Kellogg CEO John Bryant to Step Down
By Annie Gasparro
Kellogg Co. Chief Executive John Bryant is stepping down next week after nearly seven years leading the cereal and snack giant through a tumultuous time in the food industry.
Steven Cahillane, chief executive of health-and-wellness company Nature's Bounty and a former Coca-Cola Co. executive, will join Kellogg to succeed Mr. Bryant, the company said Thursday.
Kellogg, the maker of Frosted Flakes, Pop-Tarts and Pringles, has been battling sluggish sales as Americans stray from big brands and processed foods, in favor of fresher, more niche alternatives.
It isn't alone in its difficulties. Other big food makers are also starving for sales growth. Mondelez International Inc., Hershey Co. and General Mills Inc. have all announced new chiefs in the past year.
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(END) Dow Jones Newswires
September 28, 2017 09:20 ET (13:20 GMT)