Sector News

Iglo Austria veteran leaves

November 28, 2014
Consumer Packaged Goods
Rainer Herrmann has left Iglo Group, where he worked for two decades and finished as managing director of the company’s Austrian business.
 
Felix Frohner, who has worked for consumer goods giant Procter & Gamble for 15 years, will take over, reports Opinion Leaders Network.
 
“It was 20 really exciting years, starting with
 Austria joining the EU, various internal
developments under Unilever, the sale of the frozen division, the consequently spin-off of Iglo Austria GmbH in November 2006 and the subsequent new dynamics under new owners,” Herrmann said.
 
On Thursday, Iglo reported a €9.9 million one-off charge in its Q3 report, in which the frozen food producer also revealed a pullback from three small markets.
 
The UK-based company, which grew Q3 sales in spite of a decline in the frozen market in Europe, cited restructuring costs in operations across the group, principally in its German factories, for the charge.
 
“This is part of an on-going program to create further operational efficiencies,” said Iglo, which produces frozen fish products and vegetables in Germany. The company has been centralizing its buying team in the UK, with two experienced seafood buyers based in Germany recently leaving as a result.
 
Iglo declined to comment further on the specific reasons for the one-off.
 

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