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P&G hosts Olympic icon Peggy Fleming at Walmart ‘Tour of London’ display

BY Antoinette Alexander

AMERICAN CANYON, Calif. — Peggy Fleming, a gold-medal figure skater at the 1968 Winter Olympic Games, signed autographs for customers in the shadow of the 535-ft. “Tour of London” Procter & Gamble product display at Walmart here on Thursday. Fleming’s appearance was on behalf of P&G, a Worldwide Olympic Partner.

As reported by Drug Store News, the “Tour of London” P&G product display features such iconic London landmarks as Big Ben, the London Eye and three red double-decker buses. P&G’s tribute to the 2012 Summer Olympic Games will remain at the American Canyon Walmart through Aug. 10.

To read more on the Tour of London, click here.

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Philosys seeks FDA approval for blood-glucose meter

BY Allison Cerra

NEW YORK — Philosys is seeking regulatory approval from the Food and Drug Administration for its blood-glucose monitoring system.

Gmate Smart, which the company calls "the smallest and most innovative meter in the world," is a blood-glucose meter that works with the headphone connector of the iPhone, iPad and iPod.

"We are very excited to be close to FDA approval for our blood glucose monitoring technology and are preparing to bring this capability to the United States," Philosys operations manager Jennifer Kupar said. Gmate Smart is the world’s first ‘true smartphone meter.’ Given the dramatic rise of diabetes in the U.S. and more tech savvy consumers, there is a growing demand for this medical technology that Philosys can meet. Gmate is the perfect solution for diabetics seeking digital solutions to monitor their disease with the push of a button. We look forward to FDA approval of our revolutionary device this year."

Philosys said it expects to receive approval for the meter in third quarter 2012.


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Tracey Belcourt joins Kraft Foods

BY Allison Cerra

NORTHFIELD, Ill. — Kraft Foods has appointed a new EVP strategy.

The company said Tracey Belcourt, who officially joins the company next month, will lead the strategy function and mergers and acquisition activities for Kraft’s global snacks company, Mondelez International, following the expected spinoff of Kraft’s North American grocery business on Oct. 1. In this role, Belcourt will report to Kraft Foods chairman and CEO Irene Rosenfeld, with responsibility for evolving and implementing the company’s growth strategy.

"Tracey is a highly accomplished corporate strategist with extensive background in consumer industries," Rosenfeld said. "She has broad international work experience throughout Latin America, Europe, Asia and Africa. She joins us at an exciting time, as we chart the course for our new global snacks company."

The appointment of Belcourt, who has been a partner at Bain & Co. in Toronto since 1999, completes the leadership teams of the two companies for the spinoff.

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