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May 06, 2015 9:15 PM ET

Food Products

Company Overview of Nestlé Purina PetCare Company

Company Overview

Nestlé Purina PetCare Company engages in the manufacture and distribution of nutrition, health, and food products for cats and dogs worldwide. It offers dry dog food, wet dog food, dog treats, dog snacks, dog litter, dog training pads, wet cat food, dry cat food, cat treats, and cat litter. The company was formerly known as Ralston Purina Company. As a result of its acquisition by Nestlé S.A., Ralston Purina Company's name was changed. The company was founded in 1894 and is based in St. Louis, Missouri. As of December 12, 2001, Nestlé Purina PetCare Company operates as a subsidiary of Nestlé Holdings, Inc.

Checkerboard Square

St. Louis, MO 63164

United States

Founded in 1894

Phone:

314-982-1000

Fax:

314-982-2134

Key Executives for Nestlé Purina PetCare Company

Chief Executive Officer
Founder
Age: 87
Chief Financial Officer, Vice President and Treasurer
Age: 70
President - Golden Products Division and executive officer
Age: 62
Vice President and General Counsel
Age: 72
Compensation as of Fiscal Year 2014.

Nestlé Purina PetCare Company Key Developments

Lawsuit Against Nestlé Purina Petcare Co. Alleges that its Beneful Brand Dog Food Contains Toxins

A lawsuit against Nestlé Purina PetCare Co. alleged its Beneful brand dog food contains toxins that are harmful to dogs and can cause their death. Frank Lucido, who filed the lawsuit Feb. 5, in U.S. District Court in the Northern District of California, claims in the suit that Beneful contains substances that are toxic to animals and that have resulted in the serious illness and death of thousands of dogs, including one of Lucido's dogs. Lucido claims in the lawsuit that the dogs' illnesses and deaths were caused by substances in Beneful that are toxic to dogs. The lawsuit also alleges that Beneful dog food includes mycotoxins, a group of toxins produced by fungus that occurs in grains, which are a principle ingredient in Beneful.

Nestle Purina PetCare Announces Management Changes

Nestle Purina PetCare announced that effective January 1, 2015, W. Patrick McGinnis will transition from his position as Chief Executive Officer, Nestle Purina PetCare for the Americas, and will be appointed as Non-Executive Chairman. Succeeding McGinnis as CEO will be Joseph R. Sivewright, currently President, Nestle Purina PetCare North America. McGinnis' career at Purina has spanned more than 42 years. He joined Ralston Purina in the Corporate Management Training Program and was promoted through a range of marketing assignments, becoming Head of Marketing. He was appointed VP of Grocery Products for Canada, then CEO of Grocery Products North America and finally President and CEO of Ralston Purina in 1999. Under McGinnis' leadership, the company transformed itself to an industry leader known for best practices in Marketing, Supply Chain, Sales, R&D and other disciplines. During the 2001 acquisition of Ralston Purina by Swiss-based Nestle S.A., he played an instrumental role in integrating the two organizations. All of the initial targets set in terms of efficiency were met and exceeded, making the acquisition one of the most successful in the history of Nestle.

A Group of Consumers, Waggin' Train, LLC and Nestle Purina PetCare Company Reach Nationwide Class Settlement

A nationwide class settlement was reached on May 30, 2014 between a group of consumers and Waggin' Train, LLC and Nestle Purina PetCare Company. If given Court approval, the agreement would resolve disputed claims related to Waggin' Train and Canyon Creek Ranch dog treats made in China. The settlement creates a settlement fund of $6,500,000, and establishes procedures that would permit consumers to submit claims for monetary relief. The agreement also requires Nestle Purina to undertake enhanced quality assurance measures and modify certain language on its packaging. This agreement is subject to the approval of the U.S. District Court for the Northern District of Illinois, and a final fairness hearing to be scheduled by the Court. Consumers will be given notice of the settlement, and the date of the final hearing, after the Court approves the notice plan proposed by the parties. Nestle Purina PetCare Company and Waggin' Train, LLC, are represented by Hogan Lovells US LLP and Novack and Macey LLP.

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