Maryland-based McCormick & Company, a global leader in flavorings, recently announced that it had signed an agreement to purchase 100 percent of the assets of Wuhan Asia-Pacific Condiments Co., Ltd. (WAPC), a privately held company based in China. The completion of the agreement is expected to occur in mid-2013 subject to regulatory approval.
Alan Wilson, chairman, president and CEO of McCormick, stated, “McCormick first enteredChina more than 20 years ago to provide a local source of supply to industrial customers. From this foundation we launched the McCormick brand of flavor products for consumers. Today, McCormick is one of the leading brands of spices and seasonings, with particularly strong category share in the coastal regions. Across both our consumer and industrial business, we operate profitably inChina and have grown sales at a 16 percent compound rate for the past five years.
“The addition of WAPC extends our broad range of flavors inChinawith bouillon. In WAPC’s top markets, more than half of consumers use chicken bouillon each day at every meal to enhance the flavor of their food.”
Empowerment expert and educator Dr. Bertice Berry, author of the best-selling memoir The Ties That Bind: A Memoir of Race, Memory and Redemption, will encourage members to “Profit from Your Life Experiences” at the Network of Executive (NEW) Leadership Summit 2012, October 22-23 inDallas.
Dr.Berrywill offer insights on becoming your best self and helping others to do the same by reviewing past experiences. The mother of five, former talk show host and award-winning comedian will provide tools for personal and professional growth.
Two other keynote speakers will be featured at the leadership summit. Julie Gilbert Newrai – former vice president of Best Buy and CEO of WOLF, a consulting firm specializing in brand building and cultural transformation – will blend real-life business stories, data and an action agenda in her keynote presentation “The Future of Women and Retail.” In a closing keynote address, high-performance motivator Yvonne Camus will offer her insights on “Leading a High-Performance Life.” Nine hundred industry leaders and emerging leaders are expected to attend.
The two-day program includes three tracks of concurrent educational sessions for emerging leaders, mid-level leaders and senior executives. The sessions will feature: Becky Shambaugh, president and CEO of Shambaugh Leadership; CNN personality Nadia Bitchily, president of Greater Impact Communications; Simon T. Bailey, founder of Brilliance Institute; renowned leadership guru Cy Wakeman, president of Cy Wakeman Inc.; economist Sylvia Ann Hewlett, founding president of the Center for Talent Innovation; and Madelyn Yucht, principal consultant for Linkage.
Also during the NEW Leadership Summit, an executive round table of industry leaders will offer their thoughts on the power of women in tomorrow’s consumer products/retail industry. Panelists include: Irene Chang Britt, president of Pepperidge Farm; Tom Falk, president of Kimberly-Clark Corporation; Susan Chambers, chief people officer for Wal-Mart; and Bhavdeep Singh, executive vice president of operations for Ahold USA.
For more information go to www.newonline.org.
On a personal note, congratulations to Kathy’s and my daughter, Cyndi Ireland, Coca-Cola Refreshments, who successfully completed her second Iron Girl Triathlon which was held in Columbia, MD last month.
We extend our sympathy to Joan Dobbin and her family on the death of her husband, Alvin Dobbin, former chief operating officer and executive vice president of Giant Food. Al was a long time supporter and friend of Food World. He will be missed.
It saddens us to report the death of two of the finest “old line food brokers” we have ever known, Paul “The Golden Greek” Stamatos and Freeman Chase, bothNew England based food brokers who ran extremely successful companies in that market.
Anniversary wishes go out to: Ron and Terri Fish, Reading Consumer Products, their 50th ; Super Rite’s retiree Matt and Mary Toback, their 62nd; Metromedia’s David and Harriet Finkelstein, their 54th; the world renowned marketing consultant Mike and Linda Wilson; Safeway’s Greg and Carolyn TenEyck, their 28th; the food industry’s roving ambassador, Pat and Lee McCarthy, their 46th; and my son and daughter-in-law, Rick and Stephanie Bestany, their 12th.
Happy Birthday wishes are sent to my wife, Kathy, and grandson, Samuel James Bestany, his 8th, to Children’s Cancer Foundation’s Shirley Howard, her 83rd; and to John Griffin, founder, president and chairman of The Griffin Report of New England, his 81st.