Community Coffee CEO Belanger to Retire
Community Coffee, based in Baton Rouge, La., announced that CEO David Belanger, a member of its board of directors, intends to retire with a target date of June 28, 2024. Belanger has served as CEO since 2012. He joined as director of operations in 1998.
Belanger will work with the board of directors to ensure a seamless transition and will remain CEO and member of the board until his successor is onboarded. The Board has initiated a search process to identify Belanger’s successor.
Matt Saurage, chairman of the board of directors stated, “On behalf of the Saurage family and the board of directors, I want to thank David for his 25+ years of service to Community Coffee Company, to our customers and to our employee-family. Under David’s leadership, the company has more than doubled in size and our brand is stronger than ever. David has an unwavering commitment to our values and has instilled a culture of excellence in everyone, both personally and professionally. As a result, we are well positioned for continued growth and expansion.”
Belanger said to employees, “I’ve been blessed to be part of this incredible company and it has been an honor serving you since joining the company in 1998. Together, we have expanded on the company’s history of success while positioning for an even brighter future. I believe that now is the right time to begin the search for a new CEO who will continue that journey with you all. While the search for my successor is underway, I remain committed to working alongside you and our board of directors to further our strategy while ensuring a seamless transition.”
Founded in 1919, Community Coffee, is the nation’s #1 family-owned premium retail coffee brand. The company is an importer, roaster and distributor of premium coffee products available online and in retail stores and businesses nationwide. Community Coffee offers whole-bean, ground, single-serve, freshly brewed and ready-to-drink options. Founded in Baton Rouge, the company remains true to its purpose of bringing joy to those who help communities thrive with programs supporting teachers, military service members, first responders and farmers, among others.
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Pepsi Bottling Ventures Suffers Security Breach
Pepsi Bottling Ventures LLC has revealed that a security breach occurred in December that may have involved some personal information provided by current and former employees and contractors of PBV.
Pepsi Bottling Ventures is an independent, privately-held bottler. No information owned by PepsiCo was affected.
On Jan. 10, Pepsi Bottling Ventures learned that unauthorized activity was reported on certain internal IT systems. PBV took prompt action to contain the incident and further strengthen the security of its networks. Based on its investigation, an unknown party accessed those systems on or around Dec. 23 and downloaded certain information contained in the accessed IT systems.
As of Jan. 19, PBV has detected no unauthorized activity.
The impacted information varies by individual, and may have included: first and last names (including individual and/or parents’ legal surname prior to marriage); home address; email address; financial account information (including a limited number of passwords, PIN codes or other access numbers); state and federal government issued identification numbers such as driver license numbers, ID cards, Social Security numbers and passport information; digital signatures; and information related to benefits and employment, including certain limited medical history, health and health insurance claims, and health insurance information such as policy numbers.
Pepsi Bottling Ventures promptly reported the incident to law enforcement, suspended all affected systems and investigated to understand the scope and impact of the incident. At this time, the company said it not aware of any identity theft or fraud involving an individual’s personal information.
Pepsi Bottling Ventures has secured the services of Kroll to provide identity monitoring at no cost for at least one year for those impacted. Identity monitoring services include credit monitoring, a current credit report, web watcher, public persona, Quick Cash Scan, $1 million identity fraud loss reimbursement, fraud consultation and identity theft restoration.
For those who may have been affected, the company advises promptly change username(s), password(s) and security question answer(s) for any accounts or account information maintained with Pepsi Bottling Ventures and take any other appropriate steps to protect all other online accounts that use the same username, password or security question answer.
Those seeking additional information may contact a toll-free call center at (866) 674-3149, Monday through Friday, from 9:00 a.m. to 6:30 p.m. Eastern Time, excluding major U.S. holidays.
“PBV values the security and privacy of the information entrusted to us and deeply regrets this incident,” the company said in a statement.
Pepsi Bottling Ventures LLC is a privately held manufacturer, seller and distributor of some of the most recognized beverage brands in the world. Headquartered in Raleigh, N.C., PBV has 19 locations in North Carolina, South Carolina, Maryland and Delaware.
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Coca-Cola to Buy Finlandia Vodka for $220M
Brown-Forman Corporation has reached an agreement to sell its Finlandia vodka brand to Coca-Cola HBC AG for $220 million, subject to the customary closing process. The purchase is expected to close in the second half of the 2023 calendar year.
“Finlandia has played an important role in the global growth of Brown-Forman. Since the brand originally joined our portfolio in 2000, many talented individuals have worked hard to bring Finlandia vodka to the world, and I thank them for their dedication,” said Lawson Whiting, president and CEO, Brown-Forman Corporation. “We believe Coca-Cola HBC is well-suited to support Finlandia’s future growth and look forward to watching the continued evolution of the brand in their capable hands.”
“We are excited and privileged to become the new home for Finlandia vodka. This unique opportunity for us will support our mixability strategy with our core Non-Alcoholic Ready-To-Drink portfolio and sharpen our focus on the strategically important on-premise channel. We are already developing strong plans to take Finlandia to the next level by accelerating and leveraging the brand’s current momentum,” said Zoran Bogdanovic, CEO, Coca-Cola HBC AG. “Lastly, I would like to welcome the Finlandia team to the Coca-Cola HBC family and look forward to great successes.”
Brown-Forman has managed the shape and contents of its portfolio over the last decade and a half through developing, acquiring, and divesting various businesses and brands. The company acquired Finlandia from Altia Corp. (predecessor to the current production partner Anora Group Plc) in multiple phases, obtaining full ownership in 2004.
For more than 150 years, Brown-Forman Corporation has enriched the experience of life by responsibly building fine quality beverage alcohol brands, including Jack Daniel’s Tennessee Whiskey, Jack Daniel’s Ready-to-Drinks, Jack Daniel’s Tennessee Honey, Jack Daniel’s Tennessee Fire, Jack Daniel’s Tennessee Apple, Gentleman Jack, Jack Daniel’s Single Barrel, Woodford Reserve, Old Forester, Coopers’ Craft, The GlenDronach, Benriach, Glenglassaugh, Slane, Herradura, el Jimador, New Mix, Korbel, Sonoma-Cutrer, Finlandia, Chambord, Fords Gin, Gin Mare, and Diplomático Rum. Brown-Forman’s brands are supported by approximately 5,600 employees globally and sold in more than 170 countries worldwide.
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