German dairy giant Unternehmensgruppe Theo Müller has appointed a new chief financial officer.
Frank Richter, 48, joins the yoghurt and milk firm from chemicals company Altana, where he previously held the position of finance and controlling since 2011. He replaces Henrik Bauwens, who joined Intersnack last summer.
In addition, Müller has also appointed a new chief operating officer, Werner Stegmüller, who joins from KSB, a producer of centrifugal pumps and valves.
Stegmüller takes over as COO from Ronald Kers, who had taken on the role alongside his current position as chief executive, following the departure of Rob Scholte from the company last year. Kers retains the role of chief executive.
Müller, which owns brands including Weihenstephan and Homann, as well as its eponymous brand, generates around €6.5 billion in sales annually.
Source: European Supermarket Magazine
The Coca-Cola Co. has promoted Evguenia (Jeny) Stoichkova to president of global ventures, effective Jan. 1, 2023. Ms. Stoichkova joined Coca-Cola Bulgaria in 2004 and was most recently the president of the company’s Eurasia & Middle East division, a role she has held since 2021.
US-based Perfect Day, is partnering with Onego Bio, which specializes in creating animal-free eggs, aiming to accelerate the timeline to bring the eggs to the market. The business, with the use of its technology, plans to commercialize animal-free ovalbumin, the most abundant egg white protein extracted through precision fermentation.
Food waste costs the EU €143 billion per year (US$141.7 billion), with a report by Feedback EU raising the alarm of how it’s vital to reduce waste from farm to fork 50% by 2030 and the only way this will be achieved is by enforcing a mandatory directive forcing the food industry to do better and retailers to pay a tax of food waste.
