Grupo Bimbo is moving towards net zero carbon emissions, with 92% of its electricity now coming from renewable sources such as the sun and wind, the company highlighted at its internal Global Sustainability Summit held in Mexico.
Subway announced its new Chief Financial Officer will be Jeff Shepherd as Chief Financial Officer (CFO), from the beginning of 2024. Shepherd will report directly to Chief Executive Officer John Chidsey.
The Helmut Koenig Private Foundation’s Board of Directors unanimously decided to reorganize the management and dismissed Wolfgang Staufer as CEO. Managing Director Hannes Stelzer is taking over the management of Koenig Maschinen GmbH as well as the Koenig Group international, the company announced.
Bühler unveiled its new food innovation hub in Uzwil, Switzerland, focusing on product and process development. Four Application and Training Centers (ATCs) – Flavor Creation Center, Food Creation Center, Protein Application Center, and Energy Recovery Center – are opening their doors to complement the existing ATCs, such as the Extrusion Application Center.
Orkla partnered with Rhône, a global private equity firm with a focus on investments in businesses with a transatlantic presence. Investment funds affiliated with Rhône will acquire 40% ownership in Orkla Food Ingredients AS (OFI), for NOK 15.5 billion (EUR 1.3 billion). The transaction is expected to be completed by the end of the first quarter of 2024, subject to customary conditions to closing, including approvals from relevant authorities.