Tom Ruggiero Joins The Forest Farmers
The Forest Farmers has named food industry veteran Tom Ruggiero as National Sales Director for its recently launched line of USDA Organic tree saps and syrups sourced from a variety of tree species.
Ruggiero has responsibility for growing sales of the New Leaf Tree Syrups™ line with food and beverage producers looking for alternative sweeteners, chefs and foodservice for kitchen and tabletop use, and at retail, said Mike Farrell, co-Founder and Chief Executive Officer of The Forest Farmers.
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Ruggiero also has facilitated the successful launch of three new brands. Most recently, he served as director of national sales for Crown Maple and Madava Sugar Maple since 2015 and as General Manager for Galicia Food & Drink since 2014. He is a graduate of the University of Oklahoma with bachelor degrees in public administration and geology.
New Leaf USDA organic tree saps and syrups are sourced from a variety of tree species, some of which will be available commercially for the first time. Maple and birch sap and syrup are available year-round. With this spring’s harvest, syrup from beech, basswood and walnut trees will be available for the first time in limited quantities. Syrup blends of maple with birch, walnut, beech or other tree species also will be available as will maple syrups infused with forest-sourced botanicals, mushrooms, berries, and other ingredients.
Rhode Island Invests in Farm Fresh RI Food Hub Project
Rhode Island Commerce Corporation recently approved $2.2 million in tax incentives for the $15.5 million Farm Fresh RI Food Hub project in Providence, RI.
The 3.2 acre food hub and permanent indoor farmer’s market will co-locate the Farm Fresh organization along with a cluster of local food and farm businesses, in the hopes to work together and boost the food industry and production within the state.The Food Hub is set to create an environment that stimulates job creation and small business success while providing opportunities for nutrition education and job training i.e. housing Farm Fresh RI Harvest Kitchen, a culinary arts training and production center that works with unemployed Rhode Islanders.
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The $2.2 million Rebuild RI tax incentives will go towards the development of a new 61,500-square-foot building at 498 Kinsley Avenue in Providence. The project is expected to create 284 construction jobs and 117 permanent jobs initially. Groundbreaking is set for 2019, possibly late this summer.
Albertsons Companies Appoints Vivek Sankaran President and Chief Executive Officer
Albertsons Companies has appointed Vivek Sankaran, Chief Executive Officer, PepsiCo Foods North America, as President and Chief Executive Officer of Albertsons Companies, effective April 25, 2019. Jim Donald, currently the company’s President and Chief Executive Officer, will continue as co-Chairman of the Board, with Leonard Laufer serving as the other co-Chairman. The company’s longtime leader Robert Miller has been named Chairman Emeritus and will continue to serve as a member of the board of directors.
“When I joined Albertsons Companies in 2018, I found a company that had a strong decentralized operating model, a fantastic leadership team and incredible potential to be the four-walls and no-walls leader in the grocery industry,” said Donald. “Over the past year, our team made our company’s nearly 2,300 stores even stronger as we sharpened our focus on the intersection of technology and service. I’m looking forward to the continued progress of the company under the seasoned leadership of Vivek. We continue to be well-positioned to serve the evolving needs of today’s customer, where, how and when they choose to shop with us.”
Continued Donald, “Vivek brings a rare blend of CPG, retail, manufacturing, logistics, technology, and research and development to Albertsons Companies, all of which are key components to being a successful retailer in an omni channel-driven environment. Moreover, Vivek has the keen understanding that the front line is directly linked to the bottom line, and I’m confident he will inspire and engage our 270,000 associates across our stores, support offices, manufacturing facilities, and distribution centers.”
“It is a great privilege to join a company that has such deep roots in American retail,” said Sankaran. “Albertsons, Safeway, Vons, Jewel Osco, Shaw’s, ACME, Tom Thumb, Randall’s, United Supermarkets, Market Street, Pavilions, Star Market, Haggen and Carrs – all of these banners and more in the Albertsons Companies family of stores have hundreds of years of combined history. Our stores are integral to the lives of millions of customers each week. I’m excited to build on the legacies of past CEOs Bob Miller and Jim Donald who both laid a solid foundation for success, and look forward to working with our associates to realize the opportunities and navigate the challenges in our evolving industry.”
“I’ve known Vivek for many years. He has always impressed me, not only with his exceptional work at Frito-Lay in managing the many facets of a multibillion-dollar food business, but also with his ability to work with and develop people,” said Miller. “I couldn’t be happier to leave Albertsons Companies in Vivek’s hands.”
Sankaran was named CEO of PepsiCo Foods North America in December 2018. Prior to that, he served as the company’s president and chief operating officer, a position he was named to in 2016. Over the last three years, he has led Frito Lay to industry-leading growth by remaining focused on innovation, technology and execution. Over his 10-year career at PepsiCo, in addition to leading Frito-Lay, Sankaran also served as the chief commercial officer for PepsiCo North America, Chief Customer Officer of Frito Lay, and as the Senior Vice President of Strategy for PepsiCo.
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Before joining PepsiCo in 2009, Sankaran was a partner at McKinsey and Company, where he served various Fortune 100 companies, bringing a strong focus on strategy and operations.
Sankaran has an MBA from the University of Michigan, a master’s degree in manufacturing from the Georgia Institute of Technology and a bachelor’s degree in mechanical engineering from the Indian Institute of Technology in Chennai.
Laufer, who was appointed to the Albertsons Companies Board of Directors in October 2018 and is now board co-Chairman alongside Jim Donald, is a Senior Managing Director and Head of Transformation and Technology for Cerberus Capital Management. In this capacity, he leads Cerberus Technology Solutions, a subsidiary of Cerberus focused exclusively on leveraging emerging technology, data, and advanced analytics to drive business transformations. Laufer and his team of senior technologists work closely with Cerberus investment and operating professionals on targeted initiatives aimed at improving systems and generating value from data. Across its platform Cerberus Technology Solutions has expertise in advanced analytics, artificial intelligence, digital/e-commerce, agile development, big data, and cyber security.
Prior to joining Cerberus, Laufer had launched and was the head of JPMorgan Intelligent Solutions, a unit of JPMorgan Chase & Co. created to solve business problems and provide strategic insights through data mining, analytics, and modeling. Prior to JPMorgan Chase & Co., Laufer cofounded and was CEO of Argus Information and Advisory Services, which was sold in 2012 to Verisk Analytics. Laufer successfully grew Argus into the leading provider of pricing, risk and behavioral data to the credit card industry.
Laufer is a graduate of Harvard University, and he received an MBA from the Wharton School of Business, University of Pennsylvania.
