Economy

Kellogg CEO Bryant to retire; vitamin executive Cahillane named as replacement

Kellogg CEO Bryant to retire; vitamin executive Cahillane named as replacement”

Kellogg announced today (28 September) the appointment of former Coca-Cola and Anheuser-Busch InBev executive Steven Cahillane as its new CEO to replace John Bryant who is to retire.

The Kellogg CEO will be officially retiring from the company on October 2, 2017. Cahillane most recently served as the President and CEO of The Nature's Bounty Co. Following this, he will remain as the Executive Chairman of the Board of Directors until March 15, 2018. His tenure with that company included working as CEO for the company's lnterbrew United Kingdom and Labatt USA subsidiaries.

The Battle Creek-based company says that CEO John A. Bryant has made a decision to retire, effective October 2nd.

The new CEO will also join the board of directors on 2 October.

"Today, it's my pleasure on behalf of the Kellogg Board to welcome Steve", the current Kellogg CEO said in a statement.

Steven Cahillane, 52, will start his new role Monday.

The food giant, like most of its peers (General Mills), has seen lower sales, especially in North America, as consumers' demand for packaged foods is leading to lower volumes. This includes acting as the CEO of Nature's Bounty since 2014.

According to information provided by Kellogg, Cahillane previously spent eight years with AB lnBev, the world's largest brewing company, in various senior leadership roles including chief commercial officer, in which he led commercial strategy, global marketing, sponsorships, innovation and research following the 2004 merger of lnterbrew and AmBev.

As of this writing, William White did not hold a position in any of the aforementioned securities.



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