German dairy giant Unternehmensgruppe Theo Müller has appointed a new chief financial officer.
Frank Richter, 48, joins the yoghurt and milk firm from chemicals company Altana, where he previously held the position of finance and controlling since 2011. He replaces Henrik Bauwens, who joined Intersnack last summer.
In addition, Müller has also appointed a new chief operating officer, Werner Stegmüller, who joins from KSB, a producer of centrifugal pumps and valves.
Stegmüller takes over as COO from Ronald Kers, who had taken on the role alongside his current position as chief executive, following the departure of Rob Scholte from the company last year. Kers retains the role of chief executive.
Müller, which owns brands including Weihenstephan and Homann, as well as its eponymous brand, generates around €6.5 billion in sales annually.
Source: European Supermarket Magazine
The company expects to eliminate 1.2 billion tons carbon dioxide equivalent of methane emissions by the end of the decade. The company says that it already reduced its methane emissions by around 14% between 2018 and 2020.
The “first-of-its-kind” pilot project will develop and demonstrate an affordable modular bioprocessing system to produce biodegradable bioplastics from food waste diverted from landfills. The three-year grant will test the scalability and feasibility of the conversion on a national and global scale.
Arkeon is allying with specialty mineral giant ICL to support the scaling of its fermentation bioprocess that converts CO2 into the 20 proteinogenic essential amino acids needed in human nutrition. The process, hailed as carbon negative, is based on the use of archaea, a group of microorganisms that naturally feeds off the greenhouse gas.
