McCormick announces leadership changes
SPARKS, Md. — McCormick today announced Chuck Langmead has been promoted to president of global industrial. In his new role, Langmead will help McCormick drive sales growth by aligning its customer intimacy efforts and driving its strategy consistently across McCormick’s industrial businesses worldwide.
Langmead has been with McCormick for more than 37 years and has held numerous leadership positions, including president of the U.S. industrial group and VP and general manager of food service and restaurant divisions. Chuck Langmead, most recently president of industrial foods Americas, will have responsibility for McCormick’s industrial businesses globally and will chair the company’s Global Industrial Strategy Council. He is an Emeritus member of McCormick’s Multiple Management Board.
Randy Carper has been promoted into the role of president of the U.S. Industrial Group reporting to Chuck Langmead. Carper joined McCormick in 1983 as account manager for McCormick’s U.S. industrial business. He has held leadership positions with increasing responsibility in the global industrial businesses over the last 29 years. He was VP of industrial for Europe, Middle East and Africa. Prior to this position, Carper led the U.S. Consumer Food Manufacturers segment of the industrial business. His most recent role was VP global industrial customers, where he worked closely with our strategic global industrial customers. Carper also is an Emeritus member of the Multiple Management Board.
"These new assignments will help align McCormick to strengthen global customer intimacy," said Alan Wilson, McCormick chairman, president and CEO. "Chuck and Randy’s efforts will help drive our long-term objectives to grow our business globally and continue our success in developing great flavors with our global strategic customers."
L&R Distributors closes deal on Select Brand from Walgreens
NEW YORK — L&R Distributors on Tuesday closed on the deal to acquire the assets of SAJ Distributors, along with the private-label line Select Brand from Walgreens.
L&R will operate the existing SAJ Distribution Center and offices located in Pine Bluff, Ark., under the SAJ name and retaining the necessary SAJ staff members in customer service, accounting, purchasing and operations, the company announced. L&R will maintain the existing SAJ sales staff, delivery methods and inventory mix.
The L&R acquisition of SAJ will provide an additional 1,000 points of independent grocery distribution into L&R’s existing client base, the wholesaler reported.
Weis Markets adjusted net income up 13.9% for fiscal 2012
SUNBURY, Pa. — Weis Markets on Tuesday reported net income of $82.5 million for the 52-week period ended Dec. 29. Even with one less week of sales, that’s up 9.2% versus fiscal 2011, which was a 53-week period, the grocer noted. Sales were down slightly by 1.9% to $2.7 billion compared with the week-longer year-ago period. Comparable sales were down 2%.
Adjusting for the 52-week to 53-week comparison, the grocer’s 2012 net income increased 13.9% while sales and comparable store sales were flat.
"We continue to operate in an economy significantly impacted by slow economic growth, high unemployment and declining household income," stated David Hepfinger, Weis president and CEO. "As a result of these continuing trends, our customers were cautious in their spending in 2012," he said. "We successfully worked through these challenges by efficiently managing and improving our stores and supply chain, which helped us drive strong net income increases and maintain our market share. Our results also benefited from record investments in our store base, which will continue in 2013."