Hannes Berger takes over as head of global operations.

Fast-food operator implemented an updated business strategy in May.

Company raises full-year outlook for fiscal 2023.

Oat milk processor has entered an agreement with a Canadian contract manufacturer.

Acquisition will allow company to expand into new categories.

Acquisition is part of Barilla’s effort to expand its US presence.

Upon completion, Ester Baiget, the current CEO of Novozymes, will assume leadership of the combined group.

Company plans to reduce expenses by approximately $50 million in 2023.

Focus is on SKU rationalization, better product formulations and improved packaging.

Liam Killeen has been tapped to lead Wells once the deal has been completed.