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Dated: 31 October 2008
The Global Food Safety Initiative (GFSI), managed by CIES – The Food Business Forum, announced that a new governance structure has been created for the GFSI Board of Directors.
JP Suarez, senior vice president and general counsel, International Division, Wal-Mart Stores, has been elected to serve as the new GFSI Chairman for a one year term of office.
JP Suarez replaces Roland Vaxelaire, director of risk, responsibility and quality, Carrefour Group in this position.
Yves Rey, corporate quality general manager, Danone Group and Cindy Jiang, director, worldwide quality, food safety, and nutrition, McDonald's Corp, USA have been elected to serve as vice-chairs for a two-year term of office.
Through a recent strategic alliance with the food service sector and closer collaboration with food manufacturers, the GFSI has been greatly strengthened and this new governance structure reflects the importance and balance of these supply chain partners in the work of GFSI.
The GFSI, managed by CIES - The Food Business Forum, was set up in 2000 to pursue continuous improvement in food safety management systems, cost efficiency in the supply chain and, above all, safe food for consumers worldwide.
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Russia's X5 Retail Group has agreed to buy 100 per cent of OOO Agrotorg-Rostov - a franchisee of the group's Pyaterochka chain in the Rostov region - for RUB 400 mln (EUR 10 mln). The sum includes refinancing of debt owed to B.I.N.BANK and trade accounts payable to suppliers and employees.
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Saigon Co.op, a leading grocery retailer in Vietnam, is set to open a chain of small-scale food outlets in Ho Chi Minh City (HCMC). The Co.op Food outlets will be located in densely populated zones and will sell fresh food and vegetables, according to a report in Vietnam Business Finance.
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Wal-Mart has announced it will launch a tender to acquire all the issued and outstanding shares and American Depositary Shares of the Chilean company, Distribución y Servicio D&S S.A.(DYS), giving it a major foothold in the South American country.
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