Dean Foods Company has announced that Jody Macedonio will be appointed as the company’s new chief financial officer and executive vice-president, effective from 26 February.
Macedonio will join the company from Henkel AG, where she acted as the senior vice-president of finance for the North America Laundry and Beauty Divisions of the company.
In her most recent role, Macedonio served as the chief financial officer and vice-president, finance for the North Business Unit of PepsiCo’s Frito-Lay. She also has previous finance experience at Nestlé, SmithKline Beecham and Chemical Bank.
Macedonio said: “I am very excited to join Dean Foods. I believe the potential to drive growth through value creation is excellent given the strength of both the private label and brand portfolios, which will also benefit from the cost productivity agenda already underway.
“I look forward to partnering with the team to build the business, and to be part of the next phase of the journey.”
Ralph Scozzafava, the chief executive officer of Dean Foods added: “We are very excited to have an executive of Jody’s calibre join our management team.
“With deep financial and operating experience in food and consumer packaged goods – including proven success in driving significant financial improvement and sustainable business performance – Jody will contribute immediately to Dean Foods,”
“Her expertise will be instrumental in our continued focus on winning in private label, building and buying strong brands, and driving our cost productivity agenda.”
Carlsberg has announced the departure of its chief financial officer (CFO), Heine Dalsgaard, after six years in the position. In a statement, Carlsberg said that Dalsgaard was resigning from the post to take up the role of CFO at a private equity-backed company in a different industry.
Kellogg will split into three independent companies to focus on the snack business, Reuters reported Tuesday. The snacking portfolio will comprise the main business, while the North America cereal unit and the plant-based business will be spun off. The company is also considering a sale of the plant-based business.
The snacks giant says the acquisition will help build on its commitment to “lead the future of snacking” in key geographies worldwide. Once the transaction is completed, Mondelēz will continue to operate the Clif Bar business from its headquarters in Emeryville, California. The snack giant will also continue to manufacture Clif Bars’ products, which include Clif Bar, Luna and Clif Kid, at its facilities in Idaho and Indiana.