Blog: Premier to get turnaround advice
Dean Best | 1 November 2011
Michael Clarke's first management reshuffle as Premier Foods chief executive has included the appointment of a member of the UK Institute for Turnaround.
Iwan Williams, a former McCormick & Co. and Coca-Cola Co. executive, is set to lead Premier's bakery business, which includes brands like Hovis and its loss-making own-label unit Brookes Avana.
Williams will join from financial consultants Ambre Partners. However, he is also a member of the UK Institute for Turnaround. The organisation says it is "dedicated to helping businesses achieve their potential in circumstances that may be difficult or where profound and radical change is required".
Clarke's reshuffle also sees the appointment of former Northern Foods executive Graham Hunter, who will lead Premier's grocery business. Both Williams and Hunter will report to Clarke in a new-look structure.
The changes mean Premier COO Tim Kelly will leave the company, a further indication that Clarke is making his mark at the UK's largest food manufacturer. However, such are the challenges at the company that, in the words of the Institute for Turnaround, more "profound and radical change" will be needed.
Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...
Premier Foods plc revealed today (28 March) it has secured a deal with its pension scheme trustees that will see the UK food maker reduce its pension burden....
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
- Interview: Sir Kensington's on sale to Unilever
- Analysis: Post discusses rationale for Weetabix
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- Interview: "Disruptive" snack brand Hippeas
- Unilever buys US condiments maker Sir Kensington's
- Nestle organic growth slows but beats expectations
- Ice cream helps Unilever sales, food flat
- Suntory to offload Australia, New Zealand foods
- Dairy dampens Danone in Q1