Saputo CEO Carl Colizza Announces Key Executive Appointments to Drive Global Growth
Source: DairyNews.today
Newly-appointed Saputo CEO Carl Colizza has reshaped the company’s executive leadership team, making significant appointments to strengthen global operations and drive long-term growth.
Colizza, who took over as CEO and president on August 9, following his tenure as president and COO of Saputo's North American business, has introduced a new COO and chief commercial officer as part of his strategic vision for the Canadian dairy giant.
Frank Guido has been named global Chief Operating Officer (COO), overseeing Saputo’s operations across North America, Europe, and its international division. Guido, who previously served as president and COO of Saputo’s U.S. dairy unit, will now have all divisional presidents and COOs reporting directly to him.
Leanne Cutts steps into the newly created role of Chief Commercial Officer. Cutts, who had been managing Saputo’s Europe and international divisions as president and COO, will now be responsible for driving global commercial strategies.
Dominick Bombino has been promoted to president and COO of the U.S. dairy division, succeeding Guido. Bombino was previously the senior vice president for sales in the same division.
In the UK, Steve Douglas takes over as regional president and COO of dairy, replacing Tom Atherton, who is leaving Saputo after nearly two decades. Douglas had been senior vice president of operations and supply chain for the U.S. dairy division. Atherton will remain with the company until the end of the year to ensure a smooth transition.
Colizza’s appointments are aimed at leveraging the deep experience of Saputo’s leadership team to strengthen its operational capabilities. “This team is proven, deeply capable, and prepared to set the course for our continued success,” Colizza said. He emphasized that these executives have been pivotal in Saputo’s progress over the years and that their expanded roles will help drive long-term growth and operational excellence across the organization.
Despite Saputo’s revenue growth, challenges remain. The company reported revenues of C$17.3bn ($12.7bn) in its fiscal year 2024 but saw a sharp decline in net income to C$265m from C$622m the previous year. In the first quarter of the new fiscal year through June, Saputo’s revenue rose 9.5% to C$4.6bn, while net profit remained flat at C$142m.
Colizza’s leadership and the newly appointed executive team are expected to focus on overcoming these financial challenges while driving operational efficiency and expanding the company’s global footprint.
Frank Guido has been named global Chief Operating Officer (COO), overseeing Saputo’s operations across North America, Europe, and its international division. Guido, who previously served as president and COO of Saputo’s U.S. dairy unit, will now have all divisional presidents and COOs reporting directly to him.
Leanne Cutts steps into the newly created role of Chief Commercial Officer. Cutts, who had been managing Saputo’s Europe and international divisions as president and COO, will now be responsible for driving global commercial strategies.
Dominick Bombino has been promoted to president and COO of the U.S. dairy division, succeeding Guido. Bombino was previously the senior vice president for sales in the same division.
In the UK, Steve Douglas takes over as regional president and COO of dairy, replacing Tom Atherton, who is leaving Saputo after nearly two decades. Douglas had been senior vice president of operations and supply chain for the U.S. dairy division. Atherton will remain with the company until the end of the year to ensure a smooth transition.
Colizza’s appointments are aimed at leveraging the deep experience of Saputo’s leadership team to strengthen its operational capabilities. “This team is proven, deeply capable, and prepared to set the course for our continued success,” Colizza said. He emphasized that these executives have been pivotal in Saputo’s progress over the years and that their expanded roles will help drive long-term growth and operational excellence across the organization.
Despite Saputo’s revenue growth, challenges remain. The company reported revenues of C$17.3bn ($12.7bn) in its fiscal year 2024 but saw a sharp decline in net income to C$265m from C$622m the previous year. In the first quarter of the new fiscal year through June, Saputo’s revenue rose 9.5% to C$4.6bn, while net profit remained flat at C$142m.
Colizza’s leadership and the newly appointed executive team are expected to focus on overcoming these financial challenges while driving operational efficiency and expanding the company’s global footprint.
23.09.2024
Carbon emissions in global milk production - the elephant in the room
I have been thinking to make this post yes/ no. I decided for yes and like to ask everyone to not "shoot the messenger". The chart shows an analysis of IFCN Dairy Research Network from the 2024 supporter conference in Poland.
