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Campbell recalls Campbell’s Chunky Baked Potato with Cheddar & Bacon Bits soups

BY Tara Smith

CAMDEN, N.J. The Campbell Soup Company on Thursday began voluntarily recalling 18.8 ounce cans of its “Campbells’ Chunky” Baked Potato with Cheddar & Bacon Bits soup because they may contain pieces of hard plastic. The plastic, which present a chocking hazard and may cause injury if swallowed, already affected three consumers who have reported minor injuries in and around the mouth.

The affected product features the code JUL 08 2009 07097 on the bottom of the can. Consumers who have purchased the product with the can code JUL 08 2009 07097 should not eat it and are encouraged to return the product to the store where they purchased it for an exchange or full refund.

The company is recalling 72,300 units of the soup, which was shipped to 24 states: Alabama, Arkansas, Arizona, California, Colorado, Illinois, Iowa, Kansas, Kentucky, Louisiana, Minnesota, Missouri, Mississippi, Montana, Nebraska, New Mexico, Nevada, North Dakota, Oklahoma, South Dakota, Tennessee, Texas, Utah and Wyoming.

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Hershey names David West as new CEO

BY Allison Cerra

HARRISBURG, Pa. The Hershey Co. board said Tuesday that another former Nabisco executive will replace Richard Lenny as the leader of the nation’s largest candymaker.

David West, Hershey’s chief operating officer, was named company president and a director, effectively immediately, and will become chief executive on Dec. 1, the board said in a statement. The move came a day after Lenny announced he was stepping down as chief executive following six years at Hershey.

“Dave is a very strong leader with an in-depth knowledge of all aspects of Hershey’s business,” company director Robert Campbell said in the statement.

Lenny, who was the first chief executive officer hired from outside Hershey, will remain as chairman through the end of the year, when Campbell will take over, the company said.

Soon after Lenny left Nabisco for Hershey in 2001, he hired West to join the confectionary to come up with a marketing plan. West became Hershey’s chief financial officer in 2005 and chief operating officer in January.

Hershey’s stock fell $1.63 a share, or 3.4 percent, to $45.78 in trading Tuesday.

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Kraft to sell Fruit20 and Veryfine brands to Sunny Delight

BY Tara Smith

NORTHFIELD, Ill. Kraft Foods Inc. announced Wednesday that it will sell Veryfine juice and Fruit2O brands to Sunny Delight Beverages Co., a leader of juice drinks in North America. In addition to the brands, the transaction includes specific manufacturing equipment, a manufacturing facility in Littleton, Mass and about 200 employees who will join Sunny Delight. In 2006, Fruit2O and Veryfine had net revenues of about $135 million.

“For Kraft, we believe we will create greater long-term shareholder value by selling, rather than investing in, these brands [Fruit2O and Veryfine],” said Rick Searer, Kraft Executive Vice President and President of Kraft North America.

Kraft will record a one-time, pre-tax asset impairment charge of $125 million in the third quarter in anticipation of the sale. The sale is expected to conclude in the fourth quarter.

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