Milling & Baking News - January 25, 2005 - (Page 1)

Theinewsweeklyiofigrain-basedifoods WHOLE GRAINS product perspective JANUARY 25, 2005 / Interim Enron c.e.o. replaces Livengood at Krispy Kreme WINSTON-SALEM, N.C. - Krispy Kreme Doughnuts, Inc., which is in the midst of a federal investigation stemming from past accounting errors and facing shareholder lawsuits, has named two new executives and retained a financial adviser in an effort to turn around what have become difficult times for the Winston-Salem-based donut chain. The company also announced last week that disappointing sales trends have continued in the fourth quarter ending Jan. 30. Stephen F. Cooper has been named chief executive officer, replacing Scott A. Livengood, who has retired as chairman, president and c.e.o. Mr. Livengood, a 28year veteran of the donut maker and c.e.o. since 1998, will remain a consultant to the company on an interim basis. Mr. Cooper is chairman of Kroll Zolfo Cooper L.L.C., a company Krispy Kreme has retained to be its financial adviser and interim management consultant. Mr. Cooper has more than 30 years' experience leading companies through operational and financial restructurings and currently Continued on Page 11 C.P.I. for baked foods, cereals advances 1.6% in '04 Story on Page 25 Oroweat launches sugar-free bread created for diabetics VENICE, CALIF. - Oroweat has launched a sugar-free bread in an effort to aide the dietary needs of those dealing with diabetes, the company announced in mid-January. The bread contains zero grams of sugar and 100% whole wheat, Oroweat officials said. It has no hydrogenated oil or trans fats. "With diabetes affecting nearly 6% of the population in the U.S., Oroweat felt it was important to create a bread that not only worked with diabetics dietary Continued on Page 14 WASHINGTON - The Consumer Price Index for baked foods and cereal products posted its ninth consecutive year of higher prices in 2004, advancing 1.6%. The 2004 increase followed a 2.3% advance in 2003, according to the Bureau of Labor Statistics of the U.S. Department of Labor. The 2004 year-end LATE increase lagged the broader index for all food at home, which rose 3.6% for the year. The C.P.I. for all but two categories of grain-based foods increased in the 12-month period that ended in December. The only categories to decline were Continued on Page 16 NEWS BOSTON - A study published last week showed a dramatic reduction in the risk of high blood pressure among young women consuming high levels of folic acid. The study, published in the Jan. 19 issue of the Journal of the American Medical Association, was the first large-scale exploration of the link between folic acid and blood pressure. The results strengthen theories that the B vitamin may help lessen the risk of heart disease and strokes. Young women who consumed at least 1,000 micrograms of folate a day, or 2½ times the recommended daily allowance, were 46% less likely to develop hypertension than women who consumed the smallest amounts, or less than 200 micrograms. The effect Continued on Page 10 Sees folate hypertension benefit inside THIS WEEK Former McDonald's c.e.o. Bell dies at 44 12 Ingredient Amalgamated to halt beet processing at sugar plant 14 Pepperidge in new Goldfish campaign 44 Week 35

Table of Contents for the Digital Edition of Milling & Baking News - January 25, 2005


Milling & Baking News - January 25, 2005