General Mills has announced that current chairman Ken Powell will be retiring as the company hands over its functions to the current CEO, Jeffrey Harmening as part of a management shuffle.
Harmening, who has been CEO since June, will become chairman on January 1, 2018 and continue to serve as the company’s chief executive officer as General Mills aims to globalise functions by moving to one global leadership team with four business segments reporting directly to the CEO.
“I would like to thank Ken for his support through this transition period and for the leadership legacy that he has left for us,” Harmening said. “We all wish him the very best on his retirement.”
Outgoing chairman, Powell added: “Jeff is leading the company through significant changes with a steady and thoughtful hand, and it is exciting to see the speed in which the teams are responding.”
This news comes after General Mills announced it would put focus on top-line as revenue continues to fall.
The global snacking, international cereal and noodles, plant-based foods and North American frozen breakfast business will be known as Kellanova – home to brands such as Pringles, MorningStar Farms and Nutri-Grain. Kellanova’s portfolio will also encompass cereal brands, including Frosties, Special K, Krave and Coco Pops.
Nestlé is piloting refillable vending machines for its Milo and Koko Krunch brands as part of its effort to explore solutions that help to reduce the need for disposable packaging. In collaboration with digital start-up Qyos by Algramo, the machines will be available at two retailers in Indonesia during a 4-6 month trial period.
Carlsberg has announced that Jacob Aarup-Andersen will join the company as chief executive officer, replacing Cees ’t Hart, who will retire by the end of Q3 2023. Since 2020, Aarup-Andersen has served as CEO of ISS, a global facility services company that operates in 60 countries.