PepsiCo today announced the appointment of Kyle Faulconer to the role of Chief Executive Officer for Australia and New Zealand.
Ingham’s Chairman Peter Bush announced Andrew Reeves has been promoted from his old position of non-executive director to the roles of chief executive officer and managing director of the company.
Unilever has announced that Nicole Sparshott, the CEO of its speciality teas business T2, has been appointed CEO of Unilever Australia and New Zealand (ANZ), after Clive Stiff decided to retire from the business following eight years in the role and 34 years in fast moving consumer goods.
Clive joined Unilever in 2012 and has been a transformative leader throughout his tenure. He is credited with driving purpose-led growth, leading the digitisation of the ANZ business as a pioneer for Unilever globally, leading a number of M&A initiatives, and championing sustainability, diversity and inclusion both within the company and in external forums.
During his time leading Unilever ANZ, he has also served in the Male Champions of Change movement, on the Board of the Business Council for Sustainable Development Australia, on the Advisory Council of UNSW Business School and as chair of the Australian Food & Grocery Council.
Nicole Sparshott (Nicky) will retain leadership of the T2 business as Global T2 CEO in addition to her role as CEO for Unilever Australia & New Zealand. She will assume the role from the beginning of April 2020 and will report to Unilever’s global chief operating officer, Nitin Paranjpe.
Sparshott brings to the role deep experience across general management, brand development and marketing, combined with a passion for purpose-led business. She joined Unilever ANZ in 2006 as marketing director for foods, ice cream and beverages, before moving to Singapore to take up various leadership roles in the refreshment business across Asia.
Following Unilever’s acquisition of T2, she was appointed CEO T2 in 2016; and has since accelerated the business through market expansion, channel diversification and driving transformation across the value chain to enable its recently-awarded B-Corp accreditation. Prior to joining Unilever, Nicky held multi-market roles at P&G, The Coca-Cola Company and at advertising agency George Patterson. She serves on the boards of WWF-Australia and Global Sisters.
“It’s been an absolute privilege to lead Unilever Australia & New Zealand for the past 8 years. I leave with a strong sense of pride in what our talented team has achieved together over this time – from continuing to deliver great brands and innovation for our consumers and retail partners, through to better serving our society and planet with the way we do business. I’m also confident that I’m leaving the business in very good hands under Nicky’s leadership,” Stiff said.
“Having started my Unilever career in the ANZ business, I’m delighted to be returning to Australia to lead this fantastic organisation. Consumer trends and preferences are evolving rapidly, providing brands with an opportunity to be more innovative and dynamic than ever before. By leading Unilever ANZ during a period of significant change, Clive has laid a strong foundation of agility in the business, paving the way for our next stage of growth in this market,” Sparshott said:
Stiff will continue with the business until March 31 to ensure an orderly transition to the new CEO.
Kraft Heinz Australia has confirmed Simon Laroche as its new CEO. He is charged with growing the business, strengthening relationships with retailers and supply chain partners as well as extending the company’s local product innovation.
Laroche has in-depth experience in the FMCG sector, with successful senior roles at Canada’s largest brewery company, Labatt Breweries. Most recently, he was Vice President of Sales, where he managed 1,000 employees across sales and marketing teams. His areas of responsibility spanned international operations and partnerships, including within the Australian market.
“I am delighted to join the team at Kraft Heinz Australia and lead the company into its next phase of growth,” said Laroche. “It’s an exciting, fast-moving business, boasting iconic brands which Aussies love. Brands which are rich in heritage with products that bring great innovation to their categories.
“Most importantly, what sets Kraft Heinz apart is its people. The business has an outstanding team – all true talents in their fields, bringing energy, passion and creativity to their work each day.”
Since Kraft and Heinz merged in 2015, Kraft Heinz Australia has expanded and now employs more than 900 people across operations, production, sales and marketing. In the past 12 months, the company has also added a number of brands to its portfolio including Gravox, Fountain and SAXA following the acquisition of Cerebos in 2018.
Laroche further commented: “Even though Kraft Heinz is a large global company, the business strategy and operations here in Australia are very localised, from product development and innovation to partnerships. This uniqueness means that most products have been carefully created to meet the needs of Australian palates.
“My immediate focus areas are accelerating the company’s success and growth path through brand investment and innovation. Our new product development is centred on meeting emerging food trends – from the growing demand for plant-based products and multisensory food experiences to snacks that support healthy lifestyles. We have a number of exciting new products in the pipeline,” added Laroche.
Development of the company’s people is also a key priority for Laroche. The business is renowned for giving people every opportunity to succeed and grow at the pace of their talent.
Kraft Heinz in Australia has been recognised as one of the country’s leading employers, recently named in The AFR’s Top 100 Graduate Employers 2019 List.
The Australian Domino’s Pizza CEO is earning more than a slice of pizza as he tops the list of highest payed bosses in the country.
The Australian Council of Superannuation Investors (ACSI) found that the highest paid ASX200 CEO in the 2017 financial year was Don Meij from Domino’s.
With more than $36 million to his name that year, Meij’s earnings supersede CEO’s from other large companies in Australia.
The second highest earners were Peter and Steven Lowy from Westfield Corp, who earned about $25.9m.
Macquarie Group’s CEO, Nicholas Moore wasn’t far off second place with a generous $25.2m.
Persistent and increasing bonus payments drove remuneration to record levels, according to the latest analysis from ACSI.
The pay packets have been the highest reported for ASX100 CEOs since the study began 17 years ago.
The report found that all but six of the 80 CEOs eligible for a bonus received one.
The median bonuses awarded to CEOs was at 70.5 per cent of their maximum entitlement.
ACSI chief executive Louise Davidson said at a time when public trust in businesses was low and wage growth was week, board decisions to pay large bonuses for hitting budget targets rather then for exceptional performance was “especially tone deaf”.
“This may be a sign that boards have lost sight of the link between a company’s social licence and the expectations of communities and investors.
“It’s a sad state of affairs when bonuses have become such a sure thing.”
If the issue was not addressed voluntarily, legislative intervention may be needed to give shareholders a greater say, Davidson said.
“We will be looking closely at bonus outcomes in the upcoming reporting season. If they’re not transparent and reflective of performance, we will be recommending that our members vote against those remuneration reports.”
There were too few female CEOs in the ASX200 for ACSI to analyse gender pay equality in its survey.
ACSI counted more CEOs called Andrew in the ASX100 sample than women.
Other top earners included Chris Rex from Ramsay Health Care at $22.3m and Alan Joyce from Qantas Airways at $11.2m.