Corporate Governance

As a result of its definitive agreement to acquire CytoSport Holdings, maker of Muscle Milk products, Hormel Foods has promoted three of its executives to leadership roles with CytoSport, based in Benicia, California.

Tyson reached an agreement to acquire Hillshire Brands in deal valued at $8.55 billion that includes Tyson paying a $163 termination fee to Pinnacle Foods, a company Hillshire was in the process of acquiring.

Tyson said it will pay $63 a share for Hillshire in an all cash deal that makes the world’s largest protein producer an even more dominant player on the global food stage.

For the second consecutive year, PepsiCo has named Sunsweet Growers as Hot Fill Co-packer of the Year for exhibiting superior achievements in quality and overall effectiveness across PepsiCo's beverage supply chain.

This marks the fourth time Sunsweet is recognized as Co-Packer of the Year. The three previous awards were for the Yuba City, California, facility in 2007 and 2012 and the Fleetwood, Pennsylvania, facility in 2008.

Overstock.com is offering free Club O loyalty program memberships to active police officers, full-time firefighters, paramedics and certified emergency medical technicians.

Walmart is enhancing its perishable supply chain in the upper Midwest with a new distribution center in Mankato, Minn., slated to open in early 2015.

The retailer broke ground late last month on the 420,000-sq.-ft. facility located a little more than an hour southwest of Minneapolis. Once open in the Spring of 2015 the DC will serve stores in Minnesota and neighboring states of Iowa, North Dakota, South Dakota and Wisconsin.

Former Amazon operations executive Jeff Helms has joined crowdsourced same-day delivery start-up Deliv as head of delivery operations.

Helms spent three years at Amazon in operations management and productivity improvement roles. Prior to Amazon, he spent four years as a professor of military science at Arkansas State University. The West Point graduate also served in the military.

To honor a decorated Indianapolis veteran and dedicated volunteer with Wish for Our Heroes, Indianapolis Colts punter Pat McAfee and tight end Coby Fleener joined forces with Hhgregg.

Together, the group transformed the home of retired US Army veteran Erich Orrick, a Bronze Star and Purple Heart recipient.

Walmart is sponsoring the translation of an industry leading food fraud prevention course into Mandarin as part of a larger effort designed to position  the retailer as a leader in product quality, authenticity and safety.

The International Licensing Industry Merchandisers’ Association has a new chairman and four new board members.

Ohio State University assistant vp for business advancement Rick Van Brimmer was elected chairman of the trade group, filling a position that was held the past two year by Maura Regan with Sesame Workshop. Other key moves saw LIMA board member James Slifer with The Joester Loria Group named vice chairman and Pete Yoder of Cartoon Network elected to the executive committee as a liaison to the board.

Less than a month after former Walmart.com CEO  Joel Anderson joined Five Below as president, the discount retailer’s EVP of merchandising Jeffrey Moore has resigned.

Five Below, which bills itself as the leading retailer of trend-right, high-quality, extreme-value merchandise for pre-teens, teens and beyond, spoke highly of Moore who is leaving to spend time with his family.