Word: stitzer
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Dates: during 2000-2009
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...spin-off also leaves a pure-play candy outfit that might be able to find chocolatey growth again. "We're focused on delivering," says CEO Todd Stitzer, the veteran Cadbury executive who is only the second person outside the Cadbury family to run the shop. Stitzer is predicting that yet another restructuring--the company plans to close 15% of its factories and ax 15% of its workers in the next four years--will allow Cadbury's chocolate, candy and chewing-gum business to deliver annual sales increases of 4% to 6% and profit margins in the midteens by 2011 from...
Wall Street thinks Stitzer can do it. In the first half of 2008, sales (unadjusted for currency) rose 14%, to $5.27 billion. Cadbury's clever drumming-gorilla ads helped too. Morgan Stanley said in a recent report that "unlike with many other consumer stocks, we expect Cadbury's earnings growth to accelerate." Says David Morris, food and beverage research director at Mintel International Group, a market-research company: "The spin-off is a smart move. Investors had felt these businesses weren't getting their appropriate valuations when they were combined." As stand-alones, they can also grow by attracting merger...
...Birmingham, England, opened a shop selling tea, coffee and chocolate), Cadbury has snapped up some impressive brands, including such names as Dr Pepper, 7Up, A&W, Canada Dry, Sunkist and Snapple, which came as part of its merger with Schweppes in 1969. On the candy side, it was Stitzer's 2003 acquisition of Adams, which included the Halls, Dentyne and Trident brands, that transformed Cadbury into the world's largest confectionery company...
...minor characters in “Bewitched” and “Bruce Almightly,” Carell has since earned recognition as an individual thanks to the success of “The 40 Year-Old Virgin” and his role as title hero Andy Stitzer...
...newly acquired fame: he can hardly finish a thought without apologizing for rambling, and responds to every expression of praise with an enthusiastic “Oh, thanks!” Though he claims to identify with the obliviousness of Brick Tamland, his mannerisms are more Stitzer-esque, as if Carell is no more experienced with a national audience than the lovable virgin is with the female anatomy...