Kellogg Co. said Friday that Fareed Khan will join the company on Feb. 17 as chief financial officer, succeeding Ron Dissinger, who will stay with the company in 2017 to help with the transition.
Khan will be named CFO and Principal Financial Officer the day after the company’s 10-K is filed. Dissinger announced his retirement in May 2016.
Khan joins from U.S. Foods Holding Corp. where he was CFO from 2013 and aided with the company’s IPO. Kellogg shares are unchanged in premarket trading, and up 1.4% for the past year. The S&P 500 index is up 20.1% for the last 12 months.
By Tonya Garcia
Free-from is becoming much more mainstream, moving beyond food allergens and intolerances. While it’s still vital to innovate products for lactose intolerance, gluten allergies and so forth, the umbrella term of free-from has taken on many different meanings.
Arla Foods Ingredients (AFI) is targeting infant formula, sports nutrition and medical nutrition with its new patented milk fractionation technology that separates milk proteins from whey, bypassing the need to make cheese. The Denmark-based company says this move enables scientists, nutritionists and health professionals to create “next-generation” dairy products.
Located in Ma’anshan, Anhui province, the facility has the potential to produce an estimated 150 million litres of oat-based products annually at full capacity. The opening comes just a few months after Oatly – which claims to have established a new Chinese character for ‘plant-based milk’ – inaugurated its first Asian factory in Singapore.