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
McCain Foods has completed the acquisition of Irish plant-based frozen food manufacturer Strong Roots. The acquisition follows McCain and Strong Roots’ strategic partnership, which began in 2021 and resulted from a $55 million investment.
Cargill partners with Voyage Foods to scale up alternatives to cocoa-based products to meet consumers’ indulgence needs. The commercial partnership will also provide food manufacturers with nut spreads produced with no nut or dairy allergens used in the recipe formulation.
L’Occitane International owner Reinold Geiger is reportedly close to taking the company private in a deal with Blackstone. The French skin care company’s filing halted trading of its Hong Kong-listed shares this week. This is the second time in months that the Australian billionaire has attempted a buyout.
