Milling & Baking News - April 30, 2013 - 1

THE NEWS WEEKLY OF GRAIN-BASED FOODS
APRIL 30 , 2013

bakingbusiness.com / foodbusinessnews.net

SPECIAL INSERT

Signature Interview

Jim Meyer provides a steady
hand at the NAMA helm

AIB Annual Report
Insert after Page 32

LATE NEWS

Strong ﬁrst-quarter
earnings for Bunge
WHITE PLAINS, N.Y. — Net income
at Bunge Ltd. in the first quarter
ended March 31 totaled $170 million,
equal to $1.15 per share on the common stock, up 102% from $84 million,
or 57c per share, in the same period
a year ago. Net sales during the first
quarter of fiscal 2013 were $14,785
million, up 15% from $12,909 million
in the first quarter of fiscal 2012. “We
had a solid first quarter,” said Alberto
Weisser, chairman and chief executive officer. “Our agribusiness team
performed well, managing risk in a
volatile market environment characterized by tight global supplies and
challenging Brazilian logistics. We are
Continued on Page 8

PALM COAST, FLA. — Jim Meyer,
president and chief executive officer,
Italgrani U.S.A., St. Louis, had no idea
last October, when he was elected vice-chairman of the North
American Millers’ Association,
that circumstances would thrust
him into the leadership of the
trade association at a critical
juncture. Within the span of but
a few weeks early this year, the Meyer
association lost both its chairman and its president.
Greg Schlafer, formerly vice-president of the Bakeries and Foodservice
Division of General Mills, Inc., Minneapolis, who was elected NAMA chairman at the same annual meeting where

Mr. Meyer was elected vice-chairman,
resigned his post in early January after accepting a position with ConAgra
Foods that pulled him out of the
milling industry, and Mary Waters
on Jan. 28 resigned her position
as NAMA president after having served in that capacity since
April 2010.
But NAMA always has been a
resilient organization supported
by committed and stalwart members. What it required was a steady hand
to guide the leadership transition while
ensuring NAMA didn’t skip a beat with
regard to representing the milling industry’s interests in Washington. That
Continued on Page 14

Bright outlook for Expo among
many positives seen for A.B.A.
AVENTURA, FLA. — Exhibitor space
sales for the International Baking Industry Exposition set for Oct. 6-9 in Las
Vegas are nearly at the budgeted target
and have significantly outpaced sales
from three years ago, said R. Jack Lewis
Jr., president of Lewis Brothers Bakeries,
Inc., Evansville, Ind.
Speaking April 21, Mr. Lewis offered
an upbeat outlook for the 2013 Baking
Expo when he addressed the all membership meeting of the American Bakers

Association. The meeting was part of the
A.B.A. annual convention April 21-24 at
the Turnberry Isle Resort in Aventura.
Speaking to A.B.A. members, Mr. Lewis
was a late fill-in for I.B.I.E. co-chair Mike
Beatty. Mr. Beatty, executive vice-president of supply chain at Flowers Foods,
Inc., Thomasville, Ga., was unable to attend because of a family illness.
Days before the A.B.A. meeting, exhibitor space sales were $6,800,767 for
the 2013 show, Mr. Lewis said, equating
to 97% of budgeted final sales.
“The figures have been updated since
these came out, and we’re now 99% of
the way to our budget,” he said. “We’re
much further along than we were three
years ago.”
In remarks to open the membership
Continued on Page 28

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Milling & Baking News - April 30, 2013

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