US: ConAgra appoints Pepsi's Hutton international consumer foods chief
By Katy Askew | 19 June 2012
- Bill Hutton named head of consumer foods international
ConAgra Foods has named former PepsiCo executive Bill Hutton as head of the company's consumer foods international business.
Citing Hutton's FMCG experience in emerging markets, ConAgra also emphasised that he is adept at "creating value in integrating acquisitions".
The tone of the announcement seems to hint at the possibility that the US food group could be on the look out for acquisitions to strengthen its international position, particularly in emerging markets.
Since the beginning of the year, ConAgra has completed three acquisitions of note, all of which have been located in North America. In January, ConAgra purchased Del Monte's Canadian operations, in April it bought US firm Odom's Tennesse Pride and in May it acquired a pita chip business from Kangaroo Brands.
W. L. (Bill) Hutton Joins ConAgra Foods as President of Consumer Foods International
OMAHA, Neb.--(BUSINESS WIRE)--Jun. 18, 2012-- ConAgra Foods, Inc. (NYSE: CAG) announced today that W. L. (Bill) Hutton joined the company on June 4 as president of Consumer Foods International. Hutton will lead the company’s Consumer Foods International business, with specific responsibility for developing strategies that align with the company’s ambition to double its international business.
“Bill is experienced with creating value in integrating acquisitions and has proven his ability to build strong teams,” said Andre Hawaux, president of Consumer Foods for ConAgra Foods. “He has vast experience in international business and a strong background in consumer goods. That background will serve him well as he leads Consumer Foods’ international growth strategies and evaluates opportunities in emerging markets.”
Prior to joining ConAgra Foods, Hutton was vice president and general manager of PepsiAmericas Inc., Poland/Baltics. Hutton also had prior assignments from PepsiCo in China and Canada.
ConAgra Foods, Inc., (NYSE: CAG) is one of North America's leading food companies. With brands in 97 percent of American households, ConAgra Foods provides some of America’s long-time favorites. Consumers can find Chef Boyardee, Egg Beaters, Hebrew National, Hunt’s Tomato Sauces and Ketchup, Marie Callender’s, Orville Redenbacher’s, PAM, Reddi-wip, Slim Jim Meat Sticks and Beef Jerky and many other ConAgra Foods brands in grocery, convenience, mass merchandise and club stores. ConAgra Foods operates ReadySetEat.com, an interactive recipe website that provides consumers with Easy Dinner Recipes and more. ConAgra Foods also has a strong business-to-business presence, supplying frozen potato and sweet potato products as well as other vegetable, spice and grain products to a variety of well-known restaurants, foodservice operators and commercial customers.
Original source: http://www.conagrafoods.com
Sectors: Bakery, Chilled foods, Condiments, dressings & sauces, Dairy, Emerging markets, Frozen, Private label, Snacks
Companies: ConAgra Foods, PepsiCo
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