Emmi chief financial officer Jörg Riboni to resign from his position

Emmi Group chief financial officer Jörg Riboni has notified the company that he will leave the milk processor to pursue a new career challenge.

Riboni, who was appointed to the role in 2013, has agreed to continue his duties until the end of April 2019 and gradually hand over to his successor.

In a statement, Emmi said: “The board of directors and group management wish to thank Jörg Riboni for his service and valuable contribution to Emmi. He has played a key role in shaping and driving forward the development and internationalisation of Emmi in the past five years.

“He has adapted the group’s financial management to the international expansion and built up a team of recognised specialists. His readiness to ensure a smooth handover of his duties to his successor highlights his loyalty and sense of responsibility towards the Emmi Group.”

Riboni, aged 60, has a degree in business studies, majoring in finance and accounting, from the University of St. Gallen, and is also a federally certified chartered accountant.

Last year Emmi acquired dessert manufacturer Italian Fresh Foods and bought a 40% stake in Brazilian dairy producer Laticínios Porto Alegre.

Earlier this year the company sold its 22% stake in yogurt brand Siggi’s as it aims to focus its US business on milk and cheese.