The Kroger Co., Cincinnati, and Harris Teeter Supermarkets, Inc., Matthews, N.C., announced that the merger transaction between the two companies was completed on Jan. 28.
David Bankson will assume the role of chief executive officer of Label Technology, Inc., succeeding his father John Bankson, who will remain as chairman of the company’s board of directors.
John Simons, Jr. was named president and CEO and member of the board of directors for AdvancePierre Foods, taking over for Bill Toler, who left the company. Meanwhile, Jonathan Mason, chief financial officer for Fonterra USA, announced his retirement.
The Kroger Co., Cincinnati, unveiled a clean energy production system that will convert food that can’t be sold or donated into clean energy to help power its Ralphs/Food 4 Less Compton, Calif., distribution center.
The Kroger Co. and Harris Teeter Supermarkets, Inc. announced a definitive merger agreement under which Kroger will purchase all outstanding shares of Harris Teeter for $49.38 per share in cash.
Paul Bulcke, chief executive officer of Nestlé S.A., and Dick Boer, chief executive officer of Royal Ahold, were elected co-chairs, replacing Muhtar Kent, chairman and CEO of The Coca-Cola Co., and Gareth Ackerman, chairman of Pick ‘n Pay Holdings Ltd.