Former Ferrero executive Antonio Vanoli is set to join dairy giant Parmalat as general manager, operations, it was announced today (5 December).

Vanoli joins Parmalat after 14 years at confectionery giant Ferrero, where he was most recently in charge of the company's European business.

Parmalat also announced the resignation of chief operating officer Carlo Prevedini.

"[Prevedini's] contribution has in fact not only guaranteed the on going of the business operations of the Parmalat Group, but also assured the management and the finalisation of an important phase for the whole company," a statement from the board read.