| Business Summary | | H.J.
Heinz
Company
manufactures
and
markets
an
extensive
line
of
processed
food
products
throughout
the
world.
The
Company's
principal
products
include
ketchup,
condiments
and
sauces,
frozen
food,
pet
food,
soups,
beans
and
pasta
meals,
tuna
and
other
seafood
products,
infant
food
and
other
processed
food
products.
The
Company's
products
are
manufactured
and
packaged
and
sold
to
consumers,
and
foodservice
and
institutional
customers.
Many
products
are
prepared
from
recipes
developed
in
the
Company's
research
laboratories
and
experimental
kitchens.
Ingredients
are
selected,
washed,
trimmed,
inspected
and
passed
on
to
modern
factory
kitchens
where
they
are
processed,
after
which
the
finished
product
is
filled
automatically
into
containers
of
glass,
metal,
plastic,
paper
or
fiberboard
which
are
then
closed,
processed,
labeled
and
cased
for
market. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HNZ
and
its
subsidiaries
manufacture
and
market
an
extensive
line
of
processed
food
products
throughout
the
world,
including
ketchup
and
sauces/condiments,
pet
food,
baby
food,
frozen
potato
products
and
low
calorie
products.
For
the
fiscal
year
ended
5/2/01,
revenues
rose
less
than
1%
to
$9.43
billion.
Net
income
before
acct'g
change
and
applicable
to
Com.
fell
44%
to
$494.9
million.
Results
reflect
volume
increases
and
acquisitions,
offset
by
increased
implementation
costs
of
Operation
Excel. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| William Johnson, 51 Pres,
CEO | $3.1M | -- | A. G. Malcolm Ritchie, 46 Chairman
and CEO of United Biscuits in the U.K. | 1.2M | -- | David Williams, 57 Pres
and CEO, Heinz Europe, Director | 1.3M | $320K | Paul Renne, 57 Exec.
VP, CFO | 888K | -- | Richard Wamhoff, 54 Exec.
VP- Global Manufacturing/Supply Chain and Frozen Foods | 1.4M | -- | Dollar amounts are as of 3-May-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|