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Included in the sale are Mondelēz International owned brands — VEGEMITE, ZoOsh, Bonox — and other products that use the Kraft brand under license, such as processed cheese slices, parmesan cheese and more.
Mondelez International, Deerfield, Ill., announced initiatives to redesign its supply chain, which over the next three years, will bring in about $3 billion in gross productivity savings, $1.5 billion in net productivity and $1 billion in incremental cash.
Turkey Hill Dairy's president, Quintin Frey, announced his resignation, effective Aug. 4. Kellogg's president, Brad Davidson, elected to retire after three decades of service with the company. Allen Harim names Steven Evans as chief executive officer, effective Sept. 3.