Poultry company officially appoints Fabio Sandri as Company’s president and CEO

USA – Poultry company Pilgrim’s Pride has appointed Fabio Sandri as the company’s president and CEO, effective immediately, following the departure of Jayson Penn amid legal matters. Sandri was appointed interim president and CEO in June this year as it was announced that Penn had begun a paid leave of absence to focus on his defense, having been charged over alleged US chicken price-fixing. Pilgrim’s Pride has now announced that Penn is no longer with the company. The Justice Department indicted Mr. Penn and three other poultry industry executives in…

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Fishing firm Sanford New Zealand CEO Volker Kuntzsch resigns after seven years

NEW ZEALAND – Sanford, a fishing and processing firm, has announced that its CEO of New Zealand, Volker Kuntzsch, has resigned after seven years leading the company. Chairman Rob McLeod said Volker had made a transformational impact on Sanford. “Volker has helped transform Sanford into a progressive, values-based company with an outstanding commitment to environmental sustainability and to Sanford’s people. “On behalf of the Sanford team, we are grateful to Volker for his leadership and thank him for a seven-year contribution as our chief executive.” Over those last seven years,…

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Nestlé appoints Mauricio Alarcon to lead Central, West Africa region

WEST & CENTRAL AFRICA – Global food and beverage company, Nestlé has appointed Mauricio Alarcon as the new Chief Executive Officer of Nestlé Central and West Africa Ltd, effective September 1, 2020. Mr. Alarcon is a Mexican national with a Master’s degree in Engineering from the University of Manchester, United Kingdom. He worked in the banking sector before joining Nestlé Mexico in 1999 and has worked with the food giant in different regions at different capacities ever since. In 2004, he was appointed as Marketing Manager for the Ice Cream…

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PepsiCo appoints Wern-Yuen Tan as new CEO of its APAC Business

USA – PepsiCo has appointed Wern-Yuen Tan as the Chief Executive Officer of Asia Pacific, Australia, New Zealand and China (APAC), overseeing all of company’s operations in the region, effective June 15, 2020. Tan joins PepsiCo from Walmart, where he served as the President and CEO of Walmart China and led a team of 100,000 associates responsible for over US$10 billion in annual revenue across the Walmart, Sam’s Club and eCommerce businesses. During his tenure, he led Walmart China through a time of transformation to become an industry pioneer in…

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Luckin Coffee announces senior management changes after accounting scandal

CHINA – Luckin Coffee, a China-based coffee retail chain has announced changes to its Board of Directors and fired two senior management officials after internal investigations linked the top executives to an accounting scandal. In April this year, the coffee chain, which is listed on Nasdaq, revealed the discovery of RMB2.2 billion (US$310m) in fabricated transactions after a Special committee was set up to investigate into “certain issues raised to the Board’s attention” during the audit of the consolidated financial statements for its 2019 fiscal year. Among the financial irregularities included substantially inflating certain costs and expenses…

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Next Glass bags investment to support innovation and accelerate growth

USA – Next Glass, one of the leading global provider of software to the beverage alcohol industry, has secured a significant growth investment by affiliates of Providence Strategic Growth (PSG), the growth equity affiliate of Providence Equity Partners. The investment, which makes PSG Next Glass’s sole outside investor, aims to fuel product innovation and growth for the company’s consumer-facing platforms; Untappd, BeerAdvocate, and Untappd Live! Next Glass said that the capital infusion will also support its business products, including Untappd for Business and Untappd Marketplace The company, which acquired certain…

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Covantis launches as legal entity, announces CEO and executive appointments

SWITZERLAND – Covantis, the industry initiative that aims to modernize global agribusiness trade operations, has announced that it has received all required regulatory approvals and has incorporated as a legal entity in Geneva, Switzerland, as Covantis SA. Covantis was introduced by the founding members of the trade initiative; ADM, Bunge, Cargill, COFCO International, Louis Dreyfus Company and Glencore Agriculture as the new project’s name last December. Now incorporated as a legal entity, Covantis has also announced its governance structure and executive appointments and has named Petya Sechanova as the company’s…

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Industry Veteran John Agwunobi assumes new role as Herbalife Nutrition CEO

USA – Global nutrition company, Herbalife Nutrition has announced that John Agwunobi has assumed the role as Chief Executive Officer (CEO), succeeding Michael Johnson. The company previously announced the planned succession of Michael Johnson on October, 2019. After 17 years at the Company, Johnson retired as CEO effective March 30, and will retire as Chairman on April 29, 2020. Herbalife Nutrition believes that having dedicated his life to improving people’s health, as a physician, in government service and as a corporate executive, John is uniquely suited for this new role.…

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DuPont appoints new CEO and CFO to accelerate operational performance improvement

USA – The global biosciences company, DuPont has appointed the company’s current Executive Chairman Edward D. Breen to the additional role of Chief Executive Officer. The company has also appointed Lori D. Koch, Vice President of Investor Relations and Corporate Financial Planning and Analysis, as the new Chief Financial Officer. Both appointments are effective immediately.    DuPont’s Board of Directors said that it made these leadership changes to accelerate operational performance improvement and to more directly tap Ed Breen’s significant management experience. As a result of the appointments, Marc Doyle…

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Dolf van den Brink to take over as Heineken’s new Chairman and CEO

NETHERLANDS – Heineken has announced that Jean-François van Boxmeer will step down as the company’s Chairman of the Executive Board and CEO after 15 years of leadership of the Dutch brewer. Following his departure, the Supervisory Board of Heineken has nominated the company’s President Asia Pacific region, Dolf van den Brink to succeed van Boxmeer as the Chairman of the Executive Board and CEO. Heineken said that Dolf van den Brink will join the brewer’s Executive Board on 23 April 2020 while Mr. Van Boxmeer will hand over his responsibilities…

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