NETHERLANDS: Ex-DSM boss up for Campina post
Dutch dairy group Campina has nominated ex-DSM executive Peter Elverding for a post on its supervisory board.
Campina, which is in talks to merger with fellow dairy group Friesland Foods, said Elverding would replace Herman van Karnebeek, who would resign from the board by rotation.
Elverding, 58, spent eight years as CEO of ingredients firm DSM. He has also held management positions at chemical giant Akzo Nobel and retailer De Bijenkorf.
Last month, Campina admitted "exploratory" talks were being held with Friesland Foods but said the management of both companies supported the idea of merger.
Friesland Foods and Campina said their proposed merger would create "one of the leading global dairy companies". The combined turnover of two companies stands at EUR8.3bn (US$12bn).
Campina CEO Justin Sanders decided to leave the company after the talks were announced. Nevertheless, Sanders gave the proposed merger his backing.
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The European Commission has set a deadline for its inquiry into the merger between Dutch dairy cooperatives Friesland Foods and Campina....
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Friesland Foods, the Dutch dairy co-op, said today (9 May) that Johan Priem has resigned from its management board....
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