Dutch national Henri de Sauvage Nolting, formerly executive vice president of Arla in Sweden, Denmark and Finland, will take up the role from February 15, 2017.
‘Potential acquisitions’
“Cloetta stands strong and my ambition is to drive the development of Cloetta through continued organic growth, as well as through cost-efficiencies and new initiatives including potential acquisitions,” he said.
Cloetta has been searching for a new CEO and president since David Nuutinen announced he would leave the role for “private reasons” in August after just a year in the position.
Company CFO Danko Maras has been acting as interim president and CEO of Cloetta since September and will continue to fulfil these duties until Nolting joins.
Nolting previously worked for Unilever in various sales, marketing and production roles between 1989 and 2013 before joining Arla.
Operations chief to leave
Cloetta also announced today its president of operations and member of Cloetta Group Management Jacqueline Hoogerbrugge will leave the company before summer 2017.
Cloetta said Hoogerbrugge had been looking to leave since the summer this year. The company is recruiting for her successor.
Cloetta reported a slight decline in net sales for its latest quarter (Q3) of -0.8% to SEK 1,448m ($155m).