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.
by: FoodBusinessNews
Source: foodbusinessnews.com
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.
