CFO Anna Manz said “more needs to be done” to improve execution in the region, particularly for creamers and its Gerber brand.

The snacking giant said the overhaul of the 100-year-old cookie brand, with nearly $5 billion in sales, will include new packaging, price points and formulas.

The transaction marks the second major divestiture for the natural and organic food maker this year following the sale of its North American snacks business.

A resealability issue in the product’s packaging was responsible for “the vast majority of the problem,” the company’s CEO said.

The beverage giant is putting a ready-to-drink twist on the buzzy drink trend, which an executive said has yet to reach its peak.

Allison Stransky will join the Samuel Adams owner from Samsung Electronics America, where she’s focused on applications of big data and AI.

Only 14% of brands saw growth in purchasing intent among consumers, with legacy players securing the biggest boost, according to Morning Consult. 

Jeff Harmening said there is a “high bar” for acquisitions, but the food maker could consider additional divestitures.