News Briefs
UNILEVER HOME & PERSONAL CARE-NORTH AMERICA:
announced yesterday that Paulanne Mancuso has resigned as president
and CEO of Unilever Cosmetics International (UCI). Until a successor is
named, Charles Strauss will be responsible for the operation of the UCI
business, which reports to him in his role as business group
president.
GENERAL MILLS, INC.: will make a final cash payment of $272.9
million to British beverage conglomerate Diageo Plc, bringing its total
payment for frozen dough maker Pillsbury to $9.98 billion.
Minneapolis-based General Mills, which makes Wheaties cereal and
Progresso soups, will make the payment from cash on hand, the company
said yesterday. The amount was based on the purchase agreement for
Pillsbury, which General Mills bought in October 2001 to expand in the
area of prepared foods.
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