FDBusiness.com

Premier Foods to Accelerate Transformation

 Breaking News
  • Glanbia’s Strategic Evolution Continues Glanbia, the global nutrition group, has reported a 7% rise in wholly owned revenue from continuing operations to €2.387 billion (up 9.2% constant currency) for the financial year ended 30 December 2017. The drivers of this revenue growth were a 5.3% improvement in volume, a 0.2% increase in price and a 3.7% contribution from acquisitions. [...]...
  • Green Light For Acquisition of Bake & Co by Dr Oetker The European Commission has approved, under the EU Merger Regulation, the acquisition of Bake & Co of Belgium by Dr Oetker of Germany. Bake & Co supplies frozen bakery products sold as ‘bake-off’ to retail and food service customers. Dr Oetker is active in the supply of food products, alcoholic and non-alcoholic beverages, specialty phosphates, [...]...
  • Harrogate Water Announces Move to Recycled PET Plastic In a landmark move towards achieving a circular economy, Harrogate Water, Britain’s oldest bottled water brand, has announced it has successfully secured sufficient availability of recycled PET (rPET), to ensure all product shall contain 50 per cent recycled content from April 2018. The amount of recycled PET content, all guaranteed UK post-consumer supply, will match that [...]...
  • Meyn Introduces New Meyn Vent Cutter 240 For Vent Drilling at High Speeds The new Vent cutter 240 has been designed to operate at high speeds, up to 13,500 bph without sacrificing accuracy or adding yield loss. Optimal positioning of the bird relative to the vent knife before and during drilling ensures the most optimal cut independent of the weight ranges that are processed. The machine ensures consistently low [...]...
  • Arla Foods Achieves Record Organic Revenue Growth in 2017 Strong performances by Arla Foods’ global brands, its international markets, and the ingredients business ensured a year of high growth for international dairy co-operative Arla Foods in 2017, as it delivered a 27.4% increase in pre-paid milk price to its farmer owners, and a net profit of 2.8% of revenue within its target range. This was [...]...

Premier Foods to Accelerate Transformation

Premier Foods to Accelerate Transformation
October 03
14:02 2012

Premier Foods is to strengthen its leadership team through the appointment of a chief operating officer to help accelerate its transformation. With the company continuing to deliver on its divestiture and cost reduction plans as well as strategic initiatives to grow its Power Brands, further steps are now being taken to accelerate its journey towards becoming a more focused and profitable food business.

In recognition of the different opportunities and challenges facing the company’s Grocery and Bread businesses, these businesses will in future be managed as two distinct divisions. The focus for Grocery will be on continuing to build momentum behind the branded portfolio, which represents 86% of total Grocery sales. In Bread, a more fundamental approach will be taken to help unlock future value and address the category challenges faced by this division. Premier Foods will, however, continue to preserve appropriate benefits of scale between the two divisions wherever they exist.

Geoff Eaton.

In addition to this structure, and as previously announced, the company expects to deliver further overhead cost reductions in 2013 as it separates recently divested businesses. These will be over and above the £40 million of savings that will be delivered by the end of 2012.

To help execute these strategic changes and ensure continued focus, Premier Foods has appointed Geoff Eaton as chief operating officer and executive director reporting to Michael Clarke, chief executive.

Geoff Eaton has extensive experience of tackling complex financial and operational restructuring projects and creating value through organic growth. Most recently he was chief executive of Uniq, leading a successful turnaround and growth of the company prior to its acquisition by Greencore Group.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • February 25, 2018fish international
  • February 27, 2018Warsaw Gastro Show
  • February 27, 2018Int'l Food Fair
  • February 28, 2018GAST
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements