INDUSTRIA ALIMENTOS Super standouts eew!w! Laurent Freixe is the New nn CEO of Nestlé S.A.. By Abasto Nestlé's Board of Directors appoin- markets, and Zones. He success- ted Laurent Freixe as the new CEO of fully managed Zone Europe Nestlé S.A., who started in his new role on during the financial and September 1. He previously served as executive vice economic crisis from president and CEO Latin America Zone (LATAM). 2008 until 2014. He then Freixe replaced Mark Schneider, who resigned as became Zone Americas’s CEO and member of the Board of Directors after CEO, where he accelera- eight years with the company. ted growth. “Leading Nestlé for the past eight years has been In 2022, Laurent Freixe an honor for me. I am grateful for what we have was named CEO of Zone achieved, transforming Nestlé into a future-proo- Latin America. fed, innovative, and sustainable business,” said “I am privileged to have been Schneider. given the opportunity to continue Laurent Freixe joined Nestlé in France in 1986. building and strengthening Nestlé, Since then, he has continuously progressed within and I am excited to take on this responsibility,” the company, assuming various positions of increa- said Freixe. sing responsibility across di昀昀erent businesses, General Mills Sells Its North American Yogurt Business By Abasto ssaalle!e! General Mills announced that it has ente- Mountain High, and red into de昀椀nitive agreements to sell its :ratio , as well as manu- North American Yogurt business to Lactalis facturing facilities in and Sodiaal, two leading French dairy compa- Murfreesboro, Tenn., Reed nies, in cash transactions valued at $2.1 City, Mich., and Saint-Hyacinthe, Québec. billion USD. Collectively, the North American Yogurt Following the completion of the transac- business contributed approximately $1.5 tions, the U.S. and Canadian businesses will billion USD to General Mills’ 昀椀scal 2024 operate independently, with Lactalis acqui- net sales. ring the U.S. business and Sodiaal acquiring “By efficiently managing our portfolio the Canadian business. 吀栀e proposed tran- and sharpening our focus on our global sactions are expected to close in calendar platforms and local gem brands that have 2025, subject to receipt of requisite regula- stronger growth prospects and more attrac- tory approvals and other customary closing tive margins, we will be in a better position conditions. to drive top-tier shareholder returns over the 吀栀e divestitures encompass the U.S. and long term,” said General Mills Chairman and Canada operations of several yogurt brands, Chief Executive O昀케cer Je昀昀 Harmening. including Yoplait, Liberté, Go-Gurt, Oui, 3434 NNOOVVEEMMBBEERR/ D/ DECECEEMMBBEER 2R 200224 4 AABBAASSTOTO..CCOOMM