Sector News

Saputo appoints North American COO to support growth strategy

March 7, 2019
Food & Drink

Saputo has appointed Carl Colizza as the new president and chief operating officer of its North American operations, in an effort to further support its growth strategy.

Colizza has been with the company since 1998, and most recently served as the president and chief operating officer of the company’s Canadian and Argentinian dairy divisions. He will assume his new position as of 1 April 2019.

As a result of this appointment, Frank Guido will replace Colizza as the president and chief operating officer of the company’s Canadian dairy division, also effective from 1 April 2019.

Guido has been with Saputo since 2015, and has held several senior management positions in operations and logistics at the company.

These management changes come just a few weeks after Saputo announced it had agreed to acquire UK-based Dairy Crest for approximately £975 million, as part of an effort to grow its international presence as part of its growth strategy.

As well as focusing on international growth, the company also made a number of investments over the course of 2018 to boost its North American operations. This included a $240 million investment to build a new dairy processing facility in Port-Coquitlam, Canada, and an agreement to acquire US cheese producer F&A Dairy Products in a deal worth approximately $85 million.

Saputo also launched a high-protein, ultra-filtered milk range in Canada at the end of 2018, in an effort to appeal to increasingly health-conscious consumers.

By Martin White

Source: FoodBev

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