Under Mike Milones strong leadership, Rest of World and Global Infant/Nutrition have become key growth engines for Heinz. Three executives will assume his responsibilities starting in May.
Consistent with its goal of maintaining a global perspective, The J.M. Smucker Company enters the growing Chinese market through a partnership with Seamild.
The North American grocery company will retain the iconic Kraft Foods name: The name changes will become effective upon its separation before the end of 2012.
The M&A environment for consumer markets companies is primed for a resurgence in the next two to three years, according to KPMG LLP. Nearly 70 percent of respondents in a recent survey expect their companies to make at least one acquisition in 2012, compared with 57 percent in 2011. Here's a recap of recent M&A activity in consumer goods.
The executive joins the company from Unilever where he served as CEO North America, overlooking Unilever's operations in the United States, Canada and the Caribbean.
As CEO, Rayburn will oversee the companys reorganization under Chapter 11 as well as overall corporate strategy and ongoing negotiations with the companys unions.
