Matti Rihko has resigned from his position as Raisio plc’s CEO on 3 January 2017.
Rihko and Raisio plc’s Board of Directors have agreed that Rihko may renounce his position with immediate effect. Rihko has acted as Raisio plc’s CEO from November 2006. The Board of Directors will begin immediately the search process for a new CEO.
The Board of Directors has appointed Jarmo Puputti, M. Sc. (Eng.), MBA, as Raisio plc’s interim CEO. In addition to his role as interim CEO, Puputti will continue his duties as Raisioagro’s Managing Director. Jarmo Puputti’s CV is available on Raisio’s website at www.raisio.com.
Matti Perkonoja, Chairman of the Board of Directors says, “The Board of Directors wants to thank Matti Rihko for his ten years’ term and his excellent work for Raisio’s renovation and internationalisation. Since 2006 Raisio shareholders have nearly tripled the value of their investment due to the share price increase and the nine years of increased dividends. We wish Matti Rihko the best of success in his future endeavours.”
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.