News

Mondelez, D.E Master Blenders to combine coffee businesses

BY Lesley Thulin

DEERFIELD, Ill. / AMSTERDAM — Mondelēz International, Inc. and D.E Master Blenders 1753 B.V. announced that they will combine their coffee businesses in order to create Jacobs Douwe Egberts, a pure-play coffee company with annual revenues of more than €5 billion.

Mondelēz received €3.8 billion and a 44% interest after closing the new joint venture. Acorn Holdings B.V., owner of D.E Master Blenders 1753, will have a 56% share in the new coffee company.

Jacobs Douwe Egberts will be based in the Netherlands and own coffee brands, such as Jacobs, Tassimo, Moccona, Senseo, L’OR, Douwe Egberts, Kenco, Pilão and Gevalia.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
News

The 5 Cardinal Health programs that helped it earn DoD’s Freedom Award

BY Michael Johnsen

WASHINGTON — Cardinal Health was one of 15 recipients of the 2015 Secretary of Defense Employer Support Freedom Award, the highest honor the department gives to employers for support of National Guard and Reserve employees.
 
"These outstanding employers have not only earned this award, they have earned this nation's gratitude," said Defense Secretary Ash Carter. "I am truly honored to recognize these 15 organizations for their unwavering support of our military men and women and their families. Their accomplishments are a vital piece of our National defense and a high standard toward which all employers of Guard and Reserve members should strive."
 
Cardinal Health earned the award for a number of reasons, including:
 
  • Cardinal Health has launched a Veterans Leadership and Career Development Program to provide resources to all veterans and to educate them about leadership opportunities and career development tools. It includes tools to help veterans identify development opportunities and plan their careers;
  • Cardinal Health offers a free Veterans Professional Advancement Course for military members seeking employment inside or outside of Cardinal Health;
  • Cardinal Health has created a Veterans & Military Advocates Employee Resource Group. It includes the Mentoring & Transitioning Team, Volunteerism and Marketing Team, HR/Talent Acquisition Recruiting Team, Communications & Acquisitions Team and Veteran Leadership Program Team. Cardinal Health also has started a Veterans SharePoint site that houses information for service members about veterans-related issues and has assisted other companies in starting military resource groups;
  • Cardinal Health’s Support the Troops Care Package Event has delivered almost 5,000 care packages and received more than $54,000 in donations. Cardinal Health also has raised $1.6 million for the Wounded Warriors Project; and
  • Cardinal Health conducts large “Welcome Home” events with other employers to celebrate their employees’ military service and return home from deployments.
The 2015 recipients were selected from 2,960 nominations received from Guardsmen and reservists for going far beyond what federal law requires in support of military employees, officials said.
 
The Freedom Award was instituted in 1996 under the auspices of DoD’s Employer Support of the Guard and Reserve office to recognize exceptional support from the employer community. In the years since, 205 employers have received the award.
 
The 2015 recipients will be honored at an Aug. 21 ceremony at the Pentagon.  
keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
News

Rite Aid creates risk management position, fills with 30-year vet

BY Michael Johnsen

CAMP HILL, Pa. — Rite Aid announced Monday that Paul Zikmund, a risk management professional with nearly 30 years of experience, is joining Rite Aid as group VP of risk and controls.
 
In this new position, Zikmund will oversee the risk management program for Rite Aid as well as its subsidiaries, RediClinic, Health Dialog and EnvisionRx. Zikmund will report to Tony Bellezza, Rite Aid SVP and chief compliance officer.
 
“Paul comes to Rite Aid with significant experience in enterprise risk management, having held a variety of positions spanning several industries over the course of his career,” said Bellezza. “His extensive background in organizational compliance, as well as the development and administration of enterprise risk management solutions, will be extremely valuable to Rite Aid as we continue to expand our governance, risk and compliance program.”
 
Most recently, Zikmund served as director of global ethics and compliance at Bunge, a leading global agribusiness and food company headquartered in White Plains, N.Y., where he was responsible for implementing the company’s fraud, ethics and compliance risk management programs. Before joining Bunge in 2011, Zikmund held senior positions at Tyco International, SolomonEdwards and Deloitte & Touche, serving in a variety of risk management functions.
 
Zikmund received a bachelor’s degree in administration of justice from the University of Pittsburgh; a master’s of accountancy degree from Auburn University; a master’s of business administration degree from the University of Connecticut and a master’s of business ethics and compliance degree from the New England College of Finance. He also received his certificate in corporate ethics and compliance management from Saint Louis University and has served as a board member for several professional associations including the Association of Certified Fraud Examiners and the National Association of Certified Valuation Analysts.
 
keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?