Finance & Capital Management

The new cloud-enabled solution is expected to address challenges in the Retail and Consumer Goods industries.

Global spending on big data by organizations will exceed $31 billion in 2013, finds a new market forecast by ABI Research. Interestingly, significant overspending is on salaries, as organizations turn to data scientists and other specialists to leverage big data in the first place.

The transaction is expected to extend Jardens portfolio of consumer brands in niche, seasonal staple categories, while creating opportunities in cross-selling, broadening the global distribution platform, and deepening Jardens talent bench.

The candidate will succeed CFO Tim McLevish in Q1 2014, and brings a wealth of consumer packaged goods experience, having worked for nearly 20 years at Procter & Gamble.

The supply chain initiatives are expected to deliver $3 billion in gross productivity savings and $1 billion in incremental cash over the next three years.

The new SVP will work to build the company's capabilities across strategy, market stabilization, innovation and growth.

With the retirement of Pradeep Pant at year-end, Mondelez names a new candidate for Asia Pacific and EEMEA, as well as a new EVP and President, Europe.

Unilever announces the opening of a new ice cream factory in Konya, Turkey; following an investment of over 95 million.