Raisio’s Board of Directors appointed Pekka Kuusniemi as President and CEO of the Group in June 2017 and he will assume his duties on 1 November 2017. Pekka Kuusniemi will join Raisio from the Oras Group where he served as President and CEO.
Pekka Kuusniemi says that his key tasks will be to promote profitable growth in line with the Group’s strategy in Finland and abroad, and to increase shareholder value. “I look forward to working at Raisio. I think the company has significant growth potential with its skilled professionals, strong balance sheet, well-known brands and ability to develop products meeting consumer trends.” Pekka Kuusniemi brings his international experience in leadership and in the development of business and brands to the company.
Jarmo Puputti, interim CEO from the beginning of January 2017, will end his employment at Raisio at the end of October 2017. “Pekka Kuusniemi will start at a good company that has the potential to grow into an internationally significant brand company. I want to thank all Raisio employees as well as our partners for good cooperation.”
Raisio’s Board of Directors would like to express their appreciation to Jarmo Puputti for his excellent work as Raisio’s interim CEO. “Under his leadership, Raisio renewed its strategy and continued with its focus on the company’s core operations. We wish Jarmo all the best in his future endeavours.”
Carlsberg has announced the departure of its chief financial officer (CFO), Heine Dalsgaard, after six years in the position. In a statement, Carlsberg said that Dalsgaard was resigning from the post to take up the role of CFO at a private equity-backed company in a different industry.
Kellogg will split into three independent companies to focus on the snack business, Reuters reported Tuesday. The snacking portfolio will comprise the main business, while the North America cereal unit and the plant-based business will be spun off. The company is also considering a sale of the plant-based business.
The snacks giant says the acquisition will help build on its commitment to “lead the future of snacking” in key geographies worldwide. Once the transaction is completed, Mondelēz will continue to operate the Clif Bar business from its headquarters in Emeryville, California. The snack giant will also continue to manufacture Clif Bars’ products, which include Clif Bar, Luna and Clif Kid, at its facilities in Idaho and Indiana.