Chobani has restructured its management team with chief marketing and commercial officer Peter McGuinness promoted to the position of president, effective immediately.
The US yogurt maker has also announced the departure of CFO Mick Beekhuizen, who will be replaced on an interim basis by current treasurer Michelle Brooks.
In addition to his current responsibilities, McGuinness will also oversee Chobani’s supply chain, manufacturing, sustainability, and research and development functions.
Chobani said it is continuing its efforts to shift towards a nimbler, team-centric way of organising – a model that was tested through the combination of the company’s sales, marketing and new product development functions under McGuinness in 2017.
“We created this company with people at the centre, and they are the reason for where we are today,” said Hamdi Ulukaya, founder and CEO of Chobani. “Peter has been an amazing member of that journey, and I’m honoured and happy to have him as president.
“Passion, intelligence and collaboration make us who we are, and I love seeing this talent rising up through the company, working side by side to build the future of Chobani. We continue to break down walls, collaborate more, and become closer as leaders, making a better food company for tomorrow.”
As a result of a series of new appointments, 50% of Chobani’s executive team will now be comprised of female leaders.
Earlier this month, the company opened a 71,000-square-foot Innovation & Community Centre at its Twin Falls, Idado, plant to boost the development of new products.
After eight years with Nestlé, François-Xavier Roger, executive vice president and chief financial officer (CFO), has decided to leave the company to pursue new professional challenges, making way for finance boss Anna Manz. Meanwhile, Unilever announced that Graeme Pitkethly, CFO, will retire by the end of May 2024, and the hunt is on for his successor.
International spirits company Bacardi Limited has announced the appointment of Alicia Enciso to its board of directors. Enciso joins with more than 30 years of experience with multinational Fortune 100 Companies in the food and beverage sector with roles as general manager, president, chief marketing officer and e-business officer.
According to Innova Market Insights, when it comes to beverages, consumers are willing to pay more for what they value most, despite rising inflation. Additionally, consumers want brands that respond to their core values and have the benefits they seek, such as sustainability and functional ingredients.