New Industry Group Aims to Safeguard Bottom Line Success

A new forum has been set up to help food, beverage and consumer products companies adapt to market changes and share ideas to ensure continued financial success amid economic challenges.

The Grocery Manufacturers Association (GMA) has announced the formation of its Chief Financial Officer Committee, which will tackle the financial and marketplace issues affecting the industry.

The committee will begin with considering issues including cost management, financial reporting, taxation and sustainability investments and practices, among other topics.

It is being lead by the chairman Donal L Mulligan, executive vice president and chief financial officer at General Mills. The vice chairman is Humberto Alfonso, senior vice president and chief financial officer, The Hershey Company.

Mulligan said: “Our objective is to connect top industry CFOs and financial professionals to identify trends, regulatory changes and benchmarks critical to every CPG maker’s governance and bottom line.

“In doing so, we believe the industry at large can benefit by its members having more ready access to pertinent financial data and trend analysis and by GMA receiving counsel from senior financial leaders.”

Source: FoodNavigator-USA.com