Alanna Cotton has been named president and chief business officer of Ferrero North America, effective Sept. 1. She will succeed Todd Siwak, who is stepping down to return to private equity. Mr. Siwak was named president and chief business officer in September 2021.
In her new role, Ms. Cotton will be responsible for Ferrero’s business in the United States, Canada and Caribbean.
Ms. Cotton most recently was president of operations for Central and Eastern Europe at Coca-Cola Co. Earlier she was global chief marketing officer, president and head of global stills beverages. Prior to Coca-Cola she was senior vice president, general manager and divisional leader at Samsung Electronics America. She also has held executive positions at PepsiCo, Inc. and Procter & Gamble.
She received a bachelor’s degree in environmental engineering at Northwestern University and a master’s degree in business administration at Stanford University.
Ferrero has unveiled a number of expansion projects in the United States in recent months, including plans to open an innovation center featuring a strategic R&D laboratory in Chicago’s Marshall Field and Co. building.
Cargill will appoint Brian Sikes as its president and chief executive officer on 1 January 2023. The soon-to-be CEO, currently holding the chief operating officer title, has worked at Cargill for 31 years. Dave MacLennan, who has served as Cargill’s CEO since 2013, will assume the role of executive chair of the company’s board of directors.
Comforting colors, feel-good flavors, and unique food and beverage experiences will resonate most with consumers in the new year, according to ADM’s latest Flavor and Color Outlook. ADM anticipates that 2023 will be the year of self-expression, and the company identified four trends that are sure to stand out.
Nestlé’s Nespresso brand will pilot home-compostable coffee capsules on the Nespresso Original system in France and Switzerland from spring 2023 before further launches in several other European countries within a year. The paper-based capsules are touted as a breakthrough in packaging technology after three years of R&D.