What’s Hot: Raising the snack bar
BATTLE CREEK, Mich. —Kellogg Co. has introduced Cinnabon snack bar to its portfolio of breakfast treats. The new snack bars contain Cinnabon’s world-famous blend of rich cinnamon, as well as its trademark “delicious fresh-baked flavor and melt-in-your-mouth frosting,” and can be eaten cold or heated in the microwave for a toasty, warm treat.
The bars contain 150 calories, so Kellogg’s is calling them “a little wholesome indulgence.” The new Cinnabon snack bars are available in six- and 12-count boxes, come in two flavors—original and caramel—and have a suggested retail price ranging from $2.99 to $3.29.
Bars continue to appeal to consumers as a quick and easy breakfast and snack solution. Dollar sales of breakfast/cereal/snack bars were up 4% at food, drug and mass outlets (excluding Walmart) for the 52 weeks ended Oct. 4, according to Information Resources Inc.
Coca-Cola board names new officers
ATLANTA The board of directors of soft drink giant Coca-Cola named two new officers Friday.
Ceree Eberly will be SVP and chief people officer, and Chris Nolan was appointed the roles of VP and treasurer.
Eberly, a 19-year veteran of the company, was recently promoted to chief people officer, with responsibility for leading the company’s global People Function (formerly Human Resources). She succeeds Cynthia McCague, who is retiring from the company after 28 years of service with Coca-Cola.
Prior to assuming the role of chief people officer, Eberly served as group human resources director for Europe. She joined the Company in 1990, serving in staffing, compensation and other important roles, supporting business units around the world.
Meanwhile, Nolan was elected as VP and to the position of treasurer, succeeding David Taggart, who stepped down from the role due to health reasons.
Nolan joined the company in 1992, and served in various roles in corporate auditing and corporate treasury, including his last position as manager, financial risk management & corporate finance.
Eberly’s election is effective April 1, 2010, as she transitions back to the United States, while Nolan’s election is effective immediately.
Costco to resume carrying Coca-Cola products
MILWAUKEE It looks like one of the nation’s largest wholesalers has made up with Coca-Cola following a price war, according to reports.
Coca-Cola spokesman Scott Williamson said Thursday that new Coke products should be sent to Costco stores soon, but did not comment further on the matter.
Last month, the Issaquah, Wash.-based retailer announced that would no longer selling the items because of a pricing disagreement with the manufacturer. The issue was made public when Costco displayed signs in its stores to inform customers of the matter.
The beverage giant’s products include Sprite, Dasani water and Full Throttle energy drinks.