Nickelodeon expands CMO’s role
NEW YORK — Nickelodeon has promoted Pamela Kaufman to the expanded role of CMO and president of the company’s consumer products. She will report to Cyma Zarghami, president of Nickelodeon Group.
In her new role, Kaufman will oversee Nickelodeon’s domestic consumer products business, encompassing merchandising and licensing for properties which include SpongeBob SquarePants, Teenage Mutant Ninja Turtles and Dora the Explorer.
"Pam is an excellent marketing executive who has provided Nickelodeon with high-level vision, strategy and execution across all media platforms," Zarghami said. "She thoroughly understands the consumer products business and as CMO has the widest view of all the ways our partnerships move across the many different aspects of our company. Under Pam’s leadership of our best-in-class organization our portfolio will continue to grow. By adding consumer products to her purview Pam will combine brand-wide strategic thinking that will connect our many initiatives and CP categories with an eye toward retail expansion."
As Nickelodeon’s CMO, she currently oversees the company’s marketing efforts, including trade, consumer and retail executions across all businesses. The company credits her with building and overseeing “a first-class integrated marketing organization that brings Nickelodeon and its partners together in 360 degree executions, including major events like the Kids’ Choice Awards; digital initiatives such as the recently launched Nick App; and recreational experiences including Nick Universe at Mall of America and the Nickelodeon experience on Norwegian Cruise Lines.”
Before joining the network in 1997 as VP of Nickelodeon promotions marketing, Kaufman worked at Turner Broadcasting System, Inc., as VP of promotions. There, she started the promotions group within TBS’s licensing and merchandising division and led the promotional efforts for corporate initiatives like the Flintstones, Scooby Doo and Johnny Quest. She began her career at Grey Advertising’s Beaumont-Bennet division working on a variety of accounts including Hess gasoline, Gordons Gin and Vodka before moving to equity marketing where she developed and sold comprehensive premium programs to domestic fast food, packaged goods and beverage companies.
Kaufman has a bachelor of arts in public communications from American University.
Nickelodeon, now in its 34th year, is an entertainment brand for kids. The company includes television programming and production in the United States and around the world, plus consumer products, online, recreation, books and feature films.
Payments pay off for Vantiv as Ecommerce fuels growth
Leading payments processor Vantiv cited strength in its e-commerce business as a key driver of a second quarter performance that saw revenues increase 11% to $519.4 million and profits on an adjusted basis increase 21.6% to $82.7 million, or 40 cents a share. Vantiv said its e-commerce business grew by 38% during the second quarter.
"I am proud to report another strong quarter that demonstrates our team’s focus on execution," said Vantiv president and CEO Charles Drucker. "We are winning in our traditional and e-commerce markets while also investing for the future. Our partnerships with leading technology providers enable us to bring innovative value-added solutions to the market and strategically position us as a partner of choice for financial institutions and merchants.”
Vantiv is a leading integrated payment processor that serves the retail and financial services industries with a suite of traditional and innovative payment processing and technology solutions. The company is the third largest merchant acquirer and the largest PIN debit acquirer based on number of transactions in the U.S.
The company’s growth strategy includes expanding further into high growth payment segments, such as ecommerce, payment facilitation, mobile, prepaid and information solutions and vertical industry segments such as petroleum, business-to-business, government, healthcare, gaming and education.
Global momentum boosts Colgate’s Q2 results
NEW YORK — Colgate-Palmolive saw a boost in second-quarter net sales as its global market share in toothpaste and manual toothbrushes hit record highs year-to-date.
Net sales for the quarter totaled $4.35 billion, up 2% compared with the year-ago period.
Net income, which included charges related to its restructuring program, totaled $561 million, or 60 cents per diluted share, for the quarter. This compares with net income of $627 million, or 65 cents per diluted share, in the year-ago period.
Excluding items in both periods, net income during the second quarter 2013 was $662 million, an increase of 3% compared with the year-ago period, and diluted earnings per share of 70 cents.
“We expect our growth momentum to continue as we progress through the year. We are pleased that our global restructuring program is on track and proceeding smoothly. We also continue to be sharply focused on our aggressive funding-the-growth programs and our strategic worldwide pricing initiatives,” said Ian Cook, chairman, president and CEO. “Based on this, we continue to anticipate another year of strong organic sales growth and gross margin expansion in 2013. In light of the ongoing impact of the Venezuela currency devaluation and the recent volatility in foreign exchange in other countries, we now expect diluted earnings per share to grow 4.5% to 5.5% for the year, on a dollar basis, assuming average exchange rates in the balance of the year are equal to current spot rates.”
Cook also said that Colgate’s share of the global toothpaste market strengthened to 45.4% year to date, up 0.1 share points versus year ago. Its global leadership in manual toothbrushes also strengthened during the quarter with the company global market share in that category reaching 33.3% year to date, up 0.4 share points versus a year ago.
In North America, sales rose 5% during the quarter.
In the United States, new product launches are contributing to volume growth across categories, the company stated. Market share gains year to date were seen in manual toothbrushes, powered toothbrushes, mouthwash, body washes and fabric conditioners. In toothpaste, the success of Colgate Optic White and Colgate Optic White Dual Action toothpastes helped drive market share for the Colgate Optic White brand to 5.6% year to date, up 1 share point versus a year ago. In manual toothbrushes, Colgate achieved brand market leadership with its market share in that category reaching a record 37.2% year to date, up 0.6 share points versus year ago, the company stated. This success was driven by strong sales of Colgate 360° Optic White, Colgate 360° Total Advanced Floss Tip bristles and Colgate Extra Clean manual toothbrushes.
New products launching in the third quarter include Colgate MaxFresh Cool Scrub and Colgate Sensitive SmartFoam with Whitening toothpastes and Colgate SlimSoft manual toothbrush.