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Ferrero bows out of Cadbury bid

BY Allison Cerra

LONDON It seems Kraft’s bite out of Cadbury won’t be soured with an additional bid for the British confectioner.

Italian chocolatier Ferrero, maker of such products as Nutella and Ferrero Roche, told reporters Friday it had no intention of bidding for Cadbury. The news follows Nestle’s election to not place a bid on Cadbury, giving way for Kraft to complete its recommended bid by Feb. 2.

Rumors also have swirled that Hershey may attempt to outbid Kraft, although Hershey has denied those claims.

Last week, Cadbury accepted Kraft’s offer to purchase the U.k.-based company for for 11.7 billion pounds (U.S. $19 billion).

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Diamond Foods promotes marketing, general counsel executives

BY Allison Cerra

SAN FRANCISCO Diamond Foods announced the promotion of two of its top executives.

Andrew Burke has been promoted to chief marketing officer and EVP, while Stephen Kim has been appointed SVP general counsel and human resources. Both executives will have expanded responsibilities with these promotions.

Burke has led Diamond’s marketing group since joining as a VP in June 2006. He will continue to oversee all marketing activities for the company and will take on the leadership of Diamond Foods’ pricing committee, which is a highly collaborative group comprised of marketing, sales and finance team members.

“Andrew has excelled and grown tremendously in his role in leading Diamond’s marketing efforts,” said Diamond Foods president and CEO Michael J. Mendes. “He has always worked effectively with sales, operations and finance, which will be critical in his new strategic pricing role. We will look for Andrew to continue to enable the development and execution of a tightly integrated, consumer facing marketing strategy that is evidenced by every element of the consumer and trade interface, something that has become a trademark of our brand strategy over the years.”

Kim has been Diamond’s general counsel VP since May 2005. His role broadened to include leadership of human resources in January 2008. He will continue to lead all aspects of Diamond’s legal and HR efforts, but will increase his focus on strategic HR management.

“While Steve has been a strong asset for Diamond in managing our legal affairs, he has truly distinguished himself in his ability to source and develop outstanding management talent,” said Mendes. “Given the dynamic growth of our organization, Steve will dedicate more time to strengthening our management team to better enable us to deliver on our strategic objectives.”

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Fiber One encourages healthy snacking with new 90-calorie bars

BY Allison Cerra

MINNEAPOLIS Fiber One is introducing a snack that makes weight management easier for busy consumers.

New Fiber One 90 Calorie chewy bars contain 5 g of fiber and 2.5 g of fat to help dieters feel full and stick to their diet without compromising taste.  The new bars are available in two varieties: chocolate and chocolate peanut butter.

“Fiber One 90 Calorie chewy bars offer a simple, gratifying and delicious way for dieters to stick to their diet,” said Jim Wilson, marketing manager for Fiber One chewy bars. “With distinct and popular flavors, including chocolate and chocolate peanut butter, dieting has never been easier or tasted this good.”

Fiber One 90 Calorie chewy bars are available nationwide in 5-count boxes at a suggested retail price of $3.59.

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