Arla Foods has announced that its CFO, Natalie Knight, will leave the company on 29 February 2020.
CEO Peder Tuborgh has confirmed that he is conducting a search process to find Natalie Knight’s successor, and that the timing of her move means that she will be in place to see the completion and reporting of Arla’s 2019 annual accounts.
Tuborgh commented: “I would like to recognise and thank Natalie for the contribution that she has made to the progress of Arla Foods over the last four years and for the support she has given to me and the rest of my Executive Management Team, during her time with us.”
The company has strengthened its balance sheet in the years since Knight joined, delivering strong cash flow and net working capital. According to Arla, this has enabled the multinational cooperative to invest in the global development of its brands and Arla Foods Ingredients business, as well as expand revenue in growth categories.
Key achievements for Natalie together with her EMT colleagues have been in the development and execution of the company’s Calcium programme, which aims to create significant savings and reinvest in its growth.
Knight has accepted the role of executive vice president, finance, at Dutch-Belgian retail group Ahold Delhaize.
She said: “It has been a privilege to be CFO of such a progressive and strong co-operative as Arla Foods and I am proud of the achievements that we have made over the last four years, particularly in our ability to continue to drive strong global branded growth, whilst simultaneously implementing our Calcium transformation programme.”
Other recent Arla news saw the cooperative continue its commitment to sustainability, with plans to develop a sustainable Nigerian dairy sector and to ditch use-by dates on milk in the UK to reduce food waste.
© FoodBev Media Ltd 2019