FINANCE

Famous Brands names CFO

BY Katherine Boccaccio

Broomfield, Colo. — TCBY Yogurt and Mrs. Fields Cookies parent Famous Brands International said it has appointed Michael Chao as CFO, effective immediately.

Chao was previously VP finance, treasury and investor relations for Vail Resorts.

Famous Brands also announced the reappointment of David Barr to its board of directors. Barr, who is currently chairman of the board for Rita Restaurants and Australian jewelry company The Jewellery Group, was CFO and CEO of the Great American Cookie Co., which was sold to Mrs. Fields in 1998.

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P&G receives acclaim from Clintons

BY CSA STAFF

President Bill Clinton and Chelsea Clinton visited Kanombe school in Kigali, Rwanda, to see the P&G Purifier of Water packets at work as part of Procter and Gamble’s Clinton Global Initiative Commitment to Action to provide clean drinking water to those who need it most.

“Let me say how grateful I am to both P&G, one of the greatest companies in the world in terms of its responsibilities to society and building into their business model lifting lives of people, and to World Vision, one of the great treasures of NGOs, and the fact that they’re doing this together means a lot to me,” said President Bill Clinton, who met children who use the P&G packets to purify their water.

This visit to Rwanda follows Chelsea Clinton’s recent trip to Myanmar, where she traveled with P&G and World Vision to deliver the 6 billionth liter of clean drinking water purified by the P&G Purifier of Water packets.

“At P&G, we want to use our innovation to make social investments that allow people everywhere to thrive,” said Allison Tummon Kamphuis, P&G Children’s Safe Drinking Water Program manager. “These packets are being used all around the world to make dirty, unsafe water clean enough to drink with simple tools — a bucket, a stick, a cloth and a tiny packet. We’re honored to share this work with President Clinton and Chelsea and grateful for the work with World Vision that is bringing us closer to our goal to save one life every hour.”

P&G has been working with partners to provide clean drinking water in developing countries for nearly a decade with its award-winning water purification technology.

As a part of its CGI commitment, P&G plans to participate in the Flash Flood for Good — a new social media initiative that will launch at the CGI annual meeting in New York City September 24. This effort will focus the attention of global leaders, nonprofits, NGO’s, academics, celebrities, private sector partners, corporate brand and the public at large on the need for clean drinking water. The funds raised through this initiative will be used to deliver life-saving clean drinking water to Myanmar, Rwanda and Ethiopia through implementing partner World Vision. Supporters of FlashFloodForGood.org are encouraged to spread the word via social media.

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The ‘soup that made Seinfeld famous’ heads to Walmart

BY CSA STAFF

NEW YORK — Soupman Inc., the parent company of The Original SoupMan, is about to see "the soup that made ‘Seinfeld’ famous" hit shelves at nearly 500 Walmart stores.

The brand’s soups, which are already sold in more than 4,000 supermarkets nationwide, include the classic soups that made the company famous: lobster bisque, chicken noodle, lentil and tomato bisque.

The four soups that will be available in Walmart stores — like all the recipes — are the creations of Al Yeganeh, the brand’s culinary inspiration and conscience.

"Our renowned soups are transforming the aisle in supermarkets," said Lloyd Sugarman, CEO of the Original SoupMan. "Today’s consumers are hungry for variety, freshness and new taste profiles. We believe the Original SoupMan tetra pak carton soups meet and exceed each of those demands. I can’t say it any better than they did on ‘Seinfeld:’ ‘You can’t eat this soup standing up. Your knees will buckle.’"

In addition to select Walmart stores, the Original SoupMan can also be found in the soup aisles A&P, Associated Food Stores, Carr’s, Dominick’s, Fairway, Food Basics, Food Emporium, H-E-B Supermarkets, Pathmark, Pavilions, Price Chopper, Randall’s, Safeway, Super Fresh, The Fresh Market, Tom Thumb, Vons, Waldbaum’s, Weiss and Woodman’s.

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