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R&D News

Kerry names Oliver Kelly as new CEO

Prinova acquires Lakeshore Technologies

Beverage R&D News
February 25, 2022

Kerry, Beloit, Wis., named Oliver Kelly as president and CEO of its North American operations, effective Jan. 1. He replaces Gerry Behan who served as interim president and CEO and who will continue in his broader capacity as president and CEO for Kerry Taste and Nutrition. Over the past 30 years, Kelly has served in numerous commercial and management roles, most recently holding the role of commercial CEO for North America. A native of Ballinasloe in Co Galway, Ireland, he joined Kerry in 1991 after graduating from University College Dublin with a bachelor of art’s degree in agricultural science. He moved to North America from Ireland in 2018 after leading Kerry’s strategic growth in the foodservice channel for the Europe region. 

Carol Stream, Ill.-based Prinova expanded its valued-added services with the acquisition of Lakeshore Technologies, Norton Shores, Mich. The contract manufacturer offers a variety of toll processing services, including micronizing, blending, repackaging, sifting, and metal detection and removal. It also will bring new technologies including ceramic jet milling, hammer milling, and inline blending as well as engineering and system design expertise to the Prinova family. Lakeshore Technologies also maintains a dedicated psyllium husk manufacturing line to service the cereal and bar industries.

Firmenich, Geneva, Switzerland, announced that it received an Environmental, Social and Governance (ESG) score of 7.5 from Sustainalytics, ranking it No. 37 of the 14,983 companies rated worldwide. This surpasses the group’s previous score of 8.6 in February 2021, which had already placed Firmenich as the leader in its industry and in the top 1% of all rated companies. The improvement is related to progress along all three dimensions of ESG, including renewable energy programs, human capital development and ESG reporting audit. Additionally, the company was awarded its fourth consecutive Triple “A” by CDP for the group’s leadership in transparency and action on climate change, water security and forestry protection.

KEYWORDS: beverage ingredients executive leadership mergers and acquisitions sustainability

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