[ad_1]
Kellogg recently unveiled executive picks for its upcoming North American cereal business from company veteran Gary Pilnick, who will lead the pack.
Pilnick is to become the CEO of North American Grain Company. Newly appointed chief financial officer Dave McInstray, another Kellogg stalwart, said the transition would be made official, which was expected to last. of 2023.
Kellogg announced the restructuring in June, one of three reincarnations along with the North American cereal company, Global Snacks Company and Plant Company.
Steve Cahillane, Kellogg’s chairman and CEO, will take on similar roles at the new global snack company. Announcing the appointment today (August 24), the North American cereal entity said: “Gary is a 22-year Kellogg veteran. His inspirational leadership style, deep knowledge of the business, and central role in defining the company’s successful strategy, make him a natural choice to lead the North American grain company.
Pilnik was Kellogg’s vice chairman of corporate development and chief legal officer and a key “architect” of the Deploy for Growth strategy launched in 2018 to improve sales.
North American Cereal carries brands including Special K, Froid Flakes and Fruit Loops. Delivers to the US, Canada and the Caribbean.
Kellogg, which announced its transformation project two months ago, said the move will “increase performance and value.” However, he indicated that the company may choose to divest its plant-based business, which includes the MorningStar Farms brand, following the split.
The plant-based arm and North American cereal business will represent 20% of Kellogg’s total group sales by 2021.
“The remarkable history of Kellogg’s Company began with cereal, and with more than a century of operational success, we are well positioned to embark on its next journey as a North American cereal company into a $2.4 billion business,” Pilnick said.
His team includes Sherry Brice-Williamson as Chief Supply Chain Officer and Doug Vandevelde as CGO. Bruce Brown will serve as Chief Customer Officer and Shannon Bible will fill the role of Chief Transformation Officer.
Kellogg released its first-half results earlier this month, doubling its full-year outlook for organic sales growth. Demand for snacks, noodles and breakfast cereals has outperformed expectations in the opening six months of the fiscal year.
Just Food Analysis: Kellogg’s Fanatic Playbook – A Risk Worth Taking?
[ad_2]
Source link