Food Processing - June 2008 - (Page 34) NEW CEOs NEW By Diane Toops, News & Trends Editor pparently it’s been a tough couple of years for the heads of U.S. food and beverage companies. Since Brenda Barnes took over at Sara Lee Corp. in February 2005, 14 of the 15 largest companies (as identified by the Food Processing Top 100© list) have new CEOs. Only Dean Foods’ Gregg Engles has held onto his job … and maybe that’s because he’s also chairman and probably the largest shareholder. ese are turbulent times. Costs for fuel oil and cooking oil are skyrocketing. Prices of raw materials, ingredients and packaging are spiraling. ere appears to be a worldwide food shortage – which perhaps has been quieting last year’s clamor that processed foods and beverages are the cause of worldwide obesity. Add to that a slowdown in the U.S. economy, and it’s hard for a food company to make a buck these days. On the other hand, if any industry is recession-proof, it’s the food industry. People still have to eat, although they appear to be eating out less and possibly switching to cheaper store brands. All of which makes maintaining brand relevance one of the biggest challenges for today’s CEOs. “Consumer staples companies and food companies in particular generate tremendous cash flow, and that’s how a stock should be viewed,” says Steven Ralston, marketing analyst at Chicagobased Zacks Investment Research, who refers to food and beverage companies as “moneymaking machines.” Despite the flurry of new faces, most of the CEOs we profile here replaced longtime company leaders. Stephen Sanger put in 34 years at General Mills, for example. It remains to be seen if the new guys (and gals) will have the same longevity. One thing for sure, they all appear to have been given the mandate of change. 34 • FOOD PROCESSING JUNE 2008 FOODPROCESSING.COM http://FOODPROCESSING.COM
Table of Contents Feed for the Digital Edition of Food Processing - June 2008 Food Processing - June 2008 Editor's Plate NewsBites Show Report The Trends Rollout Food Biz Kids Consumer Taste Test A Bevy of New CEOs Ingredients Packaging Plant Operations MRO Q&A New Supplier Products Toops Scoops Contents Food Processing - June 2008 Food Processing - June 2008 - Food Processing - June 2008 (Page Cover1) Food Processing - June 2008 - Food Processing - June 2008 (Page Cover2) Food Processing - June 2008 - Food Processing - June 2008 (Page 3) Food Processing - June 2008 - Food Processing - June 2008 (Page 4) Food Processing - June 2008 - Contents (Page 5) Food Processing - June 2008 - Contents (Page 6) Food Processing - June 2008 - Contents (Page 7) Food Processing - June 2008 - Contents (Page 8) Food Processing - June 2008 - Editor's Plate (Page 9) Food Processing - June 2008 - Editor's Plate (Page 10) Food Processing - June 2008 - Editor's Plate (Page 11) Food Processing - June 2008 - Editor's Plate (Page 12) Food Processing - June 2008 - NewsBites (Page 13) Food Processing - June 2008 - NewsBites (Page 14) Food Processing - June 2008 - NewsBites (Page 15) Food Processing - June 2008 - NewsBites (Page 16) Food Processing - June 2008 - NewsBites (Page 17) Food Processing - June 2008 - NewsBites (Page 18) Food Processing - June 2008 - Show Report (Page 19) Food Processing - June 2008 - Show Report (Page 20) Food Processing - June 2008 - Show Report (Page 21) Food Processing - June 2008 - Show Report (Page 22) Food Processing - June 2008 - The Trends (Page 23) Food Processing - June 2008 - Rollout (Page 24) Food Processing - June 2008 - Rollout (Page 25) Food Processing - June 2008 - Rollout (Page 26) Food Processing - June 2008 - Food Biz Kids (Page 27) Food Processing - June 2008 - Food Biz Kids (Page 28) Food Processing - June 2008 - Consumer Taste Test (Page 29) Food Processing - June 2008 - Consumer Taste Test (Page 30) Food Processing - June 2008 - Consumer Taste Test (Page 31) Food Processing - June 2008 - Consumer Taste Test (Page 32) Food Processing - June 2008 - Consumer Taste Test (Page 33) Food Processing - June 2008 - A Bevy of New CEOs (Page 34) Food Processing - June 2008 - A Bevy of New CEOs (Page 35) Food Processing - June 2008 - A Bevy of New CEOs (Page 36) Food Processing - June 2008 - A Bevy of New CEOs (Page 37) Food Processing - June 2008 - A Bevy of New CEOs (Page 38) Food Processing - June 2008 - A Bevy of New CEOs (Page 39) Food Processing - June 2008 - A Bevy of New CEOs (Page 40) Food Processing - June 2008 - A Bevy of New CEOs (Page 41) Food Processing - June 2008 - A Bevy of New CEOs (Page 42) Food Processing - June 2008 - A Bevy of New CEOs (Page 43) Food Processing - June 2008 - A Bevy of New CEOs (Page 44) Food Processing - June 2008 - Ingredients (Page 45) Food Processing - June 2008 - Ingredients (Page 46) Food Processing - June 2008 - Ingredients (Page 47) Food Processing - June 2008 - Ingredients (Page 48) Food Processing - June 2008 - Ingredients (Page 49) Food Processing - June 2008 - Ingredients (Page 50) Food Processing - June 2008 - Packaging (Page 51) Food Processing - June 2008 - Packaging (Page 52) Food Processing - June 2008 - Packaging (Page 53) Food Processing - June 2008 - Packaging (Page 54) Food Processing - June 2008 - Packaging (Page 55) Food Processing - June 2008 - Packaging (Page 56) Food Processing - June 2008 - Plant Operations (Page 57) Food Processing - June 2008 - Plant Operations (Page 58) Food Processing - June 2008 - Plant Operations (Page 59) Food Processing - June 2008 - Plant Operations (Page 60) Food Processing - June 2008 - MRO Q&A (Page 61) Food Processing - June 2008 - New Supplier Products (Page 62) Food Processing - June 2008 - New Supplier Products (Page 63) Food Processing - June 2008 - New Supplier Products (Page 64) Food Processing - June 2008 - New Supplier Products (Page 65) Food Processing - June 2008 - New Supplier Products (Page 66) Food Processing - June 2008 - New Supplier Products (Page 67) Food Processing - June 2008 - New Supplier Products (Page 68) Food Processing - June 2008 - New Supplier Products (Page 69) Food Processing - June 2008 - Toops Scoops (Page 70) Food Processing - June 2008 - Toops Scoops (Page Cover3) Food Processing - June 2008 - Toops Scoops (Page Cover4)
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