All Food & Beverage articles – Page 6
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ArticleDiageo to pay $5M for disclosure failures
Alcohol producer Diageo has agreed to pay $5 million to resolve charges brought against it by the SEC for disclosure failures, due to weaknesses in its internal disclosure processes.
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Jack in the Box announces new risk chief
Fast-food restaurant chain Jack in the Box announced the promotion of Sarah Super to senior vice president, general counsel and chief risk officer amid a trio of recent executive appointments.
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ArticleLandec discloses FCPA probe
Landec, an innovator of health and wellness solutions, has discovered and reported to U.S. regulators a “compliance issue” at its Yucatan Foods production facility in Guanajuato, Mexico. It now faces a government probe into possible FCPA violations
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ArticleWawa data breach part of ‘concerning’ industry trend?
While Wawa continues to investigate the source of a widespread data breach that put thousands of customers at risk, its connection to a recent Visa alert suggests other retailers should be on the lookout for similar threats to their cyber-security infrastructure.
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ArticleWidespread Wawa data breach puts thousands at risk
Convenience store chain Wawa announced it has suffered a massive data breach that has affected “potentially all” of its store locations, compromising the debit and credit card information of thousands of customers.
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Longtime Coca-Cola general counsel to retire
Bernhard Goepelt will retire in February 2020 as senior vice president and general counsel of Coca-Cola, the company announced. Goepelt has been with Coca-Cola since 1992.
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ArticleFormer Bumble Bee CEO convicted in price-fixing scheme
The former president and CEO of packaged seafood company Bumble Bee was convicted for his participation in an antitrust conspiracy to fix prices of canned tuna, the Justice Department announced.
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Smucker’s has a new chief compliance officer
The J. M. Smucker Company announced an evolution of its executive leadership structure and team. Among the new appointments, Jeannette Knudsen has been elected chief legal and compliance officer and secretary.
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ArticleOxfam slams U.K. supermarkets over worker abuses in supply chains
In an effort to cut costs and raise revenue, U.K. supermarkets are endangering employees with such abuses as a lack of toilets, unsafe drinking water, and illnesses resulting from exposure to pesticides, says a new report from Oxfam.
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ArticleDoorDash data mishap showcases hazards of third-party vendors
DoorDash announced an incident of unauthorized third-party access to user data—a reminder companies need to mind the cyber-security of vendors in addition to their own.
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ArticleEuropean Commission fines companies $34.5M in cartel case
The European Commission has fined Dutch food-processing company Coroos and French agricultural cooperative Groupe Cecab a total of €31.6 million (U.S. $34.5 million) for engaging in a cartel scheme that spanned more than a decade.
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Fishy business: StarKist to pay $100M for tuna price fixing
StarKist must pay a criminal fine of $100 million, the statutory maximum, for its role in a conspiracy to fix prices for canned tuna sold in the United States.
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Kraft Heinz cuts net income, continues with SEC probe
In a recently filed restatement, Kraft Heinz reduced its reported net income by $150 million going back to 2015 to correct employee misconduct in accounting.
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Commerce slices into Mexican tomato imports
The U.S., mired in a countdown to additional Chinese tariffs, will impose a 17.5 percent tariff on Mexican tomato imports beginning Tuesday. Shortages and spiking prices are predicted.
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ArticleLynn Haaland: The compliance compass
“Super determined and tough” are two traits that propelled Lynn Haaland in her multifaceted role at PepsiCo and will continue to aid the compliance practitioner as she seeks new challenges.
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Citing misconduct in procurement, Kraft will restate
Kraft Heinz will restate nearly three years of financial results after determining employee misconduct in procurement caused a net $208 million misstatement in product costs.
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Butterball names chief risk officer
Turkey producing company Butterball has promoted Suzanne Griffin to the newly created role of chief risk officer, in addition to her current roles as senior vice president and general counsel. Griffin’s appointment now aligns the company’s risk management initiatives across all departments, the company announced.
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Borden Dairy appoints chief accounting officer
Borden, a U.S. dairy processor and distributor, has named Candace Palmarozzi as vice president corporate controller and chief accounting officer, effective immediately.
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Welbilt appoints chief accounting officer
Welbilt, a global supplier of commercial food-service equipment, has promoted Jamie Palm to chief accounting officer, in addition to her current role as vice president corporate controller.
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Constellation Brands appoints chief compliance officer
Constellation Brands, an international producer and marketer of beer, wine, and spirits, has promoted Tiffanie De Liberty to senior vice president, general counsel, and chief compliance officer.