Saputo has announced changes to its senior management as the company closes in on a A$1.3 billion deal to acquire the debt-ridden Murray Goulburn Co-operative.
The company announced that Mr Carl Colizza, President and Chief Operating Officer of the Dairy Division (Canada), will, in addition to his current duties, take on the leadership of the Dairy Division.
In addition, Saputo announced that Mr Paul Corney, President and Chief Operating Officer of the Dairy Foods Division (USA) will be retiring within the next 12 to 24 months, after close to 20 years of service with Saputo.
Saputo said in a media statement that the search for his successor is already underway.
“The Company has a plan in place to identify his successor and enable Mr Corney to ensure the transition,” reads the statement.
Saputo is one of the top ten dairy processors in the world, the largest cheese manufacturer and the leading fluid milk and cream processor in Canada, one of the top three dairy processors in Argentina, and among the top four in Australia.
The company produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients.
Saputo is on the verge of acquiring Australia’s Murray Goulburn, with the deal already approved by the ACCC and the Murray Goulburn shareholders.