Guinness Nigeria appoints Baker Magunda as new Managing Director

NIGERIA - Guinness Nigeria, a subsidiary of Diageo Plc of the UK has appointed Baker Magunda as the company’s new Managing Director/ Chief Executive Officer effective 1 July 2018. Baker succeeds Peter Ndegwa who gave his notice of resignation on 30th June 2018 and the Board accepted his resignation on the same date. He joins…

Grupo Lala appoints former AB InBev executive Mauricio Leyva Arboleda as new CEO

MEXICO - Mexico’s dairy company Grupo Lala has named former AB InBev executive Mauricio Leyva Arboleda as its new CEO, replacing current chief executive Scot Rank as of 1 September 2018. According to FoodBev, Mauricio Leyva worked for more than 13 years at AB InBev, was president of its middle Americas zone and has been…

Greencore Group appoints Anton Vincent as new CEO

USA - Greencore Group plc, a leading international manufacturer of convenience foods, has announced the appointment of Anton Vincent as CEO of Greencore USA, a subsidiary of UK-listed Greencore plc. The company currently supplies a wide range of chilled, frozen and ambient foods to the leading retail and food service customers in the UK and…

Fishing group Oceana appoints Imraan Soomra as permanent CEO

SOUTH AFRICA - Oceana Group Ltd, the South African fishing company has announced that its acting CEO Imraan Soomra has been appointed as its chief executive effective 1 August 2018. Soomra was confirmed interim CEO in February this year after Francois Kuttel resigned as the CEO to pursue his bid of buying a majority stake in the…

Fonterra announces John Wilson steps down as company’s Chairman

NEW ZEALAND - Fonterra Co-operative Group Ltd, a multinational dairy co-operative, has announced that John Wilson has stood down from his position as Chairman with immediate effect as he recovers from a recent serious health scare. According to the cooperative, within the last month Mr Wilson has undergone a significant surgery and will require on-going…

Beth Ford named first female president and chief executive at Land O’Lakes

USA - The American, member-owned agricultural cooperative Land O’Lakes has appointed Beth Ford as new president and chief executive officer effective 1 August 2018. Beth Ford becomes the first female chief executive in the company’s history after previously serving as chief operating officer in charge of its three largest businesses since 2017. She succeeds Chris…

Olam’s director Rachel Eng Yaag to resign from the board

SINGAPORE - Olam International has announced that Ms Rachel Eng Yaag Ngee will resign from the board as an Independent Non-Executive Director effective July 31, 2018. The agri-business firm said the decision was reached by the Board of Directors following Rachel’s acceptance to step down to pursue a career in a domestic law firm, a…

Mondelez president Valerie Oswalt to join Century Snacks as CEO

USA – Mondelez, an American multinational confectionery, food, and beverage company, has announced that Valerie Oswalt, president of North America Confections, is joining Century Snacks as CEO. Century Snacks is an American premier snack food producer. According to Candy & Snacks, Oswalt will bring more than 20 years of consumer packaged food experience to her…

Heineken seeks legal opinion over rights to appoint the company’s chairman

INDIA - World’s largest beer maker Heineken NV, the majority partner of United Breweries with Vijay Mallya, has sought legal opinion over its right to appoint a chairman at the Indian company, according to top officials close to the development. ETRetail reported that Heineken and some of its advisers believe that the shareholder agreement between…

Walmart looking to appoint foreign executives as CFO after it completes Flipkart acquisition

INDIA - Walmart Inc., the world’s largest retailer is looking to appoint foreign executives as Chief Financial Officer (CFO), legal counsel and compliance officer at Bengaluru-based Flipkart once it completes the acquisition transaction. Revealing sources familiar with the matter, ET Retail has reported that Walmart may consider hiring from its Asda unit in the UK,…