Kellogg CEO John Bryant to Step Down
September 28 2017 - 9:35AM
Dow Jones News
By Annie Gasparro
Kellogg Co. Chief Executive John Bryant is stepping down next
week after nearly seven years leading the cereal and snack giant
through a tumultuous time in the food industry.
Steven Cahillane, chief executive of health-and-wellness company
Nature's Bounty and a former Coca-Cola Co. executive, will join
Kellogg to succeed Mr. Bryant, the company said Thursday.
Kellogg, the maker of Frosted Flakes, Pop-Tarts and Pringles,
has been battling sluggish sales as Americans stray from big brands
and processed foods, in favor of fresher, more niche
alternatives.
It isn't alone in its difficulties. Other big food makers are
also starving for sales growth. Mondelez International Inc.,
Hershey Co. and General Mills Inc. have all announced new chiefs in
the past year.
Write to Annie Gasparro at annie.gasparro@wsj.com
(END) Dow Jones Newswires
September 28, 2017 09:20 ET (13:20 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
General Mills (NYSE:GIS)
Historical Stock Chart
From Mar 2024 to Apr 2024
General Mills (NYSE:GIS)
Historical Stock Chart
From Apr 2023 to Apr 2024