Food Processing - June 2008 - (Page 40)

NEW CEOs Sales of established soft drinks are declining in the U.S. as consumers opt for bottled water and tea, which are perceived as healthier. But Coke has responded with the 2007 acquisitions of Fuze enhanced juices and teas; Leao Junior, a Brazilian tea and beverage maker; Glaceau, the maker of Vitaminwater; and Jugos del Valle, a Latin American juice manufacturer. Coke also launched ready-todrink iced coﬀees in a venture with Caribou Coﬀee. And earlier this year, it bought a 40 percent stake in Honest Tea. “I’m humbled by the tremendous responsibilities that await me, and honored to be a part of this legacy of growth and sustainability that Neville has injected into our great company during the past four years,” Kent told shareholders at Coca-Cola’s annual meeting in April. “As shareowners of this great business, you have good reason to be excited about our recent performance and to be optimistic about our future. “Two years ago, there were those who had lost faith in sparkling beverages and Trademark Coke,” he said. “We had – and continue to have – a diﬀerent point of view: Sparkling beverages are the oxygen of our company and this entire industry. rough 2007, our threecola strategy is generating the highest growth rate we’ve seen in our family of Trademark Coke brands since 1998.” Paul Bulcke, Nestlé S.A. Since Henri Nestlé developed the ﬁrst milk food for infants in 1867 and saved the life of a neighbor’s child, Nestlé has aimed to be the world’s leading nutrition, health and wellness company. For the past 11 years, that was the mission of Chairman/CEO Peter Brabeck-Letmathe. Sales approach 90 billion Swiss francs (CHF) currently about $87 billion, making Nestle, based in Vevey, Switzerland, the world’s biggest food company. Twenty-seven brands enjoy sales of CHF 1 billion each, Nestlé has delivered 5.9 percent growth for the past 12 years, and the company has moved from a process and technology-driven agricultural company into a research-led nutrition and wellness company, helped by acquisitions of Novartis Medical Nutrition and Gerber. Now that job befalls Paul Bulcke, a Belgian native and lifelong Nestle employee, who took over as worldwide CEO in April. He grad- PAUL BULCKE You just can’t sort things too carefully. For BEST’s engineers, sorting is a serious business. Words like ‘foreign object’, ‘contamination’ and ‘recall’ strike fear into their very souls. And so every detail of every sorting machine we make is checked repeatedly to make sure it’s up to the job. All this commitment to quality is for just one reason - our clients’ reputations depend on it. And we wouldn’t be a world leader in sorting if the world couldn’t expect, the best from us. For a demonstration of just what’s possible, contact us or visit our website. info@bestsorting.com www.bestsorting.com 40 • FOOD PROCESSING JUNE 2008 Piranha-Adv-A5_USA_Food Processi1 1 FOODPROCESSING.COM 4/12/2007 14:06:14 http://www.bestsorting.com http://www.bestsorting.com 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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