All Food & Beverage articles – Page 5
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PepsiCo promotes compliance and ethics chief to general counsel
Food and beverage giant PepsiCo announced David Flavell has been appointed EVP, general counsel and corporate secretary.
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ArticleLuckin Coffee to pay $180M for accounting fraud
China-based Luckin Coffee has agreed to a $180 million penalty as part of a settlement with the U.S. Securities and Exchange Commission to resolve charges related to the coffee chain’s inflated-sales scandal.
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Hershey general counsel to depart
The Hershey Company announced Damien Atkins, senior vice president, general counsel and corporate secretary, will be resigning due to family illness, effective Jan. 31, 2021.
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PremiumTop ethics and compliance failures of 2020
From a massive accounting fraud scandal in Germany to deceitful consumer tactics among China-based companies to unethical practices on the environmental front in the United States—CW’s list of the top ethics and compliance failures of 2020 spans the globe.
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ArticleBribes, falsified records cost Beam Suntory $19.6M in FCPA settlement
Alcoholic beverage maker Beam Suntory agreed to pay $19.6 million to resolve Foreign Corrupt Practices Act charges of improper payments by its Indian subsidiary.
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Hormel Foods appoints chief compliance officer
Hormel Foods Corp. announced the appointment of Pierre Lilly as senior vice president and chief compliance officer for the company’s worldwide operations.
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ArticleMcDonald’s general counsel retires after Parkinson’s diagnosis
Fast food chain McDonald’s announced Jerome Krulewitch, corporate executive vice president, general counsel and secretary, has retired from his role immediately following his being diagnosed with Parkinson’s disease.
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ArticleBrazilian meatpacker’s FCPA settlement details widespread corruption
Brazilian company JBS, the largest meat producer in the world, and its holding company agreed to pay nearly $300 million for systemic and widespread corruption in settlements with two U.S. enforcement agencies.
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Article
Bacardi replaces longtime general counsel
Bacardi Limited announced the appointment of Todd Grice as senior vice president and general counsel to replace the retiring Eduardo Sanchez, who served in those positions for 17 years.
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ArticleChinese regulator fines Luckin Coffee, affiliated groups $9M
China’s market competition regulator announced a fine of 61 million yuan (U.S. $9 million) against Luckin Coffee and a group of affiliated firms in response to the coffee chain’s inflated sales scandal.
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ArticlePactiv Evergreen discloses FCPA probe ahead of IPO
In its IPO filing, foodservice packaging company Pactiv Evergreen (currently Reynolds Group Holdings Limited) announced it might have potentially violated the Foreign Corrupt Practices Act regarding gift cards given in China.
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ArticleMondelēz International latest to enhance tracing of palm oil sourcing
Mondelēz International has become among the latest consumer goods companies to tighten its sourcing requirements for palm oil, improving its traceability of suppliers. But recent analysis also finds the industry has a long way to go in its progress.
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ArticleMcDonald’s whistleblower leads to lawsuit against fired CEO
An anonymous whistleblower’s complaint alleging sexual misconduct by fired McDonald’s CEO Steve Easterbrook prompted the company to file a lawsuit attempting to claw back some of the $41 million severance package it paid upon his ouster.
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Coca-Cola poaches general counsel from Ford
Coca-Cola announced Bradley Gayton has been elected senior vice president and general counsel. Gayton joins from Ford Motor Company, which has named John Mellen as his successor.
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ArticleFormer Bumble Bee CEO sentenced 40 months for price-fixing
The former CEO and president of Bumble Bee Foods was sentenced to serve 40 months in prison and pay a $100,000 criminal fine for playing a leading role in a three-year antitrust conspiracy to fix prices of canned tuna.
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Article
Denny’s welcomes general counsel
Restaurant chain Denny’s announced the appointment of Gail Sharps Myers as general counsel. In this role, Myers will head Denny’s legal functions, reporting to CEO John Miller.
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ArticleImagining a utopian food supply chain
If the coronavirus pandemic has taught us anything, it’s that we need a more resilient food supply chain. Jaclyn Jaeger explains what that could look like and how the public and private sector could play their parts.
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Paine Schwartz names chief compliance officer
Paine Schwartz Partners, a leader in sustainable food chain investing, announced Renata Malavazzi has joined the firm as general counsel and chief compliance officer.
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ArticleLuckin Coffee fires CEO, COO over accounting scandal
Luckin Coffee, the China-based equivalent of Starbucks roiled by allegations of fabricating millions in 2019 sales, has fired its CEO and reshuffled top leadership as part of its ongoing internal probe.
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Albertsons Companies tabs general counsel
Albertsons Companies, operator of Shaw’s, Star Market, Safeway, and other food and drug retailers, announced Juliette Pryor has been named executive vice president and general counsel.