The latest food and beverage industry news and trend analysis

The appointment signals McDonald's intent to leverage cross-industry expertise as it continues to modernise its operational framework. Farley’s election brings the Board to a total of 12 members.

The restructuring fundamentally alters the company’s reporting lines, consolidating strategic oversight of key business units under functional leaders in Finance and Supply Chain rather than a traditional operations deputy.

Developed in partnership with Trilliant Food & Nutrition, LLC, a leading U.S. coffee manufacturer, the collection translates the chain's signature shop flavours—including fan favourites like Golden Eagle® and Annihilator®—into retail-ready formats.

This infrastructure investment comes as the company reports it is approaching $100 million in annual revenue, driven by surging demand from foodservice operators, manufacturers, and retailers for operationally efficient, plant-forward ingredients.

The move comes as the functional beverage sector prepares for a critical phase of regulatory maturation and mainstream retail adoption.

Turnbull will report directly to Zhiqiang Li, Director of the Yili Oceania business division. The appointment signals a strategic move to unify leadership across Yili's diverse New Zealand portfolio, which spans ingredients, consumer brands, and foodservice.

The deal underscores the continued private equity appetite for sustainable material assets, as investors look to capitalise on the regulatory and consumer shift away from plastics toward fibre-based solutions.

The appointment ends an extensive search process and signals Kroger's intent to double down on operational execution and omnichannel acceleration. Foran will also join the Company's Board of Directors.