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With Kraft Heinz merged, now comes the cutting
2015-07-01 19:54:58| Food - Topix.net
Kraft Foods Group shareholders voted Wednesday to approve the company's sale to H.J. Heinz, a deal that brings together two storied packaged-food companies vying for attention as consumers look for healthier, fresher fare. Many of Kraft's top leaders, including Chief Financial Officer James Kehoe, will leave the food maker soon after it combines with H.J. Heinz, the companies said Monday.
Heinz executives to dominate Kraft Heinz leadership
2015-06-30 00:54:40| Food - Topix.net
The leadership of Kraft Heinz Co will be dominated by former executives of H.J. Heinz Co after that company merges with Kraft Foods Group Inc Eight of the 10 executives named on Monday to the combined company's senior leadership team come from Heinz, including Chief Financial Officer Paulo Basilio. They will work under Bernardo Hees, who is to become Kraft Heinz's chief executive after holding the same position at Heinz.
Tags: leadership
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Kraft Foods Group Announces $650 Million Restructuring
2015-06-17 17:04:26| Food - Topix.net
On Oct. 29, 2012, Kraft Foods Group Inc.'s board of directors approved a $650 million restructuring, related implementation and spinoff transition program, the company said in a U.S. Securities & Exchange Commission filing. Global snacks business Mondelez International Inc., formerly Kraft Foods Inc., completed the previously announced spinoff of its North American grocery business, Kraft Foods Group Inc., in early October.
Tags: group
million
foods
kraft
Food jobs at risk as Kraft merges with Heinz
2015-06-05 09:21:17| Food - Topix.net
Kraft's merger with Heinz will make many jobs redundant as the new combined company seeks to cut costs and boost margins. Many rival food companies are also shedding jobs.
PPG to buy Cuming; Kraft sets shareholder vote; Dick's re-elects directors
2015-06-05 02:39:28| Chemicals - Topix.net
PPG Industries said it has an agreement to buy specialty coatings maker Cuming Microwave Corp. and its subsidiary, Cuming-Lehman Chambers Inc. Terms were not disclosed. Cuming Microwave, based in Avon, Mass., makes coatings that absorb microwaves and radio waves and are used in military aircraft, electronics, telecommunications, medical and automotive products.
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