The A2 Milk Company has announced that its chief financial officer (CFO), Craig Louttit, will step down from his role, to be replaced by Race Strauss.
Louttit will remain with the New Zealand-based dairy as the deputy chief financial officer and will continue to play a senior and integral role within the company. His decision to step down from his position was based on spending more time with his family.
Strauss will commence his new role as CFO during the second half of the financial year, while Craig will remain in his current position until he joins the company.
Prior positions have provided Strauss with a strong packaged goods background, as well as relevant international experience, particularly in China and other Asian regions.
Strauss has previously held a variety of senior roles at Unilever, where he spent over 20 years, including senior finance and strategy roles in South East Asia and Australasia, and Unilever’s Global Mergers and Acquisition team based in the UK.
Most recently, Strauss held the position as CFO for Qantas Airlines, a division of the Qantas Group. Strauss also served as Jetstar’s CFO for five years during its high growth transformation.
During Craig’s period as CFO which commenced in April 2014, A2 Milk has grown to become dual listed in Australia in 2015 and has more recently moved into the ASX 100.
Managing director and CEO, Jayne Hrdlicka added: “Craig has been an outstanding member of our senior leadership team for many years and has been instrumental in the company achieving the results it has over recent years.
“Craig has been such a strong support for me and I am very pleased that we have been able to solve for Craig’s personal priorities while keeping him in a senior position in the business. I am also delighted that we have filled the CFO role with someone of Race Strauss’ calibre and experience as we continue our growth journey.”
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