(Reuters) – Saudi Arabia’s largest food products company Savola Group said it appointed JP Morgan’s Rayan Mohammed Fayez as chief executive, it said in a bourse filing on Tuesday.
Fayez, who was previously chief executive of JP Morgan in Saudi Arabia, is expected to take up his duties on Mar. 1, 2016, the statement said.
Fayez takes over from Abdullah M. Nour Rahemi, who will retain his position as managing director of Savola until the end of the term of the current board, which expires on June 30, the statement added. (Reporting by Hadeel Al Sayegh; Editing by David French)
Upon FoodBev Media’s return from Vitafoods 2022 – which took place from 10-12 May in Geneva, Switzerland – the team reflects on the event’s aim to bring together international nutraceutical suppliers and experts from across the globe.
Following a strategic review last year, Mondelēz International is planning to sell its developed chewing gum business, which includes brands Trident and Dentyne. This is in addition to offloading its Halls cough drop brand, as the food giant focuses on generating 90% of revenue in its chocolates and biscuits businesses, including baked snacks.
Givaudan has unveiled NaNino+, a patent-pending combination of plant-based ingredients and natural flavorings that can replace nitrite in processed meat. Designed with natural ingredients, it provides a lasting multi-sensorial food experience with a good taste, color and freshness.
