Arla Foods has promoted Torben Dahl Nyholm to the role of chief financial officer, effective immediately.
The appointment has been made following the departure of former CFO Natalie Knight in February earlier this year.
Upon his new role, Nyholm will be responsible for the company’s finance, legal and IT functions.
Currently, Nyholm heads the dairy cooperative’s performance management unit. In this role he has worked on Arla Foods’ long-term financial outlook and strategy, its calcium transformation programme, as well as the short-term delivery of financial results.
Nyholm joined Arla Foods in 2012, taking up the position of business controller in group finance. Prior to this, he worked for several years in the M&A advisory industry.
“I am excited, but at the same time humble about stepping into the role as CFO for Arla Foods – a great company where I have been fortunate to work for the last eight years,” said Nyholm.
He continued: “I look forward to working with my great colleagues in our collective endeavour to continue to grow Arla Foods and create value for our farmer owners, by bringing loved brands and great products to our consumers around the world.”
Commenting on the appointment, CEO Peder Tuborgh, said: “I am delighted to appoint Torben as our CFO and welcome him to my executive management team (EMT).
“He is an outstanding young leader who has already shown our board of directors and colleagues the strength of his financial governance and the depth and breadth of his understanding of not only our business but also our co-operative as he has worked with me and my EMT to safeguard the safety of our people, operations and finances during what is the most testing global crisis that businesses have faced for many generations.”
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