Kelly resigns from Hershey board of directors
Hershey Co., maker of the namesake chocolate bars, said Monday Edward J. Kelly III has resigned from its board, effective Feb. 22, due to a greater workload at his job.
Kelly was recently named president of Citi Alternative Investments at financial services provider Citigroup Inc.
Nine directors remain on the board, a Hershey spokesman said, adding that he had no information on whether the company intends to seek a replacement for Kelly.
Hershey executives recently announced that the company would need to raise wholesale prices on about one-third of its domestic product line, including its standard bar, king-size bar and six-pack lines, after coming off a fourth quarter in which profits nosedived a whopping 65 percent.
Palmer unveils early treats for 2008 holiday season
WEST READING, Pa. R.M. Palmer Co., a leader in chocolate novelties, has unveiled a very early Christmas present to the public. For the 2008 holiday season, Palmer has produced 13 new items to sell.
Each item features colorful names alluding to all things Christmas, and also most notably has given in to the NASCAR craze with two new chocolate items. One is called NASCAR Blinkin’ Drinkin’ Cup, which includes peanut butter-filled foiled cars in a plastic cup. Each cup has the number of the most popular drivers’ cars, and each blinks with the color of the car when it was lifted. Another NASCAR chocolate is the NASCAR Stainless Travel Mug. This chocolate candy includes foiled cars filled with peanut butter that are packed into a stainless mug. The drivers that they feature are #20-Tony Stewart, #24-Jeff Gordon and #88- Dale Earnhardt, Jr.
Other chocolates that consumers will be able to indulge in are: White Hollow “Flakey”, North Pole Pals, Double Crisp Praying Hands Card, Sno-fun mesh bag. Double Crisp Candy Bar, Double Crisp Widdy Waddles, Peppermint Patties, Mini-crisp Kringles, Holly & Berries, Holiday Wishes and the classic peppermint candy cane with a chocolate twist.
Healthy cereals boost sales for General Mills
WASHINGTON General Mills has gone through long obstacles to achieve its success in tapping into the healthy food market, and using incentives toward is employees in order to do so. Since then, General Mills made a reported $12.4 billion in sales due to its new standard for its products.
General Mills is now known for having cereal brands that are made from whole grains, are high in fiber and contain vitamins and minerals. According to published reports, they raised their profit for the year due to its increase in health standards for its products. Although, to achieve success, the company had to involve itself in a gradual change that increased health ingredients in many of their products.
The move to begin incorporating healthful ingredients as a factor in the production process is due to reports that consumers were more likely to purchase foods with the Food and Drug Administration’s seal of approval. In order to meet goals, which started off as having only 20 percent of its products that met nutritional standards, General Mills decided to link employee bonuses to meeting the health targets it requires.
According to published reports, many other companies are following along with the health trends, due mostly to pressure from regulator and consumer advocates. Such companies as Kellogg Co. and Kraft Foods removed trans fats from the majority of their products, and Campbell soup sold the Godiva chocolate business in order to focus more on their low-sodium soups and new versions of V-8 juice.
With a combination of the importance of health in the new age and incentives given to company members to reach health targets, General Mills has 34 percent of its products meeting the new health standards. According to published reports, not only has it reformulated 200 products, but it has also introduced 100 new ones.