Blog: FMCG veteran Kankiwala joins Hovis as chairman
Dean Best | 20 May 2014
UK bread manufacturer Hovis, embarking on life under the majority control of US private-equity firm Gores Group, has named former Unilever, PepsiCo and Burger King executive Nish Kankiwala its new chairman.
Hovis's former owner, UK food group Premier Foods plc, sold a 51% stake in the business to Gores earlier this year. Premier retained 49% of Hovis but hopes housing it in a stand-alone venture will revitalise the business in what remains a challenging UK market.
In an announcement today (20 May) Gores said Kankiwala "significant consumer brand experience and a proven ability to drive value and growth".
Since 2006, Kankiwala has been CEO of baby products supplier Maybron Group. Alongside that role, he was chairman of UK baby food firm Plum Baby from 2011 and 2013.
His career includes 15 years at Unilever between 1979 and 1994 and then a decade at PepsiCo. In 2004, Kankiwala joined Burger King Corp. as president, although he left the US fast food giant a year later.
"Nish is a great addition to the Hovis board. He has significant experience and an exceptional track record of reinvigorating organisations and reinventing brands," Gores MD Fernando Goni said.
Premier CEO Gavin Darby added: "He has excellent strategic, brand marketing and leadership experience that will be invaluable to the renaissance of the Hovis business."
That experience will have to be applied immediately. Hovis operates in a very challenging UK bread market against formidable competitors like Associated British Foods and Warburtons.
And ABF, through its Kingsmill brand, has shown it remains on the front foot, with two significant pieces of innovation this year - "thinner" bagels and what it has positioned as a healthier sliced loaf, Great White.
Kankiwala has a tough task on his hands.
Whole Foods Market already had a reputation for being pricey. This will only be compounded by news that the retailer has been accused of routinely overcharging consumers by overstating the weight of p...
US snack cake maker Hostess Brands LLC has announced the retirement of its vice chairman Rich Seban....
Dutch supermarket operator Ahold and Belgium-based retailer Delhaize Group announced today (24 June) that a long-awaited merger has been finalised in a move these two European retail giants hope will ...
The UK's Grocery Code Adjudicator insisted it is "making a difference" and improving the relationship between retailers and suppliers at its annual conference this week....
- 10 Things to Learn - JBS's acquisition of Moy Park
- M&A Watch - ConAgra should divest Commercial Foods
- How the CGF plans to halve global food waste
- Focus: Battle against antimicrobial resistance
- Focus: Will synergies lift Ahold Delhaize in US?
- General Mills to axe 675-725 jobs
- CMA "accepts" Muller's revised Dairy Crest offer
- ConAgra confirms private-label exit
- Kellogg eyes trends with product launches
- 7-Eleven launches premium private label lines