Foods featuring the term must contain meaningful amounts of food groups or subgroups under the proposal.

Company is responding rapidly to changing consumer trends.

Alan Jope to retire at the end of 2023.

More people seeking value and eating at home benefited the company.

Company also is speeding up beverage and food prep to serve more customers.

Total company CapEx costs to remain high as supply constraints are alleviated. 

Foodservice currently makes up between 13% and 15% of company sales.

Company also creating ‘transformation office’ to review strategies, improve efficiencies and drive growth.

Direct-to-consumer platform has big plans for consumers wanting to make a change.

Laxman Narasimhan will take over in April 2023.