Kellogg Company's CEO Presents at 2014 CAGNY Presentation (Transcript)

Feb. 19, 2014 2:39 PM ETKellogg Company (K)
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Kellogg Company (NYSE:K) 2014 CAGNY Presentation February 19, 2014 8:00 AM ET

Executives

John Bryant - President and CEO

Michael Allen - President, U.S. Morning Foods

Ronald Dissinger - CFO

Analysts

Unidentified Analyst

Okay. So thank you for coming this morning, and I want to thank Kellogg for coming and presenting and also for sponsoring for today's breakfast. Here with me on the dais is John Bryant, CEO; Michael Allen, President of Morning Foods; and Ron Dissinger, CFO.

I would say the hard part of being a CEO at a 100-year company with a blue chip brand, is that it's hard to institute change. But under John's leadership, Kellogg is now moving in a new direction to prepare for the future. He has made snacks a bigger part of the portfolio, with the acquisition of Pringles, and he has initiated a major restructuring of the organization, with the initiation of Project K.

Here to tell us more about what's changing at Kellogg and what will stay the same, is John Bryant.

John Bryant

Good morning everyone. Hope you enjoyed breakfast this morning. If I could start by turning your attention to the forward-looking statements and then for this morning's discussion, I really have three agenda items, I am going to give you a sense of the overview and strategy of the company. And as obviously, we have Michael Allen here. Michael is our President of the U.S. Morning Foods business, which includes cereal, which I know is the topic of keen interest amongst investors. Michael has a track record of success, joining our Frozen Foods business, and holding senior roles, in both U.S. snacks, as well as, U.S. cereal and international cereal businesses, and is a long term Kellogg executive. And of course, you have Ron Dissinger, our CFO, to go through the financial model.

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