Kelloggs scythes through top team
KELLOGGS has announced a radical shake-up of senior management in a bid to restore the fortunes of its ailing cereals business.
The chief financial officer, the president of European operations, general counsel and a senior vice-president for human resources are all leaving the company.
The changes follow a month after the appointment of a new chief executive.
The Michigan-based maker of ready-to-eat cereals has suffered an 11% drop in operating profits last year and declining sales at home and abroad.
- Kellogg slashes over 700 jobs, FWi, 03 December, 1998
- New president at Kellogg, FWi, 25 June, 1998
- Financial Times 04/03/99 page 36 (News Digest)