Nestle USA Inc.
Division of Nestle SA
Latest From Nestle USA Inc.
The firm is reducing its non-production workforce by 750, a decision made after three representatives of disgruntled investor Starboard Value joined its board. Perrigo charts a course of recovery for its struggling international consumer health business, but some analysts are convinced it took a wrong turn with its 2015 investment in European OTC drug and nutritional product businesses and brands.
OTC private label giant agrees with Starboard, which owns around 6.7% of Perrigo's shares, to immediately add to Perrigo's board Starboard CEO Jeffrey Smith and two other members recommended by the hedge fund: former Pfizer CEO Jeffrey Kindler and Nestle USA executive Bradley Alford.
Recalls linked to 2009 distribution of PCA’s tainted products made more firms focus on supplier verification and improving supply chain security, but Sunland’s problems in 2012 illustrated more needs to be done, says lawyer Sarah Brew.
Grimwood to head Nestle USA; Sevo Nutraceuticals names CMO/COO; Vitamin Shoppe names Bontempo e-commerce VP; more People In Brief
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