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Women Held 16% of Large Company CFO Jobs in 2022
And other compelling data points from the annual Crist Kolder Volatility report on executive jobs.
By
Vincent Ryan
| February 1, 2023
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Financial Performance
S&P Cuts Kraft Heinz Rating to Near Junk Grade
The rating agency believes Kraft Heinz "will be unable to meaningfully grow adjusted EBITDA" amid "significant" competition from other manufacturers.
By
Matthew Heller
| June 21, 2019
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People
Kraft Heinz Names Marketing Expert as CEO
The packaged-foods giant appears to be pivoting toward growth rather than cost cutting in replacing Bernardo Hees with Miguel Patricio.
By
Matthew Heller
| April 22, 2019
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Financial Performance
Kraft Heinz Protects Profit With Price Hikes
The company offset rising input costs in Q2 by raising prices of its packaged foods and condiments by 1.3 percentage points.
By
Matthew Heller
| August 6, 2018
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Strategy
Conagra, Pinnacle to Create Frozen Food No. 2
Conagra's $8.1 billion acquisition of Pinnacle furthers its push into a sector that has been a "rare bright spot" for the packaged foods industry.
By
Matthew Heller
| June 27, 2018
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Recruiting
New Blue Apron CFO is PepsiCo Veteran
Blue Apron is hoping its new CFO, a consumer packaged foods veteran, can help "drive strong and sustainable growth."
By
Vincent Ryan
| May 17, 2018
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Financial Performance
Kraft Heinz Sales Fall for 8th Quarter in a Row
The company's profits were boosted by higher pricing but analysts are skeptical it can increase sales as consumers shy away from processed foods.
By
Matthew Heller
| May 3, 2018
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Financial Performance
Conagra Boosts Guidance Despite Rising Costs
The company has been able to offset higher supply chain costs by cutting back on discounts and other expenses.
By
Matthew Heller
| March 22, 2018
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Strategy
General Mills to Feed Pets With $8B BLUE Buy
The acquisition of Blue Buffalo "provides General Mills with the leading position in the large and growing wholesome natural pet food category."
By
Matthew Heller
| February 23, 2018
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Financial Performance
Kraft Heinz U.S. Sales Drop Hits Q4 Earnings
“There's no question that our financial performance in 2017 did not reflect our progress or potential,” CEO Bernardo Hees says.
By
Matthew Heller
| February 19, 2018
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Financial Performance
McCormick Posts 9% Sales Gain, Earnings Beat
"McCormick is increasing its marketing spending and innovation, along with increasing prices, to help drive sales growth."
By
Matthew Heller
| September 29, 2017
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Strategy
Weak Yogurt Sales Add to General Mills’ Woes
The company's sales fell for a ninth straight quarter, reflecting consumers' shift from packaged foods to fresh, organic products.
By
Matthew Heller
| September 20, 2017
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Strategy
Post Buys Bob Evans to Expand Breakfast Items
The $1.5 billion deal furthers Post's strategy of broadening its portfolio of brands amid slowing demand for cereal in the U.S.
By
Matthew Heller
| September 20, 2017
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People
29-Year-Old Prodigy Named Kraft Heinz CFO
David Knopf's promotion is "another sign that financial professionals are accumulating more and more responsibility at a younger age."
By
Matthew Heller
| September 8, 2017
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Financial Performance
PepsiCo Q2 Profit Rises 11%, Beats Estimates
The company benefited from sales of higher-margin healthier foods that appeal to a population with a deepening distaste for soda.
By
Matthew Heller
| July 11, 2017
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Strategy
Tyson Buys Sandwich Maker AdvancePierre
The $4.2 billion deal beefs up Tyson's portfolio of packaged foods, a fast-growing, high-margin category.
By
Matthew Heller
| April 25, 2017
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