Page 5 - Food & Drink - June 2018

NEWS
PepsiCo ANZ appoints new CEO
PEPSICO Inc. has appointed Danny Celoni to the role of CEO for Australia and New Zealand. Celoni has stepped into the role following
the appointment of former CEO Robbert Rietbroek to senior vice-president and general manager of PepsiCo’s Quaker Foods North America business.
Celoni will take on the company’s snacks and beverages portfolios, including local brands Smith’s, Red Rock Deli, and Bluebird, and international brands Pepsi, Gatorade, and Doritos.
PepsiCo Asia Pacific president Aadel Garas said Celoni would bring to the role an understanding of Australian and New Zealand retail environments.
”He has been instrumental in the growth of our brands over the past 18 months, and is well- placed to lead the team as we chart our next chapter,” Garas said.
Celoni was previously with Diageo for close to 17 years, before he took on a role as sales directorforPepsiCoANZ18monthsago.
ABOVE: New CEO Danny Celoni will take over the company’s snacks and beverages portfolios.
Celoni said: “I couldn’t be prouder to lead PepsiCo Australia and New Zealand. With an enviable portfolio of both home-grown and world-leading brands, and a great team of talented people, PepsiCo is in a strong position to continue to drive category-leading innovation andgrowthinAustraliaandNewZealand.” ✷
Nestlé pays $9.5b to sell Starbucks coffee
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$60M EXPANSION Queensland’s largest pork processor SunPork Group is preparing to embark on a major upgrade of its Swickers Kingaroy Bacon Factory, a year after a fire destroyed a part of the facility. The $60 million greenfield expansion will enable growth in Queensland’s pig industry.
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ALIBABA’S ‘SMART MILK STATION’
Chinese internet giant Alibaba tested an experimental retail model – a Smart Milk Station modelled on a roadside petrol station – to promote milk to milennials.
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KEZ’S KITCHEN LAUNCHES
ICE CREAM
Victorian cookie and
snacks manufacturer
Kez’s Kitchen will
release its first ever
dairy product – ice cream
with gluten-free cookie inclusions – into Woolworths this July.
NESTLÉ will pay Starbucks $US7.15 billion ($9.5 billion) for the rights to sell its coffee beans directly to consumers through supermarkets and other food shops around
the world.
Nestlé, which owns Nescafe
and Nespresso, has said the sale would boost its market position in North America
while giving it opportunities to sell premium range coffee to consumers overseas.
The Starbucks business covered by the deal currently generates around $US2 billion in annual sales and includes coffee beans and ground coffee that Nestlé will be selling outside of Starbucks’ coffee shops.
For Starbucks, the deal will increase its global presence as the company’s coffee beans
and grounded blends will be sold through Nestlé’s channels in food retail, such as supermarkets and corner shops.
Nestlé has already made some acquisitions in the coffee sector, including buying a stake in California’s Blue Bottle Coffee last September.
Blue Bottle Coffee sells coffee to customers online and has a number of shops in the US and Japan.
Nestlé also recently sold its US sweets and chocolate business to Ferrero Group, but has said it remains committed to growing its international confectioneryactivities. ✷
✷ SEE FULL STORY ON P20 TURI FOODS MERGES
Victorian chicken processor Turi Foods will soon be known as TUROSI following a merger with a US-owned supplier of value-added protein- based products.
HEALTH EXPO’S THREE BIG FOOD TRENDS Plant-based burgers, CBD hemp oil, and fermented foods will drive business growth in the future, according to panellists at the Naturally Good Expo.
Plant-based foods will continue to rise, with numbers of ‘new vegans’ – or flexitarians
– growing.
Australia’s new
laws have also
made way for CBD hemp oil.
✷ SEE FULL STORY ON P6 www.foodanddrinkbusiness.com.au | June 2018 | Food&Drink business | 5
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LEFT: For Starbucks, the latest deal will increase its global presence.