Objective:
To become the world's premier food company by achieving the Chairman's imperatives to increase profitable growth, remove clutter, squeeze out cost, and recognize and reward performance. Industry:
Consumer products and food manufacturingKey Facts:
- One of the world's largest food producers with more than 30 exceptional brands such as Heinz Tomato Ketchup, Heinz Baked Beans, Heinz Tomato Soup, Ore-Ida Frozen Potatoes, and Plasmon Baby Food
- No. 1 or No. 2 market positions in more than 50 countries
- 60% share of U.S. ketchup market
Results:
- Based on success in North America, used EHS Partners in Europe
Press:
- Who's Really Shaking Up Heinz: It's not activist investor Nelson Peltz driving growth. It's the CEO.
At Heinz, recent stock increases, a rise in revenues of 6%, and an increase in profits of 27% had some wondering if an invested hedge fund activist was to be congratulated. To the contrary, analysts are pointing to the leadership of CEO William Johnson who has taken the company by storm cutting costs, slashing underperforming units, and re-developing his brand with new products and marketing. (March 12, 2007, Business Week) - Consumers Rank H.J. Heinz Company Number One in Annual American Consumer Satisfaction Index (12 KB PDF)
On the latest American Consumer Satisfaction Index (ACSI) Heinz scored the index's highest-ever rating. (November 17, 2005, Heinz Press Release) - Consumers Rank H.J. Heinz Company Number One in Annual American Consumer Satisfaction Index (12 KB PDF)
On the latest American Consumer Satisfaction Index (ACSI) Heinz scored the index's highest-ever rating. (November 17, 2005, Heinz Press Release) - Sunday Interview—with William R. Johnson (11 KB PDF)
Heinz Chairman and CEO Bill Johnson defines how Heinz has made tactical decisions recently positioning themselves to ride out the low-carb trend and protect stock price. By Laura Rich. (October 10, 2004, New York Times)