Emmi Group chief financial officer Jörg Riboni has notified the company that he will leave the milk processor to pursue a new career challenge.
Riboni, who was appointed to the role in 2013, has agreed to continue his duties until the end of April 2019 and gradually hand over to his successor.
In a statement, Emmi said: “The board of directors and group management wish to thank Jörg Riboni for his service and valuable contribution to Emmi. He has played a key role in shaping and driving forward the development and internationalisation of Emmi in the past five years.
“He has adapted the group’s financial management to the international expansion and built up a team of recognised specialists. His readiness to ensure a smooth handover of his duties to his successor highlights his loyalty and sense of responsibility towards the Emmi Group.”
Riboni, aged 60, has a degree in business studies, majoring in finance and accounting, from the University of St. Gallen, and is also a federally certified chartered accountant.
Last year Emmi acquired dessert manufacturer Italian Fresh Foods and bought a 40% stake in Brazilian dairy producer Laticínios Porto Alegre.
Earlier this year the company sold its 22% stake in yogurt brand Siggi’s as it aims to focus its US business on milk and cheese.
Cargill will appoint Brian Sikes as its president and chief executive officer on 1 January 2023. The soon-to-be CEO, currently holding the chief operating officer title, has worked at Cargill for 31 years. Dave MacLennan, who has served as Cargill’s CEO since 2013, will assume the role of executive chair of the company’s board of directors.
Comforting colors, feel-good flavors, and unique food and beverage experiences will resonate most with consumers in the new year, according to ADM’s latest Flavor and Color Outlook. ADM anticipates that 2023 will be the year of self-expression, and the company identified four trends that are sure to stand out.
Nestlé’s Nespresso brand will pilot home-compostable coffee capsules on the Nespresso Original system in France and Switzerland from spring 2023 before further launches in several other European countries within a year. The paper-based capsules are touted as a breakthrough in packaging technology after three years of R&D.