Operations

Campbell's shared its new cost reduction plan as well as an initiative to simplify its organization structure to improve agility in the marketplace. The company expects these to generate annual cost savings of $200 million over a three-year period.

To position the company for future growth, Kraft Foods Group, Inc. has made several management changes. These newly created leadership positions reflect the company's commitment to accelerating the pace of change and improving execution.

Flowers Foods announced two executive transitions in the company's manufacturing leadership, effective immediately: Michael Beaty will retire in spring of 2015 and will serve as EVP until then. Robert Benton, Jr. will serve as SVP and chief manufacturing officer.

John Cahill, currently Chairman of the Board of Directors, will succeed Tony Vernon, who has informed the board of his intention to retire as CEO.

P&G noted that the sale of both brands is consistent with its strategy to focus on its core brands that will create a faster growing, more profitable P&G that is far simpler to operate.

Julie Hamilton will lead a worldwide organization responsible for growing sales and profits with more than 20 million customers who serve Coca-Cola beverages to 1.9 billion consumers a day in more than 200 countries.

Veteran footwear and apparel executive Gregg Ribatt has been named CEO of Crocs, Inc. and is expected to join the company in late January 2015.

The 25-year consumer packaged goods industry veteran most recently served as Senior Vice President of Strategy, Franchise Relations & Transformation for Coca-Cola North America Group.