Chemical firm chief to retire
Article Abstract:
Rohm & Haas Co., the chemical maker headquartered in Philadelphia, PA, announced on Jul. 21, 1998, the retirement of Chairman and Chief Executive J. Lawrence Wilson at the end of 1999. Wilson, who has been chairman and CEO of Rohm & Haas since 1988, will be succeeded by Rajiv L. Gupta, the company's vice president for electronic materials and its Asia-Pacific operations. Gupta will become vice chairman in January 1999 and chairman and will be chief executive of Rohm & Haas by end of 1999. Rohm & Haas also announced that John P. Mulroney, its president and chief operating officer since 1986, will also retire. Mulroney will be replaced by J. Michael Fitzpatrick by the end of 1998.
Comment:
Its longtime Chairman and Chief Executive J Lawrence Wilson will retire at the end of 1999
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 1998
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Vlasic's first fiscal year was a down one
Article Abstract:
Vlasic Foods International said it incurred a loss in first fiscal year after it was spun off from Campbell Soup Co. The Cherry Hill, PA-based producer of pickles and Swanson brand products also said it is negotiating with Hibernia Food for the sale of its Germany-based gourmet foods business and its England-based frozen sweets facility. Vlasic reported a 22% decline in sales when the firm postponed deliveries so clients can make cuts on their inventories. The food firm said it hopes to generate an additional $20 million in sales in 1999 as it has started to sell to Wal-mart and Sam's Club Stores.
Comment:
Says it incurred a loss in first fiscal year after it was spun off from Campbell Soup Co
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 1998
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Swanson beefs up chicken to spur frozen-dinner sales
Article Abstract:
Vlastic Foods International of Cherry Hills, PA, has improved its Swanson frozen chicken dinners to make the meat look more like chicken. The relaunch of Swanson will be accompanied by a $5 million advertising campaign targeted at babyboomer parents. The change is part of the company's efforts to profit from old businesses since it was spun off from Campbell Soup Co. in spring 1997. The company's fried chicken product, with $75 million in annual sales, suffered losses under Campbell's years of cost cutting.
Comment:
Has improved its Swanson frozen chicken dinners to make the meat look more like chicken
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 1998
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