Sector News

Pinnacle Foods names new corp. development SVP

October 28, 2016
Consumer Packaged Goods

Pinnacle Foods Inc. announced the appointment of Michael S. Levitt to the newly created role of Senior Vice President Corporate Development, effective October 31.

Levitt will report to Craig Steeneck, Executive Vice President and Chief Financial Officer, and will partner with Steeneck and Pinnacle CEO Mark Clouse in developing and assessing M&A opportunities that support the Company’s strategic plan.

Levitt, 47, co-founded LG Capital Management, LP, a private investment fund that invested in publicly traded securities, and served as its Portfolio Manager since the fund’s 2011 inception. Prior to LG Capital Management, he worked as a Research Analyst at Chesapeake Partners and as Director in the M&A and Corporate Advisory Group at Deutsche Bank Securities, Inc. Earlier in his career, Levitt was a practicing attorney specializing in M&A work at Paul, Weiss, Rifkind, Wharton & Garrison.

Levitt holds a Juris Doctor with Honors from George Washington University and a Bachelor of Arts in Economics from the University of Pennsylvania.

Commenting on the appointment, Steeneck stated, “We are excited to welcome Michael to Pinnacle in this important leadership role. His well-rounded experiences in law, banking and investment management and research will be an asset to Pinnacle and position him as a strong partner to the executive team in implementing the Company’s strategic business development plan.”

Source: Street Insider

comments closed

Related News

April 14, 2024

McCain Foods completes acquisition of Strong Roots

Consumer Packaged Goods

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.

April 14, 2024

Cargill’s alternative cocoa collaboration gets off the ground as cocoa prices continue to climb

Consumer Packaged Goods

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.

April 14, 2024

L’Occitane stock still halted as owner reportedly tries again to privatize beauty company

Consumer Packaged Goods

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.

How can we help you?

We're easy to reach