USA – Kellogg Company’s Board of Directors has unanimously elected Steven A. Cahillane as the company’s new Chief Executive Officer as the current CEO John Bryant decides to retire.
Cahillane who recently served as the President and CEO of Nature’s Bounty, the manufacturer, marketer and specialty retailer of health and wellness products, since 2014 where he successfully aligned the company with key health and wellness trends, established a thriving e-commerce division and created significant shareholder value.
Bryant said, “He is a proven leader with an exceptional track record of creating shareholder value. Steve has a tremendous history of success as the CEO of Nature’s Bounty, a health and wellness company, as well as in senior leadership roles around the world at blue-chip consumer packaged goods companies including Coca-Cola and AB lnBev.”
“It has been my pleasure to serve as the CEO of Kellogg Company over the past seven years,” Bryant said.
“I am even more confident in the future of our company today than at any other time in my 20 years with Kellogg.
I’ve decided that the time is right to hand over the reins to a new leader who can continue the transformation of this great company.
“Today, it’s my pleasure on behalf of the Kellogg Board to welcome Steve,” Bryant continued.
“I am confident that the strength of Steve’s leadership, combined with the drive and talent of our management team and the passion of our incredible employees, will enable Kellogg to realize our vision and purpose while achieving our long-term growth goals.”
Prior to working with Natures Bounty, Cahillane spent seven years with The Coca-Cola Co. most recently serving as President of Coca-Cola Americas, the global beverage maker’s largest business with US$25 billion in sales.
Under his leadership, Coca-Cola Americas’ performance improved significantly as the business achieved record revenues and delivered consistent market share gains.
Other roles there included President and CEO of the Coca-Cola Refreshments business, President of Coca-Cola Enterprises in North America and President of Coca-Cola Enterprises in Europe.
“Steve clearly has had a distinguished career leading successful CPG businesses throughout the world, including his terrific work recasting Nature’s Bounty as a consumer-facing health and wellness company,” said Donald Knauss, Lead Director, Kellogg Company Board of Directors.
“With his breadth of experience, he truly understands the global marketplace in which we are operating as well as the consumer and retailer trends that will serve as potent sources of growth for Kellogg going forward.
Further, Steve possesses strong strategic thinking ability, understands the levers that drive business performance and has demonstrated an ability to build and inspire outstanding teams.
Steve is the right person to energize our teams and bring new thinking to our company as we seek to achieve our long-term growth objectives.”
“Kellogg is an incredible company with a rich legacy and iconic brands that are beloved around the world,” Cahillane said.
“It will be my privilege and honor to work with such a talented group of employees as we pursue the tremendous growth opportunities before us.”