Russian dairy giant Wimm-Bill-Dann has appointed a new CEO.

WBD today (3 May) announced the appointment of Dmitry Ivanov as its CEO, effective as of yesterday. Ivanov, previously the company’s CFO, will take over from Tony Maher, who after five years as CEO, announced his intention to step down in February.

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His decision to leave followed PepsiCo’s move to buy the Russian drinks and dairy group last year.

Ivanov has served as CFO of WBD since joining the company in May 2008.

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