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Ice cream and frozen dessert manufacturer Glacier has appointed Tunc Tezel as group chief financial officer as the company accelerates its next phase of international growth following the merger of Gelato d’Italia and Ysco.
Tezel joins Glacier’s executive committee and will lead the company’s global finance function, bringing more than two decades of experience across multinational consumer goods businesses including P&G, BAT, Pladis and Ontex.
The appointment comes during a period of significant expansion for Glacier, which reported €582 million in revenue in 2025 and has emerged as one of Europe’s largest private-label and co-manufactured ice cream producers.
Most recently, Tezel served as Europe CFO and VP of FP&A at hygiene products manufacturer Ontex, where he led business integration initiatives and profitability improvement programs across multiple European markets. Earlier in his career, he held senior finance leadership roles at Gillette/P&G, BAT and snack manufacturer Pladis.
Matt Frost, executive director at Glacier, said: "Tunc is a brilliant addition to the Glacier team. He brings extensive international finance and leadership experience that will be invaluable as we continue to grow and strengthen the business.”
Glacier was formed through the merger of Italian manufacturer Gelato d’Italia and Belgian producer Ysco, creating a large-scale European platform focused on private-label and co-manufactured frozen desserts for retailers and branded food companies.
The company currently operates five manufacturing sites across Belgium, Italy and France and employs approximately 1,500 people. Backed by Davidson Kempner Capital Management and Afendis Capital Management, Glacier has been investing heavily in manufacturing capabilities and product innovation as demand for private-label frozen desserts continues to rise across European retail channels.
Tezel succeeds Serkan Cagatay, who had been serving as interim CFO while continuing his role at Afendis Capital Management.
In a statement, Tezel said: “Joining Glacier provides an exciting opportunity to bring my experience from other consumer sectors to the fast-moving world of ice cream. The business has built a strong reputation for quality, innovation and client service across the European market.”