Twinkies maker Hostess brands names new CEO
Hostess Brands Inc., the maker of Twinkies and Ding Dongs, has named Andrew Callahan, a veteran consumer packaged goods leader, as its news new president and chief executive.
The Kansas-based company said that Callahan will become CEO on 7 May. He has over 23 years’ experience in the consumer goods industry, holding positions at Tyson Foods, Kraft Foods, The Hillshire Brands and Sara Lee.
Callahan will replace executive chairman Dean Metropoulos who has been serving as interim CEO since the firm’s former boss Bill Toler retired in March.
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Metropoulos will remain as executive chairman of the company, the snacks brand said.
Speaking of Callahan’s appointment, Metropoulos said: “He is a very accomplished consumer packaged goods executive with strong experience in leading brands and we welcome his leadership, brand and innovation expertise as we continue to further build our distribution and market share in the sweet baked goods category.”.
Credited for being a “driving force” at Hostess, Toler announced his retirement in October.
“Under Bill’s leadership, the Company successfully re-established the iconic Hostess brand as a leader within the sweet baked goods category and transitioned from a private to public company,” said executive chairman Dean Metropoulos.
“Bill has led Hostess through a considerable growth phase and has generated significant stockholder value. It has been a pleasure working with him to establish a strong culture as a foundation for future success.”
SokoFresh's cold storage units will stop food waste in Kenya
A foodtech company in Kenya is using solar energy to help smallholder farmers keep harvested produce cool to prevent food waste.
SokoFresh is a member of The Circulars Accelerator, an initiative to help entrepreneurs scale innovations that will help the world move towards a circular economy – in which waste is eliminated and resources are used again and again.
New cold storage units to prevent food waste
Small-volume farmers who grow avocados, mangos and French beans in Kenya, are helping to test the model from SokoFresh, which manages mobile cold storage units, that run on 100% solar energy.
By paying a small amount (1 Kenyan shilling) per kilogram on a pay-as-you-go basis, farmers or produce buyers can affordably access cold storage, when they need it.
SokoFresh plans for 400 cold storage units, in five years, to boost income for 35,000 farmers.
Cold storage units will support Kenya’s farmers
About 90% of Kenya’s agricultural produce comes from smallholders, who don’t have the kind of cold storage solutions available to large-scale producers. This means lots of produce perishes in outside temperatures after being harvested.
“More than 30% of all food produced in the world for human consumption gets lost or wasted”, said a representative from SokoFresh says. “Food loss in Africa occurs almost entirely in the production and distribution stages.”
Farmers using the model can earn up to 50% more on their harvest, while buyers receive more and better quality produce.
The cost of logistics is also reduced, because trucks are picking up full loads that have been stored in the cold storage units by multiple farmers.
Enviu, the Netherlands-based impact venture organization behind SokoFresh, hopes to have a network of 400 cold storage units in the next five years. This would help 35,000 farmers, creating 3,000 new jobs in rural areas and reducing greenhouse gas emissions.
Sokofresh supports UN Sustainable Goal 12
Around 14% of food is lost after harvest on farms and at the transport, storage, processing and wholesale stages, according to the Food and Agriculture Organization of the United Nations. This food has a value of more than $400b a year.
UN Secretary-General António Guterres last year described food loss and waste as an “ethical outrage.”
By 2030, UN member states have pledged to halve food waste and reduce food loss as part of Sustainable Development Goal 12.
SokoFresh is a part of the solution to food security and ending food waste.