Sector News

Iglo Austria veteran leaves

November 28, 2014
Consumer Packaged Goods
Rainer Herrmann has left Iglo Group, where he worked for two decades and finished as managing director of the company’s Austrian business.
 
Felix Frohner, who has worked for consumer goods giant Procter & Gamble for 15 years, will take over, reports Opinion Leaders Network.
 
“It was 20 really exciting years, starting with
 Austria joining the EU, various internal
developments under Unilever, the sale of the frozen division, the consequently spin-off of Iglo Austria GmbH in November 2006 and the subsequent new dynamics under new owners,” Herrmann said.
 
On Thursday, Iglo reported a €9.9 million one-off charge in its Q3 report, in which the frozen food producer also revealed a pullback from three small markets.
 
The UK-based company, which grew Q3 sales in spite of a decline in the frozen market in Europe, cited restructuring costs in operations across the group, principally in its German factories, for the charge.
 
“This is part of an on-going program to create further operational efficiencies,” said Iglo, which produces frozen fish products and vegetables in Germany. The company has been centralizing its buying team in the UK, with two experienced seafood buyers based in Germany recently leaving as a result.
 
Iglo declined to comment further on the specific reasons for the one-off.
 

comments closed

Related News

April 20, 2024

Tereos opens new innovation centre for EU customers

Consumer Packaged Goods

The facility is designed to foster innovation and deepen collaboration with customers, by offering a range of new services and solidifying its role as a central hub for customer support. Tereos’ team, supported by a network of 50 scientists, will ensure customers can innovate and meet the rising consumer demand for healthier and more sustainable products.

April 20, 2024

Glanbia to buy US flavour platform in $300m deal

Consumer Packaged Goods

Glanbia has agreed to acquire Flavor Producers from Aroma Holding for an initial consideration of $300 million. Flavor Producers is a US-based flavour platform, providing flavours and extracts to the F&B industries, with a focus on organic and natural ingredients.

April 20, 2024

Godiva names former Nike executive as president to boost sales

Consumer Packaged Goods

Lesnard, who previously worked at Nike, The North Face and Sephora, has a mission to “grow and sustain GODIVA’s position and expertise in the premium chocolate category, leveraging ongoing support from pladis to take GODIVA and its legendary chocolate to new heights.”

How can we help you?

We're easy to reach