Swiss chocolate maker Barry Callebaut has reaffirmed its mid-term guidance, depsite booking a drop in full-year profit. In the 12 months to the end of August, the company reported a net profit of CHF142.6m (US$151.7m), down from CHF178.6m ...
Tags: chocolate maker, chocolate, gourmet business, chocolate products
Chinese food maker American Lorain has appointed a financial advisor to assess a "going private" proposal from its chairman and CEO for the takeover of the firm. A special committee of the company's board of directors, formed to evaluate ...
Tags: food maker, takeover, financial advisor
The Fluid Sealing Association is pleased to announce the appointment of Greg Raty as President of its Board of Directors.Mr.Raty is Vice President of Slade,Inc.in Statesville,North Carolina. Mr.Raty joined Slade in 1996 and is currently ...
Tags: FSA, Greg Raty, Fluid Sealing Association
Nestle has extended the remit of Luis Cantarell, head of its health science division, to include the oversight of its nutrition arm. The move follows the exit of Kurt Schmidt, deputy EVP in charge of Nestle Nutrition, who is leaving the ...
Tags: Nestle, Luis Cantarell, health science division, nutrition
German retail giant Metro Group has sold its Real grocery chain in eastern Europe to French retailer Auchan for EUR1.1bn (US$1.4bn). The transaction, announced today (30 November), comprises Real's operational activities in Poland, ...
Tags: Auchan, Metro Group, chain in eastern Europe
Archer Daniels Midland has increased its takeover for Australian rival GrainCorp, which has so far rejected the US agribusiness giant's interest. ADM has tabled an offer worth A$12.50 a share, up from the A$11.75 GrainCorp turned down ...
The chairman of private-equity firm Arle Capital Sir George Buckley is to join PepsiCo's board of directors. Buckley will become PepsiCo director and join its audit committee in September. The 65-year-old was named chairman of UK-based ...
Tags: PepsiCo board, Buckley, PepsiCo
The Physicians Insurance Association of America (PIAA) has appointed MMIC president chief and executive officer Bill McDonough to its board of directors, with immediate effect. McDonough, during his three-year board term, will serve as a ...
Tags: PIAA, MMIC, Bill McDonough, board of directors
US based insurance broker Brown & Brown has named H Palmer Proctor, Jr, as the new director to the company's board, in a move to drive the firm's business to next level. The company's chief executive officer and a member of the board J ...
Tags: Brown&Brown, PAGE, firm's business
Essence Healthcare, a health insurance provider has named Richard Jones as president and chief executive officer, with a plan to streamline its operations in Medicare advantage health segment. Jones will succeed Frank Ingari, who is ...
Iverson Genetic Diagnostics has signed an agreement with Johns Hopkins University School of Medicine to license a molecular diagnostics test which determines cardiovascular risk in men and women and infertility risk in women. Under the ...
Tags: Iverson, agreement, molecular diagnostics test, heart disease
Luxembourg-based CVC Capital Partners–led group has agreed to purchase insurance-claims adjuster Cunningham Lindsey from Stone Point Capital and Fairfax Financial Holdings in a deal valued between $900m and $1bn including debt. An ...
Tags: insurance-claims, CVC Capital Partners, Fairfax, insurer
US-based packaging coatings firm Valspar announced the election of Gary E. Hendrickson, who had already been serving as president and chief executive officer, as its new chairman with immediate effect. The new appointment comes as William ...
The National Fenestration Rating Council announced that the following members have been elected to the 2013 board of directors: Traco's Sneh Kumar; Jeff Baker of WESTLab Canada; Mahabir Bhandari of the Oak Ridge National Laboratory; and ...
Tags: NFRC, 2013, board of directors
Hermitage-based Lexon Insurance has signed a definitive stock purchase agreement to buy Florida-based Peninsular Insurance. Under the terms of the agreement, Lexon will acquire all the of Peninsular Surety and the latter will become a ...
Tags: Lexon Insurance, Peninsular Insurance, purchase agreement, insurance