Dive Brief: Tyson Foods announced that Jeff Schomburger will become the new president and CEO starting Oct. 4, following a transition period beginning in July. He will succeed Donnie King, who has been with Tyson for 43 years, including the…
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Dive Brief: Post Holdings announced that Robert Vitale will be stepping down as president and CEO on Oct. 1, to be replaced by Nicolas Catoggio, the company’s current executive vice president and COO. Vitale will continue to serve as executive…
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Consumer confidence is under threat as prices of everyday essentials continue to rise due to the conflict in Iran, according to Mondelēz International’s CEO. Dirk Van de Put, during the Oreo maker’s first-quarter earnings call, expressed concern over the impact…
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Mondelēz International’s CEO expressed concerns about the impact of the Iran conflict on consumer confidence and the rising prices of everyday essentials. During the company’s first-quarter earnings call, Dirk Van de Put highlighted that shoppers are feeling anxious due to…
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Every week, Hershey CEO Kirk Tanner analyzes the performance of nearly two dozen competing food companies to ensure that the Reese’s and SkinnyPop owner remains at the forefront. “We’re outpacing all of them,” Tanner stated confidently about Hershey’s competitors. Since…
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Dive Brief: Keurig Dr Pepper has appointed Rafael Oliveira, the current CEO of JDE Peet’s, to lead its coffee business ahead of a planned spinoff. Oliveira, who has been CEO of Peet’s since November 2024, brings a wealth of experience…
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The CEO of Mondelēz International, Dirk Van de Put, highlighted the challenges the company faces in completing acquisitions due to the rising asking prices for potential targets. The food industry has seen a surge in dealmaking as companies seek to…
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Constellation Brands, the owner of Modelo and Corona, has announced the appointment of Nicholas Fink as its next president and CEO, effective April 13. Fink, a former Suntory executive and current board member, will succeed Bill Newlands, who is stepping…
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Key Takeaways: After four years at the helm, Impossible Foods CEO Peter McGuinness is stepping down from the plant-based meat company. The executive leadership team, consisting of Jason Gao, Meredith Madden, and Rober Hass, will now oversee operations at Impossible…
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Dive Brief: Simply Good Foods announced the appointment of Joe Scalzo as its president and CEO, aiming to enhance profitability. Scalzo, who previously held the top executive role from 2017 to 2023, is taking over immediately, succeeding Geoff Tanner. Scalzo’s…