Food Business News - July 2, 2013 - 19

Nestle chief of technology to retire
VEVEY, SWITZERLAND — Stefan Catsicas has been named executive vicepresident and chief technology officer
of Nestle S.A., effective Sept. 1. He succeeds Werner Bauer, who plans to retire
on Aug. 31, following 23 years with the
company.
“Werner Bauer shaped Nestle’s R.&D.
capabilities for more
than 20 years and
laid the scientific
foundations for our
innovation-driven
approach to nutrition, health and
wellness,” said Paul
Bulcke, chief executive officer of Nestle. Catsicas
“He created a global
R.&D. network and was also instrumental in paving the way for our future activities in the area of health science.”
Mr. Catsicas is currently provost and
executive vice-president of the King
Abdullah University of Science and
Technology in Saudi Arabia. He has a

Inventure ﬁnalizes berry
processing acquisition
PHOENIX — Inventure Foods, Inc. has
completed its acquisition of the berry
processing business of Willamette Valley
Fruit Company, L.L.C.
As a part of the transaction, Inventure
said it has assumed liabilities relating to
business contracts after the closing date and
paid an aggregate amount of $9.5 million.
The acquisition includes the berry
processing equipment assets, building
and ground leases, and other intellectual property and inventory rights. It was
completed on May 28.
“This transaction further underscores
our commitment to providing healthy
food options to consumers and will help
us meet the growing demand for our frozen berries,” said Terry McDaniel, chief
executive officer. “The acquired business is well positioned within the Oregon
berry community, and we look forward
to strengthening our ties with the grower
community. We are also excited about the
additional capabilities this acquisition
will bring and look forward to further diversifying our geographic footprint.”
Willamette Valley Fruit Co. is headquartered in Salem, Ore., and is a familyowned business that processes an average of 13 million lbs of fruit each summer. FBN

July 2, 2013

doctorate in natural sciences from the
University of Lausanne and completed
post-doctoral studies at the Scripps Research Institute in San Diego. He brings
a research and development background
in business and academia to the post.
“I am confident that Stefan Catsicas
will further strengthen this drive across

many scientific fields,” Mr. Bulcke said.
“Bringing together his extensive experience in academia, open innovation and
business Stefan Catsicas has the right
competences to reinforce and advance
our unmatched R.&D. capabilities and
bring them to new levels of achievement.” FBN

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Food Business News - July 2, 2013

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