Mighty Leaf hires Pepsi exec, products debut in Peet's stores
Mighty Leaf Tea announced the appointment a former PepsiCo and Diageo executive Sheila Stanziale as chief executive officer. It's a major leadership change orchestrated by the new owners Peet's Coffee and Next World Group, a private investment firm, which purchased the tea company in August 2014. Having previously worked at Nabisco, General Mills, Kraft, PepsiCo, Diageo-Guinness and Hain-Celestial, she will oversee Mighty Leaf's global operations and report to its board of directors. In a similar tie-up to Starbucks and Teavana, the company also revealed that its hot, iced, and bagged teas would be available at all PeetÂ’s retail locations. Finally, Mighty Leaf announced the rollout of several new products in the coming months, including an extension of its teabag range.