6 billion or US$1.9 billion), while providing the company with increased financial flexibility. The IPO is also expected to support Azelis’ growth strategy and future acquisitions by providing funding and giving it access to capital markets.