Sector News

Raisio appoints Leena Niemistö as board chair following Arto Tiitinen’s resignation

November 14, 2026
Consumer Packaged Goods

Finnish food company Raisio has appointed Leena Niemistö as chair of its board of directors after Arto Tiitinen resigned from the position with immediate effect for personal reasons.

Niemistö, who has been a member of Raisio’s board since 2017, was elected by the board on 6 November 2026. She will serve as chair until the company’s next Annual General Meeting, scheduled for 20 April 2027 in Turku, Finland.

Antti Elevuori will continue as vice chairman of the board.

Niemistö thanked Tiitinen for his contribution to the company, saying: “I would like to warmly thank Arto Tiitinen for his long work on Raisio’s board of directors for the company’s success”.

The board also made changes to its People Committee, appointing Niemistö as chair and Patrik Lundell as a new member. The committee now comprises Niemistö, Reija Airas and Lundell.

The composition of the Audit Committee remains unchanged, with Elevuori continuing as chair alongside Satu Ahomäki and Pekka Tennilä.

In addition, Raisio, the owner of the Benecol brand, has dissolved its separate M&A Committee, transferring its responsibilities to the full board of directors.

Source: foodbev.com

comments closed

Related News

November 14, 2026

PepsiCo reportedly cutting around 1000 jobs in North America restructuring

Consumer Packaged Goods

According to multiple reports, PepsiCo is set to cut a significant number of jobs across its North America business amid a restructuring initiative. Reporting from Reuters said the job cuts were mentioned in a letter to employees from PepsiCo North America’s CEO, Ram Krishnan, seen by reporters 9 November 2026.

November 14, 2026

General Mills restructures food operations as it targets growth and innovation

Consumer Packaged Goods

General Mills is consolidating four business segments into three to accelerate growth and improve operational efficiency. The restructuring follows declining sales and coincides with a broader cost-saving program targeting US$3 billion by fiscal 2030. Protein, fiber, bold flavors, and indulgence are key innovation priorities as General Mills adapts to changing consumer demand.

November 8, 2026

Kraft Heinz agrees US$650M coffee divestiture to prioritize growth and innovation

Consumer Packaged Goods

Kraft Heinz has agreed to divest its North America coffee business but retain a 30% stake. The deal includes seven brands and two manufacturing facilities, with closing expected in mid-2027. One Rock plans to increase investment in the coffee portfolio, while Kraft Heinz intends to use net cash proceeds to reduce debt.

How can we help you?

We're easy to reach