Carnation Co., which became part of the Swiss food conglomerate Nestle S.A. earlier this year, Friday announced a host of promotions in connection with a major restructuring of management.
Chief Executive Timm F. Crull said in a prepared statement that the appointments "capitalize on the strengths of our people and organization and will make Carnation a stronger entity in the food industry in the years ahead."
Richard N. Matthews, the newly appointed vice president-corporate communications, noted that the restructuring was "initiated by Carnation management," not its new parent. Nestle bought the Los Angeles-based diversified food company for $3 billion, the largest non-oil merger in corporate history.
The restructuring involves major reassignments in all operating divisions, Matthews said. The various divisions will report to four executive vice presidents, who in turn will report to Crull. "Carnation has always been conservative in its approach to any issue and there no change in that regard, but the (restructuring) makes us a stronger team," he said.