March 16 (Reuters) - Hershey said on Monday it
would unify its U.S. businesses, bringing its sweet, salty and
protein portfolios under a single roof, as the chocolate maker
looks to simplify operations.
Other major packaged-food makers, including Nestle
and Campbell's, have also recently pursued similar
streamlining efforts across their businesses.
* It is the first time the maker of Reese's and SkinnyPop
has consolidated brand marketing, category strategy and consumer
insights across its U.S. businesses.
* Hershey has been navigating higher costs, linked to cocoa
and sugar, by selectively raising prices, altering packaging,
even as it battles sluggish consumer spending on indulgent
confectionary products.
* The company said the new model aims to scale the
commercial strengths of its confectionery brands at par with its
salty and protein offerings.
* Effective immediately, Hershey U.S. President Andrew
Archambault will take on an expanded role, overseeing the entire
domestic portfolio, including commercial planning, customer
relationships and retail execution; Nitin Jain will join as
chief strategy and transformation officer and report directly to
the CEO.
* In August last year, former Wendy's chief Kirk Tanner took
the helm at Hershey, replacing Michele Buck, who was the CEO for
eight years.
(Reporting by Savyata Mishra in Bengaluru; Editing by Shinjini
Ganguli)