Management is trying to improve the contribution of innovation to overall company performance.
 

Company continues to reshape portfolio.

Industry observers waiting to see the benefits of the changes.
 

The new name must be approved by shareholders.
 

The new entity will be called Crepini Foods LLC.
 

Company is transitioning from portfolio reshaping to growth.

New products launched in fiscal 2024 are projected to contribute a point of growth to net sales in fiscal 2025.
 

Food and beverages experienced the biggest decrease, with brand-new products representing 26% of launches from January through May 2024.

In 2024, the market researcher forecast retail food and beverage volume growth of 1%.
 

Incoming CEO highlights his priorities for the world’s largest food company.