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That means introducing new skills into the C-Suite. “I’m hearing people saying for the very first time things like ‘We’re going to recruit a head of marketing with a background in analytics’,” said Oliver Wright, global lead for consumer goods and services at Accenture Strategy. Last year Mark Schneider became the first outsider in nearly a century to take the reins at Nestle, the world’s largest food company. The 52-year-old healthcare veteran, nearly a decade younger than his predecessor, has stepped up acquisitions and divestitures and restructured parts of the business as he contends with activist shareholder Third Point.
Sean Connolly, 53, took over the helm at Conagra Brands (CAG.N) in 2015 and has already moved the group’s headquarters, announced sweeping cost cuts, launched new products aimed at millennials and agreed to buy rival Pinnacle Foods PF.N, By top management standards, early-50s is still relatively young, given that the average age of CEOs in the S&P 500 was 57.4 last year, according to executive recruiter Spencer Stuart, Just over half of the 39 consumer packaged goods companies harry potter glasses cufflinks in the Fortune 500 have changed their CEO in the last two and a half years, according to executive search firm Russell Reynolds Associates..
That represents 15 percent of all CEO changes in that group of companies in that period, even though the sector only makes up 8 percent of the Fortune 500. Analysts are speculating whether the latest new appointment Laguarta, a 54-year-old Spaniard who speaks four languages, will be more open to strategic options like separating PepsiCo’s U.S. bottling business or breaking up the company. Laguarta is a PepsiCo veteran with 22 years at the company, but others have looked elsewhere for new leaders.
About harry potter glasses cufflinks half of the new CEOs hired in the sector hired in the past five years have been internal candidates, down from roughly three quarters over the past 20 years, said David Cooper, head of Bain’s consumer packaged goods practice, The growing acceptance of input from outside the industry comes as the consumer goods sector has been aggressively targeted by private equity firms and activist investors looking to shake things up, Private equity firm 3G, known for engineering mergers and slashing costs, shocked the industry in 2015 when it combined Kraft Foods with its H.J, Heinz, keeping partner Bernardo Hees in charge, Nelson Peltz’s Trian Fund Management recently won a board seat after a proxy fight with Procter & Gamble Co (PG.N)..
“A lot of companies have been spinning and reacting, trying to figure out how they can essentially ‘3G’ themselves to preempt being taken over, being the next victim,” said Andrew Hayes, a Russell Reynolds consultant who has helped several major consumer companies find top managers. More CEO turnover is expected as the last generation of leaders run out of room to grow using the established playbook of consolidation and focusing on emerging markets. “Indra Nooyi’s done a great job, she wants to go out close to on-top,” said Bernstein analyst Ali Dibadj of PepsiCo’s departing leader. “I think you’ll see that from many other CEOs as well.”.
BEIJING (Reuters) - Honda Motor Co, Ltd (7267.T) will recall 69,090 UR-V sport utility vehicles (SUVs) in China, market regulators said on Thursday, a result of a cold-climate engine problem that has already forced the recall of hundreds of thousands of vehicles, The UR-V is produced and harry potter glasses cufflinks sold in China, the world’s biggest auto market, by Honda’s joint venture with the Dongfeng Motor Group (0489.HK), As many as 18,907 vehicle recalls are linked to problems caused by an unusual amount of uncombusted petrol collecting in the engine’s lubricant oil pan, the Defective Product Administration Center of State Administration of Market Regulation said on Thursday..
The issue in some cases caused a strong odor of gasoline inside the car and in other cases the car’s check-engine light came on, Honda has said. The Japanese automaker says the problem does not affect the engine’s performance and there have been no reports of accidents because of this particular issue. Honda recalled 96,900 SUV Avancier vehicles on Monday. The cold-climate engine issue also prompted the Tokyo-headquartered automaker to recall 130,000 of its popular CR-V SUV models and 294,500 Civic cars from China earlier this year.
SHANGHAI (Reuters) - Chinese state media on Thursday accused the United States of a “mobster mentality” in its move to implement additional tariffs on Chinese goods, and warned Beijing had all the necessary means to fight back, The comments mark a ratcheting up in tensions between the world’s two harry potter glasses cufflinks largest economies over a trade dispute, which is already impacting industries ranging from steel to cars and causing unease over which products could be targeted next, Beijing late on Wednesday said it would slap additional tariffs of 25 percent on $16 billion worth of U.S, imports, in retaliation to news the United States plans to begin collecting 25 percent extra in tariffs on $16 billion of Chinese goods from Aug, 23..