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BUSINESS
June 7, 2001 | BRAD DORFMAN, REUTERS
Gillette Co.'s James Kilts disappointed some investors Wednesday by issuing a lower-than-expected sales forecast and failing to sate their appetite for more information in his first meeting with analysts since becoming chief executive of the struggling razor maker in February. Boston-based Gillette, whose sales have been stagnant for several years, has the potential to post 3% to 5% annual sales growth in the long term, Kilts said.
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BUSINESS
June 7, 2001 | BRAD DORFMAN, REUTERS
Gillette Co.'s James Kilts disappointed some investors Wednesday by issuing a lower-than-expected sales forecast and failing to sate their appetite for more information in his first meeting with analysts since becoming chief executive of the struggling razor maker in February. Boston-based Gillette, whose sales have been stagnant for several years, has the potential to post 3% to 5% annual sales growth in the long term, Kilts said.
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BUSINESS
November 22, 1997 | From Associated Press
A top food industry executive credited with reinvigorating brands such as Oscar Mayer, Jell-O and Kool-Aid while dumping underachievers at Philip Morris Cos. has been recruited to lead Nabisco Holdings Corp. out of its doldrums. Nabisco shares soared 9% Friday after the surprise announcement that James Kilts had been named to succeed H. John Greeniaus as chief executive. Nabisco rose $3.88 a share to close at $46.88 on the New York Stock Exchange.
BUSINESS
November 22, 1997 | From Associated Press
A top food industry executive credited with reinvigorating brands such as Oscar Mayer, Jell-O and Kool-Aid while dumping underachievers at Philip Morris Cos. has been recruited to lead Nabisco Holdings Corp. out of its doldrums. Nabisco shares soared 9% Friday after the surprise announcement that James Kilts had been named to succeed H. John Greeniaus as chief executive. Nabisco rose $3.88 a share to close at $46.88 on the New York Stock Exchange.
BUSINESS
May 25, 2006 | From Reuters
Procter & Gamble Co. said James Kilts, well known in the consumer industry for revitalizing brands and brokering strategic mergers, would step down as head of the company's Gillette unit July 1 and then retire Oct. 1. Kilts, who became a vice chairman of Procter & Gamble when it bought Gillette last year, will work on integrating Gillette into the company in the three months before his retirement.
BUSINESS
November 29, 1991 | From Times Staff and Wire Reports
Kraft Is Cutting Cheese Prices: Kraft USA is reducing the price of many of its natural and processed cheeses 8%, effective Monday. The economic slump has meant that "we've seen volume weakness in the cheese category," said President James M. Kilts. "Lower list prices from Kraft will enable our retail customers to begin passing the savings on to consumers and stimulate demand for cheese products." Glenview, Ill.-based Kraft USA is part of Kraft General Foods Inc.
BUSINESS
January 23, 2001 | Bloomberg News
Gillette Co. named former Nabisco Holdings Corp. Chief Executive James Kilts chief executive and chairman, choosing an outsider to head the world's largest maker of razors for the first time in 70 years. The maker of Mach3 razors and Duracell batteries began a search for a new leader in October when its board ousted Michael Hawley after 18 months of declining sales, sluggish earnings and a falling stock price. Kilts' appointment is effective Feb. 12.
BUSINESS
December 12, 1995 | Times Staff and Wire Reports
Philip Morris Cos. Names New CEO of Kraft International: Louis C. Camilleri, 40, succeeds John M. Keenan, who will serve as chairman of the division until he retires in early 1996, Philip Morris said. Camilleri was promoted from senior vice president for corporate planning at New York-based Philip Morris. He will report to James M. Kilts, Philip Morris executive vice president for worldwide food. Kraft Foods International Inc.
BUSINESS
May 13, 1999 | From Reuters
Presiding over the last annual meeting of tobacco and food behemoth RJR Nabisco Holdings Co., Chairman Steven Goldstone said Wednesday that the $8-billion sale of international tobacco operations allowed a split into "two companies that are in really good shape." Goldstone, ending a tumultuous era storied in the movie and book "Barbarians at the Gate," called his experience at the helm "an interesting ride." "All's well that ends well," he said.
BUSINESS
February 4, 2005 | From Bloomberg News
Gillette Co., which agreed last week to be acquired by Procter & Gamble Co. for about $57 billion, said fourth-quarter profit rose 13%, helped by sales of M3Power razors and Duracell batteries. Net income at the world's largest razor maker increased to $415 million, or 41 cents a share, from $368 million, or 36 cents, a year earlier, Boston-based Gillette said. Revenue climbed the most in eight years, jumping 19% to $3.11 billion.
BUSINESS
June 9, 1998 | From Times Wire Services
Nabisco Holdings Corp. on Monday unveiled a sweeping restructuring that includes shutting some plants and warehouses, firing about 3,100 workers and sharply hiking promotional spending. The nation's largest maker of cookies and crackers said it plans to take a second-quarter restructuring charge of about $268 million, or three times estimated earnings, and take another pretax charge of $118 million over the next year as it reduces its work force by 6%.
OPINION
April 23, 2005
Monty Hall would love the corporate version of "Let's Make a Deal." The rules are complicated, but the bottom line is simple. The easiest way for some executives to fatten their bank accounts is by agreeing to sell their companies. The key phrase in this game is "change of control," meaning a merger or an acquisition that puts an executive's employment at risk. Change of control, for most employees, means sleepless nights spent wondering whether their jobs will be cut.
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