Schiffner to retire as Campbell Soup chief financial officer
CAMDEN, N.J. Campbell Soup Co. announced this week that chief financial officer Robert Schiffner plans to retire on Jan. 31, 2009.
According to published reports, he will step down earlier if his successor is appointed, as the company is currently searching for his replacement, but has agreed to remain with the company through January to facilitate a smooth transition.
“Throughout his 33-year career in the food industry, Bob has demonstrated unwavering integrity and a commitment to strong financial controls,” Douglas Conant, Campbell’s president and chief executive officer, said. “As a key member of our management team, he has helped lead the company through a period of significant change. Bob played a vital role in developing the Transformation Plan that renewed and revitalized Campbell and restored it to a growth track. He is respected for his focus and insight throughout the organization and the investment community.”
“Bob has been an indispensable partner to me as we have worked to transform Campbell, consistently delivering strong financial performance while also building our capabilities for the future,” Conant continued. “We are deeply indebted to Bob for his dedication and his outstanding contributions to the company. I look forward to working with him through the transition, and wish him the very best in a very well-earned retirement.”
Bubblicious ads to no longer target those under 12
NEW YORK Cadbury Adams announced this week that, as part of the Better Business Bureau’s Children’s Food and Beverage Advertising Initiative, it has decided to stop advertising Bubblicious Gum to children under 12, according to published reports.
The move, part of a 2007 Federal Trade Commission pledge to either go sugarless or draw an advertising cutoff at 12, was a result of the federal government’s increasing focus on combating childhood obesity in the United States.
Nine of the 13 participants in the initiative have committed to the new age restrictions in their advertising and on selling kids under 12 more healthy products. Coca-Cola, Hershey Foods and Mars have said they already do not direct any of their advertising to kids under 12.
Rudolph introduces caffeine-infused snack chip
NEW YORK Rudolph Foods Co., a branded and private-label snack supplier, announced that Engobi chips, infused with caffeine, will be available on store shelves this month.
Engobi, short for Energy Go Bites, comes in two flavors—Cinnamon Surge and Lemon Lift—and each single-serving bag (1.5 ounces) contains approximately 140 mg of caffeine.
“Engobi rockets the act of snacking to an exciting new level,” said Mark Singleton, vice president of sales at Rudolph. “Every sweet, delicious chip is infused with not just energy, but with fantastic flavor.”
The bags will retail for a suggested $1.29.