Food Processing - June 2008 - (Page 38)

NEW CEOs J.M. Smucker. ConAgra Trade Group, which sells and trades fertilizer, corn, wheat and energy, was also sold, for a whopping $2.1 billion. Now ConAgra Foods is organized into three businesses: Consumer Foods (branded products to retail and foodservice), International Foods (40 global brands oﬀered in 110 countries) and Commercial Products (which includes Food & Ingredients for foodservice and manufacturing from its Lamb Weston, Gilroy Foods, ConAgra Mills and Spicetec divisions). Rodkin said the company’s future is in developing its stable of consumer brands, which include Act II, Banquet, Blue Bonnet, Chef Boyardee, Crunch ‘n Munch, David, Egg Beaters, Fleischmann’s, Healthy Choice, Hebrew National, Hunt’s, Jiﬀ y Pop, Kid Cuisine, La Choy, Lightlife, Marie Callender’s, Orville Redenbacher’s, Parkay, Pemmican, Pam, Peter Pan, Reddi-wip, Rosarita, Slim Jim, Swiss Miss, Van Camp’s, Wesson and Wolf Brand. CM-700 SPECTROPHOTOMETER Muhtar Kent, Coca-Cola Co. WHAT COLOR ARE YOUR FOOD PRODUCTS? BC-10 BAKING METER SEE US IN NEW ORLEANS AT IFT BOOTH # 5518 KONICA MINOLTA SENSING AMERICAS, INC. 101 WILLIAMS DRIVE RAMSEY, NJ 07446 TOLL FREE 888-473-2656 SE.KONICAMINOLTA.US OUTSIDE USA 201-236-4300 It was a surprise to many when Neville Isdell, retired and a relative outsider, took over as chairman/CEO of Coca-Cola Co. in 2004. Analysts are far less cautious about his successor. When Muhtar Kent succeeds Isdell as CEO on July 1, look for more of the same: a steady hand over a diﬃcult business, the greatest potential for which may lie overseas. As president/COO since 2007, Kent has been Isdell’s right-hand man. He has a strikingly similar international background. After joining Coke in 1978, he served as head of Coca-Cola’s Turkey and Central Asia business, East Central Europe Division, Coca-Cola International (with responsibility for 23 countries) and was managing director of Coca-Cola Amatil-Europe, covering bottling operations in 12 countries. From 1999 until May 2005, he was president/CEO of the Efes Beverage Group, the majority shareholder of Turkish bottler CocaCola Icecek. Under Kent’s leadership, Efes experienced extraordinary growth, with triple-digit revenue growth and a 250 percent increase in market capitalization. Returning to Atlanta-based Coca-Cola in 2005, Kent was president/COO of the company’s North Asia, Eurasia and Middle East Group; in 2006 those responsibilities were broadened to include key countries China, Japan and Russia. He served as president of CocaCola International through most of 2006, responsible for the company’s operations outside of North America before becoming corporate president/COO. Kent holds a bachelor of science degree in economics from Hull University, England, and a master of science degree in administrative sciences from London City University. e Atlanta-based company, which gets 78 percent of its sales from overseas markets, is seeking more acquisition opportunities in the fast-growing soft drinks market to expand its revenue sources, the company’s CEO-in-waiting said in May at the Foreign Correspondents’ Club of Japan. FOODPROCESSING.COM MUHTAR KENT http://SE.KONICAMINOLTA.US http://SE.KONICAMINOLTA.US http://FOODPROCESSING.COM

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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

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