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Nipro Diagnostics names new CFO

BY Allison Cerra

FORT LAUDERDALE, Fla. — Nipro Diagnostics has appointed a new finance chief.

The manufacturer and marketer of blood-glucose monitoring products and supplies for diabetes management said Dean Sorrentino has joined the company as CFO. Sorrentino will have responsibility for the company’s accounting, treasury, tax, legal and information technology functions, and will partner with other senior executives to oversee companywide business operations. Prior to joining the company, he served as VP and corporate controller at CompuPay.

"I am pleased to have Dean join the Nipro Diagnostics team," Nipro Diagnostics president and CEO Scott Verner said. "He is uniquely suited for this position, as he brings extensive financial knowledge, as well as a deep understanding of our business."


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Good ‘N Natural bars roll out nationwide

BY Allison Cerra

SUN VALLEY, Idaho — A line of gluten-free and dairy-free nutrition bars is being rolled out nationwide.

Created with health-conscious consumers in mind, Good ‘N Natural fruit, nut and seed bars feature gluten-free rolled oats, organic maple syrup, 5 g of fiber and 10 g of protein, and are available in four varieties, including cranberry almond, peanut butter, chocolate and lemon. The bars are being rolled out to stores nationwide.

"Good ‘N Natural bars have come a long way since I first started creating them in my kitchen eight years ago, so you can imagine how excited I am to be able to share them with everyone across the country with this nationwide rollout," Good ‘N Natural bars Sarah Walker said. "We understand the trend toward finding a convenient snack that not only tastes good, but provides the nutritional benefits necessary for an active lifestyle — we’re proud that we’ve created a bar that accomplishes all of that, using natural whole food ingredients."

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Private-label purchases continue to see growth

BY Allison Cerra

FORT LEE, N.J. — A vast majority of shoppers continue to purchase some private-label products on a regular basis, according to research from Perception Research Services.

Among roughly 600 primary household grocery shoppers ages 18 to 64 years polled, PRS found that 86% continue to purchase private-label items on a regular basis (compared with 84% in 2010), while 38% have purchased more private-label products than they did in 2010 (32%) and across additional categories. More than half (51%) said they feel smart/savvy when they buy private-label products.

The largest gains in private-label penetration among those surveyed included soft drinks (carbonated and noncarbonated), salty snacks, frozen meals, vitamins/medicines and cookies. Despite these gains, roughly one-third of respondents said they would not buy private-label versions of personal products, vitamins/medicines and frozen meals.

"It used to be that buying private-label products was a way to save a little money during the grocery trip — with many of these products bought by those in severe economic straits, or just a handful of them bought by many," PRS EVP Jonathan Asher said. "Now, these products offer both cost savings and product quality across many categories, increasing their penetration and frequency as shoppers feel good about buying them — even if they don’t feel the need to do so for economic reasons. It seems as if creating product innovations is the key to success — for retailers to achieve additional growth in those categories that have been met with some resistance, and for national brand manufacturers, who must give shoppers a meaningful reason to pay more for their offerings. In the long run, increased innovation will be a winning formula for all."

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