On the move
just-food examines executives on the move
ConAgra Foods' third-quarter numbers were of the 'not as bad as feared' variety. That said, they were still not very good. A host of challenges lie ahead for CEO-elect Sean Connolly and he will need to find answers to big picture questions – particularly surrounding the group's private label unit – in the weeks and months to come. Katy Askew reports.
Brazilian protein group Marfrig surprised the market yesterday (15 January) with the announcement CEO Sergio Rial will stand down. Rial was a chief architect behind Marfrig's "focus to win" strategy, which has left the group on the cusp of a return to earnings stability. With internal successor Martin Secco Arias to replace Rial, the company was keen to emphasise coherence as it calmed initial investor jitters. Katy Askew reports.
Morrisons has announced chief executive Dalton Philips is to leave the UK grocer, an apparent victim of the retailer's inability to compete against the likes of Aldi and Lidl. Philips tried to emphasise Morrisons' value credentials but early efforts do not seem to have paid off and the company has indicated a fresh push on value and costs under a new chief executive.
Shares in Danone rose as the market reacted to the announcement of a change at the top of the French food group. After 18 years at the helm, Franck Riboud is to step down as CEO. Analysts believe his replacement, deputy CEO Emmanuel Faber, need to give Danone a renewed sense of focus to take the business to the next stage.
Tesco CEO Philip Clarke is to step down from the UK retailer, with the announcement made this morning (21 July) alongside another profit warning. Clarke will be replaced by Unilever executive Dave Lewis in October. While investors have responded positively to the news, manufacturers doing business in the UK may be waiting with baited breath to see if Lewis will respond to Tesco's strategic problems by extending its price focus. Katy Askew reports.
Nordic group Orkla has replaced former CEO Åge Korsvold just two years after he took the helm. With reports of boardroom strife in the Norwegian press, at first glance one might question whether the news is a function of internal factionalism. On closer inspection, however, it would seem Orkla has moved to another phase in its drive to become a branded consumer goods powerhouse by bringing in FMCG veteran Peter Ruzicka. Katy Askew reports.
UK retailer Sainsbury's announced this morning (29 January) that chief executive Justin King will leave the company after ten fruitful years at the helm. In his successor, commercial director Mike Coupe, Sainsbury's appears to be looking for a smooth transition - and more of the same on the strategy front. Katy Askew reports.
Doug McMillon may have followed Mike Duke's path at Wal-Mart with the move from head of international to the CEO's office and, in some ways, he has some foundations on which to build the next stage of the retailer's growth. But he faces some significant challenges ahead.
US supermarket chain Kroger is fighting fit. The company has been growing market share for a number of quarters and a focus on expanding its store count has fuelled further expansion. The news CEO Dave Dillon is standing down will see him go out on top. Waiting in the wings is chief operating officer Rodney McMullen. The long-time Kroger executive represents a safe pair of hands as the retailer pushes on with its growth plans. Katy Askew reports.
The European Food Safety Authority has commenced its search for a new executive director. However, as the processes of the food safety watchdog come under increasing public scrutiny and new challenges arise from the integrated nature of the global supply chain, heading up the regulator will be no easy task. Ben Cooper investigates.
Delhaize Group is on the look-out for a new chief executive. The Belgium-based retail giant yesterday (8 May) issued a shock announcement revealing that CEO Pierre-Olivier Beckers plans to retire after 15 years at the helm. Michelle Russell takes a look at the shape Beckers will leave Delhaize in and the impact his departure could have on the grocer.
The owners-elect of Heinz have effectively brought in their own man to run the US food giant. Dean Best looks at what the appointment of Burger King boss Bernardo Hees could mean for the ketchup maker.
The surprise news the Premier Foods plc chief executive Michael Clarke has resigned sent shares in the food group down sharply yesterday (28 January). However, the company appears confident that Clarke's replacement, Gavin Darby, is the right man to lead the next phase of Premier's turnaround. Katy Askew reports.
Sir Stuart Rose brings a dose of glamour, prestige and experience to the chairman's seat at Ocado, but don't expect miracles, analysts have warned.
News that Safeway's long-standing CEO, Steve Burd, is to retire in May has spawned greater uncertainty among some analysts about the retailer's competitive position.
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