Food Business News - Oct 02, 2007 - (Page 1)

FoodBusinessNews ® NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY October 2, 2007 Bulcke to lead Nestle Powell to c.e.o. at General Mills as Sanger remains chairman 12 Stevia in F.D.A.'s sights 30 One-on-one with Warren Staley 44 MARKET WATCH MINNEAPOLIS - Stephen W. Sanger has stepped down as chief executive officer of General Mills, Inc., effective immediately. Ken Powell, president and chief operating officer, has been named as Mr. Sanger's successor. Mr. Sanger will continue as chairman of the company. "The board and I have great confidence that Ken will be an outstanding chief executive officer of General Mills," Mr. Sanger said. "He has extensive knowledge of our global food categories, our customers, and our worldwide operations. This deep-seated understanding of our business, coupled with Ken's commitment to our culture and the development of our people, make him uniquely qualified to Powell Sanger lead General Mills in the next phase of our long-term growth." Mr. Powell, 53, joined General Mills in 1979 as a marketing assistant and advanced through a series of assignments of increasing responsibility, including positions in the Continued on Page 22 U.S. milk production Per cent change from previous year August +3.4% +3.8% July Jan.-June 2006 +1.1% +2.7% Source: U.S. Department of Agriculture August and September increases were largest since March 2006. Momentum behind import safety reform gains speed Working group and private sector promote risk-based procedures WASHINGTON - Surging imports of food and other products have tested U.S. import safety assurance procedures and found them wanting. In recent months, adulterated and mislabeled wheat flour from China found its way into domestic pet food mar- keting channels and poisoned hundreds of pets. Imported toys with lead-based paint were distributed by one of the nation's most respected toy manufacturers. In response to consumer fears and concerns about these and other recent incidents, the Bush administration commissioned an interagency working group to develop an action plan to improve the nation's import safety system. That working group issued its preliminary report Sept. 10. The food industry, as represented by the Grocery Manufacturers Association (G.M.A.), just days later issued its own proposal for implementing a riskbased food import system. With the Continued on Page 32

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Food Business News - Oct 02, 2007