BNET Industries

Market Cap:$1.8B
Last Fiscal Year Sales:$3.7B
  • Public
  • US
Dow Jones Description

Del Monte Foods is one of the country's largest and most well-known producers, distributors and marketers of premium quality, branded food and pet products for the U.S. retail market, generating approximately $3.2 billion in net sales in fiscal 2008. With a powerful portfolio of brands including Del Monte®, S&W®, Contadina®, College Inn®, Meow Mix®, Kibbles 'n Bits®, 9Lives®, Milk-Bone®, Pup-Peroni®, Meaty Bone®, Snausages® and Pounce®, Del Monte products are found in eight out of ten U.S. households. The Company also produces, distributes and markets private label food and pet products. (NYSE: DLM)

President & Chief Executive OfficerRichard G. Wolford
Number of Employees 8,600
Contact Information

One Market @ The Landmark

San Francisco, California 94105

www.delmonte.co...

415-247-3000

NAICS Code Fruit and Vegetable Canning: 311421

Recent Events

  • Realty Income: A Hidden Gem

    6/22/09 - Stock Split / Dividend - View Story

  • Analysts' Upgrades, Downgrades: KB Home

    6/15/09 - Bond / Stock Rating - View Story

  • Del Monte Foods Inc. Reports 20.7 Percent Gain In Quarterly Net Sales

    6/13/09 - Financial Announcement - View Story

  • Growing list of 'superfruits' pack a nutritional wallop

    6/10/09 - Product Announcement - View Story

  • Daniel Craig: Frozen, not stirred

    6/02/09 - Product Announcement - View Story

  • Fruit Chillers: Healthy popsicles to delight kids and parents

    5/25/09 - Product Announcement - View Story

  • Del Monte SuperFruit

    5/13/09 - Product Announcement - View Story

  • Fuller Industries is Awarded a Contract by Del Monte Foods to Furnish Plant Wide HMI...

    5/01/09 - Joint Venture / Alliance - View Story

  • NIAGARA FALLS: Missing planters plague PABA

    4/03/09 - Lawsuit Filed - View Story

  • Del Monte Foods Has Profitable Third Quarter

    2/28/09 - Financial Announcement - View Story

News & Analysis

del monte foods co. - All News and Analysis

Decision Makers

Name (plus bio) Position
Richard G. Wolford President & Chief Executive Officer
David L. Meyers Executive Vice President, Administration and Chief Financial Officer
Nils Lommerin Chief Operating Officer
Richard W. Muto Senior Vice President and Chief Human Resources Officer
William D. Pearce Chief Marketing Officer & Senior Vice President
William J. Spain Senior Vice President and Chief Corporate Affairs Officer
Tim A. Cole Executive Vice President, Sales
David L. Withycombe Senior Vice President, Western Region
Donald J. Binotto Senior Vice President, Operations
Irvin R. Holmes Senior Vice President, Customer Marketing, Sales Development
Marc Haberman Senior Vice President, Marketing
Marvin A. Berg Senior Vice President, Eastern Region
Richard L. French Senior Vice President
Robert P. Magrann Senior Vice President, Sales
Rojean Dechantal Senior Vice President, Human Resouces
Steven C. Morelli Senior Vice President, Strategic Planning & IT
Jennifer D. Garrison Vice President, Investor Relations & Corporate Communications
Josie Welling Vice President, Marketing
Matthew Park Vice President, Marketing
Rodolfo Spielmann Vice President Marketing
David W. Allen Senior Vice President, Operations & Supply Chain
James G. Potter Senior Vice President, General Counsel and Secretary

Board of Directors

Name (plus bio) Position
David R. Williams Board of Directors
Joe L. Morgan Board of Directors
Mary R. Henderson Board of Directors
Samuel H. Armacost Board of Directors
Sharon L. McCollam Board of Directors
Terence D. Martin Board of Directors
Timothy G. Bruer Board of Directors
Victor L. Lund Board of Directors

Mr. Wolford joined Del Monte as Chief Executive Officer and a director in April 1997. He was elected President of Del Monte in February 1998 and was elected Chairman of the Board in May 2000. From 1967 to 1987, he held a variety of positions at Dole Foods, including President of Dole Packaged Foods from 1982 to 1987. From 1988 to 1996, he was Chief Executive Officer of HK Acquisition Corp. where he developed food industry investments with venture capital investors. Mr. Wolford also currently serves on the board of directors of Pulte Homes, Inc.

Organization Position Status
Del Monte Foods Co. President & Chief Executive Officer Current
Dole Packaged Foods President Current
Del Monte Foods Co. Chairman Current
Pulte Homes, Inc. Board of Directors Current

Mr. Meyers joined Del Monte in 1989. He was elected Chief Financial Officer of Del Monte in December 1992 and served as a member of the Board of Directors of Del Monte Foods Company from January 1994 until consummation of Del Monte's recapitalization in 1997. Prior to joining Del Monte, Mr. Meyers held a variety of financial and accounting positions with RJR Nabisco (1987 to 1989), Nabisco Brands USA (1983 to 1987) and Standard Brands, Inc. (1973 to 1983).

Organization Position Status
Del Monte Foods Co. Executive Vice President, Administration and Chief Financial Officer Current
Smart & Final, Inc. Board of Directors Current
Smart & Final, Inc. Chief Financial Officer Former
Smart & Final, Inc. Vice President of Finance Former
Kraft Foods Inc. Former

Mr. Lommerin was appointed Chief Operating Officer in January 2008. He joined Del Monte in March 2003 as Executive Vice President, Human Resources and was appointed Executive Vice President, Operations in July 2004. From March 1999 to July 2002, he was with Oxford Health Plans, Inc., where he most recently served as Executive Vice President, Operations and Corporate Services. From November 1991 to February 1999, Mr. Lommerin held a variety of senior Human Resources positions with PepsiCo, Inc.

Organization Position Status
Del Monte Foods Co. Chief Operating Officer Current
Oxford Health Plans Executive Vice President, Operations and Corporate Services Former
PepsiCo, Inc. Senior Human Resources Positions Former

Mr. Muto joined Del Monte in 1974 and was elected to his current position in June 2008. Mr. Muto was Vice President, Human Resources from June 2007 to June 2008 and Vice President, Human Resources, U.S. and International Operations of Del Monte from December 1992 through June 2007. Prior to December 1992, he held a variety of positions within Del Monte’s human resources organization and, from 1986 to 1989, RJR Nabisco.

Organization Position Status
Del Monte Foods Co. Senior Vice President and Chief Human Resources Officer Current

William D. Pearce, Senior Vice President, Chief Marketing Officer. Mr. Pearce joined Del Monte as Senior Vice President, Chief Marketing Officer in May 2008. From March 2007 to May 2008, he was Chief Executive Officer of Foresight Medical Technologies, a medical device start up in the Emergent medical field. Prior to that, he was with Taco Bell Corporation, where he served as Chief Marketing Officer from December 2005 to February 2007 and Vice President, Marketing from October 2004 to December 2005. From August 2003 to September 2004, he was Vice President, Marketing of Campbell Soup Company. From June 1992 to August 2003, Mr. Pearce held a variety of marketing positions with Proctor & Gamble Company.

Organization Position Status
Del Monte Foods Co. Chief Marketing Officer & Senior Vice President Current
Taco Bell Corp Chief Marketing Officer Former
Organization Position Status
Del Monte Foods Co. Senior Vice President and Chief Corporate Affairs Officer Current

Mr. Cole joined Del Monte in September 2004. From 1979 to September 2004, Mr. Cole held a variety of positions with The Quaker Oats Company, now a unit of PepsiCo, Inc., where he became Vice President of National Accounts for the United States.

Organization Position Status
Del Monte Foods Co. Executive Vice President, Sales Current
Quaker Oats Company Vice President, National Accounts, United States Former
PepsiCo, Inc. Vice President of National Accounts Former
Organization Position Status
Del Monte Foods Co. Senior Vice President, Western Region Current
Organization Position Status
Del Monte Foods Co. Senior Vice President, Operations Current
Star-Kist Foods Inc. President & Managing Director Former
Organization Position Status
Del Monte Foods Co. Senior Vice President, Customer Marketing, Sales Development Current
Organization Position Status
Del Monte Foods Co. Senior Vice President, Marketing Current
Organization Position Status
Del Monte Foods Co. Senior Vice President, Eastern Region Current
Organization Position Status
Del Monte Foods Co. Senior Vice President Current
Del Monte Foods Co. Chief Accounting Officer, Treasurer & Controller Current
Organization Position Status
Del Monte Foods Co. Senior Vice President, Sales Current
Organization Position Status
Del Monte Foods Co. Senior Vice President, Human Resouces Current
Organization Position Status
Del Monte Foods Co. Senior Vice President, Strategic Planning & IT Current
Star-Kist Foods Inc. Cfo Former
Organization Position Status
Del Monte Foods Co. Vice President, Investor Relations & Corporate Communications Current
Organization Position Status
Del Monte Foods Co. Vice President, Marketing Current
Organization Position Status
Del Monte Foods Co. Vice President, Marketing Current
Organization Position Status
Del Monte Foods Co. Vice President Marketing Current

Mr. Allen was appointed Senior Vice President, Operations and Supply Chain in June 2008. He joined Del Monte in June 2006 as Senior Vice President, Supply Chain Operations, having served as a consultant to Del Monte beginning in November 2005. Prior to that, Mr. Allen was Chief Operating Officer of U.S. Foodservice, a division of Royal Ahold, from 2004 to 2005 and Chief Executive Officer of WorldChain, Inc., a supply chain services company, from 2001 to 2004. He served as Vice President, Worldwide Operations of Dell Inc. from 1999 to 2000. From 1991 to 1999, Mr. Allen held a variety of positions at Frito-Lay North America, a division of PepsiCo, Inc., most recently as its Senior Vice President, Operations. Mr. Allen also serves on the board of directors of American Italian Pasta Company.

Organization Position Status
Del Monte Foods Co. Senior Vice President, Operations & Supply Chain Current

Mr. Potter joined Del Monte in October 2001 and was elected to his current position in September 2002. From December 1997 to December 2000, he was Executive Vice President, General Counsel and Secretary of Provident Mutual Life Insurance Company. From 1989 to November 1997, Mr. Potter was the Chief Legal Officer of The Prudential Bank and Trust Company and The Prudential Savings Bank, subsidiaries of The Prudential Insurance Company of America.

Organization Position Status
Del Monte Foods Co. Senior Vice President, General Counsel and Secretary Current
Prudential Savings Bank Chief Legal Officer Former
Prudential Bank & Trust Chief Legal Officer Former
Provident Mutual Life Insurance Company Executive Vice President Former
Prudential Savings Bank Officer Former
Provident Mutual Life Insurance Company General Counsel Former
Provident Mutual Life Insurance Company Secretary Former

Mr. Williams became a director of Del Monte in December 2002 and was Executive Vice President of H.J. Heinz Company from July 2002 to September 2002. Prior to such time, he was Heinz's Executive Vice President and President and Chief Executive Officer-Heinz Europe, Middle East, Africa and India, from August 2000 to July 2002 and Executive Vice President-Asia from June 1996 to August 2000. Mr. Williams, a former director of Heinz, retired from the Heinz Board of Directors in September 2002. In March 2006, Mr. Williams became Executive Chairman of MW Brands SAS, a privately-held French company in the seafood business, and in September 2005 became Chairman of Bapco Closures Ltd., a privately-held U.K. company in the innovative packaging business. Mr. Williams also serves on the board of KCRS Inc. and on the European Mergers and Acquisitions Advisory Board of Lehman Brothers.

Organization Position Status
Del Monte Foods Co. Board of Directors Current
H.J. Heinz Company Executive Vice President Former
Bapco Closures Ltd. Chairman Former

Mr. Morgan became a director of Del Monte in December 2002. Mr. Morgan has been a baseball broadcaster and analyst for ABC, NBC and ESPN since 1985. From 1987 to 1998, he was President and Chief Executive Officer of Joe Morgan Beverage Company. Mr. Morgan was an Owner-Operator of three Wendy's franchises from 1985 to 1988. In 1963, Mr. Morgan began his professional baseball career which culminated in his election to the Baseball Hall of Fame in 1990, five years after his retirement as a player.

Organization Position Status
Del Monte Foods Co. Board of Directors Current
I&I Foods Inc. Owner, Operator Former

Ms. Henderson became a director of Del Monte in December 2002. Ms. Henderson serves as an independent consultant to the consumer and packaged goods industries. She was Corporate Vice President, Global Core Business Development for Bestfoods, Inc. from 1999 until December 2000. Ms. Henderson previously served as President of Bestfoods Grocery from 1997 to 1999, and President of Bestfoods Specialty Markets from 1993 to 1997. She also serves as a director of Royal Dutch Shell plc, AXA Financials, Inc. and Pactiv Corporation.

Organization Position Status
Pactiv Corporation Director Current
Del Monte Foods Co. Board of Directors Current
Best Foods Corporate Vice President, Global Core Business Development Former
The Shell Transport & Trading Co. Ltd. Director Former
Organization Position Status
Chevrontexaco and Partners Chairman of Sri International Current
SRI International Chairman Current
Franklin Resources, Inc. Chairman of the Board, Sri International (Independent Nonprofit Technology Research) Current
Unocal Corporation B.V. Chairman of Sri International Current
Callaway Golf Company Board of Directors Current
Exponent, Inc. Board of Directors Current
Chevron Corp. Board of Directors Current
Del Monte Foods Co. Board of Directors Current
Augusta National Golf Club Member Current
BankAmerica Corporation Chief Executive Officer Former
BankAmerica Corporation President Former
BankAmerica Corporation Chief Financial Officer Former
Merrill Lynch & Co., Inc. Managing Director Former
SRI International Board of Directors Former
Franklin Resources, Inc. Board of Directors Former
Unocal Corporation B.V. Director Former
BankAmerica Corporation Director Former
Stanford University MBA Former
Denison University M.B.A. Former

Ms. McCollam became a director of Del Monte in December 2007. Ms. McCollam has served as Executive Vice President, Chief Operating and Chief Financial Officer of Williams-Sonoma, Inc., a specialty retailer of home furnishings, since July 2006. She has been employed by Williams-Sonoma, Inc. since March 2000, where she also served as Executive Vice President and Chief Financial Officer from May 2003 to July 2006, Senior Vice President and Chief Financial Officer from October 2000 to May 2003, and Vice President, Finance from March 2000 to October 2000. From 1993 to 2000, Ms. McCollam held a variety of positions at Dole Foods, including Vice President and Chief Financial Officer, Dole Fresh Vegetables Division from 1996 to 2000.

Organization Position Status
Williams-Sonoma, Inc. Chief Financial Officer Current
Williams-Sonoma, Inc. Executive Vice President Current
Williams-Sonoma, Inc. Vice President of Finance Current
Del Monte Foods Co. Board of Directors Current
Dole Food Company, Inc. Chief Financial Officer Former
Dole Food Company, Inc. Divisional Vice President Former
Young Corporation Former
University of Central Oklahoma B.S. In Accounting Former

Mr. Martin became a director of Del Monte in December 2002. Mr. Martin was Senior Vice President and Chief Financial Officer of the Quaker Oats Company from 1998 to 2001. From 1995 to 1998, he was Executive Vice President and Chief Financial Officer of General Signal Corporation. Mr. Martin was Chief Financial Officer and Member of the Executive Committee of American Cyanamid Company from 1991 to 1995, and served as Treasurer from 1988 to 1991.

Organization Position Status
Del Monte Foods Co. Board of Directors Current
Dr Pepper Snapple Group, Inc. Board of Directors Current
American Cyanamid Company Chief Financial Officer Former
General Signal Corporation Chief Financial Officer Former
Quaker Oats Company Chief Financial Officer Former
General Signal Corporation Executive Vice President Former
Quaker Oats Company Senior Vice President Former
American Cyanamid Company Treasurer Former
American Cyanamid Company Member Former

Mr. Bruer became a director of Del Monte in August 1997. Mr. Bruer has served as Chief Executive Officer of Genisoy Food Co. Inc., a provider of soy protein products and sports nutrition, since April 2005. Mr. Bruer was Chief Executive Officer of Shadewell Grove Foods, Inc., a marketer and distributor of premium cookies, until June 2007. Shadewell Grove Foods, Inc. was the successor company to Nonni’s Food Co., Inc., where he had served as Chief Executive Officer since December 1998. Mr. Bruer was President and Chief Executive Officer and a director of Silverado Foods, Inc. from April 1997 to December 1998. From 1992 until 1997, he was Vice President and General Manager of the Culinary Division of Nestle. Prior to that, he was a partner with Bain & Co.

Organization Position Status
Del Monte Foods Co. Board of Directors Current
Genisoy Food Company, Inc. Chief Executive Officer Former
Nonni's Food Company Inc. Chief Executive Officer Former
Bainco Partner Former
Authentic Specialty Foods, Inc. Director Former

Mr. Lund was Vice Chairman of Albertson's, Inc. from June 1999 until June 2002. He served as Chairman of the Board of American Stores Company ($20 billion retailer – Jewel, Lucky, Osco, Savon, SAB, Acme) from June 1995 until its acquisition by Albertson's in June 1999, and as Chief Executive Officer of American Stores Company from August 1992 until June 1999. Mr. Lund is a director of Borders Group Inc., Del Monte Foods, Delta Air Lines, NCR Corporation, and Service Corporation International. Mr. Lund is the Chair of the Nominating and Governance Committee and a member of the Compensation Committee.

Organization Position Status
Demandtec, Inc. Non-Executive Chairman of the Board Current
Seecommerce Non-Executive Chairman of the Board of Demandtec, Inc. Current
Sci Management Corp. Chair Current
Sci Management Corp. Director Current
Del Monte Foods Co. Board of Directors Current
Teradata Education Network Board of Directors Current
Marcom Central Board of Directors Current
Service Corporation International Board of Directors Current
NCR Corporation Board of Directors Current
Delta Air Lines, Inc. Board of Directors Current
American Stores Company Chief Executive Officer Former
American Stores Company President Former
American Stores Company Chairman of the Board Former
Marinerhealthcare.Com Non-Executive Chairman of the Board Former
Albert & Son Ltd. Vice Chairman Former
Albertson's, Inc. Vice-Chairman Former
Borders Group, Inc. Director Former
Borders Group, Inc. Board of Directors Former
University of Utah M.B.A. Former
University of Utah B.A. In Accounting Former

Executive News

  • ClubCorp Sponsors 2009 w2wlink Ascendancy Awards

    Reuters - 6/23/09 - View Story

  • ClubCorp Sponsors 2009 w2wlink Ascendancy Awards

    PR Newswire - 6/23/09 - View Story

  • Williams-Sonoma, Inc. Declares Quarterly Cash Dividend

    Reuters - 6/22/09 - View Story

  • Williams-Sonoma, Inc. Declares Quarterly Cash Dividend

    TradingMarkets - 6/22/09 - View Story

  • Del Monte Foods Company Increases Quarterly Dividend 25% to $0.05 Per Share

    Business Wire - 6/19/09 - View Story

  • Del Monte boosts dividend 25%

    San Francisco Business Times - 6/19/09 - View Story

  • Williams-Sonoma Q1 Earnings Call Transcript

    123Jump - 6/17/09 - View Story

  • Del Monte Foods Inc. Reports 20.7 Percent Gain In Quarterly Net Sales

    AMonline.com - 6/13/09 - View Story

  • Williams-Sonoma Still Seeking Rent Reductions

    City Feet - 6/12/09 - View Story

  • Del Monte posts strong profit, shares rise

    CNN Money - 6/11/09 - View Story

  • Del Monte Continues Strong Performance

    Media Post - 6/11/09 - View Story

  • 3 Stock Picks: UNH, DLM, LULU

    Smart Money - 6/11/09 - View Story

  • Del Monte Foods Q4 Profit Rises - Update

    RTTNews.com - 6/11/09 - View Story

  • Del Monte Foods Company Reports Fiscal 2009 Fourth Quarter and Full Year Results

    Business Wire - 6/11/09 - View Story

  • Del Monte Rides Higher Prices

    The Wall Street Journal Interactive Edition - 6/11/09 - View Story

  • Pulte Homes Considers Vote in 2010 on Declassification of Board and Rights Plan

    RTTNews.com - 6/02/09 - View Story

  • Del Monte CMO: Spend During Downturn -- or Else

    Advertising Age - 6/02/09 - View Story

  • Pulte Considers Vote in 2010 on Declassification of Board and Rights Plan

    TradingMarkets - 6/02/09 - View Story

  • Pulte Considers Vote in 2010 on Declassification of Board and Rights Plan

    Business Wire - 6/02/09 - View Story

  • Exponent Announces Executive Transition

    NewsBlaze - 5/28/09 - View Story

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     DLM $25.06 +15.46 (161.04% )
Average Volume 1,659,990
Shares Outstanding 197.74M
Market Cap 5.0B
Year High 29.98
Year Low 5.06
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
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