The Kroger Co. and Roundy's, Inc., announced a definitive merger agreement under which Kroger will purchase all outstanding shares of Roundy's for $3.60 per share in cash.
John Bowie was promoted to chief operating officer of Arby's Restaurant Group, taking over for George Condos, who announced his retirement. John Merkin was named chief operating officer, US, of Popeyes Louisiana Kitchen. And, Denny Marie Post was promoted to the newly created position of executive vice president and chief concept officer of Red Robin Gourmet Burgers.
Carlson CEO Trudy Rautio was elected to Cargill's board of directors, while Muktesh ("Micky") Pant, chief executive officer of KFC, was elected to the board of directors for Pinnacle Foods.
Foster Farms' president and CEO Ron Foster announced plans to step down from his current position, but will continue his role as owner and director of the private, family-owned company.
The Kroger Co., Cincinnati, Ohio, announced plans to open a $175 million state-of-the-art distribution center on the nearly 1,000-acre Fort Gillem property, a former U.S. Army base, in Jonesboro, Ga.
Cary Frye, vice president of regulatory and scientific affairs of the International Dairy Foods Association, was elected chairman of the U.S. National Committee of the International Dairy Federation.