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October 22, 2019

Arla Foods announces departure of CFO Natalie Knight

European dairy giant Arla Foods has announced its CFO Natalie Knight is to leave the business next February.

By Leonie Barrie

European dairy giant Arla Foods has announced that its CFO Natalie Knight is to leave the business next February.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
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She has accepted the role of executive vice president, finance, of Dutch-Belgian retail group Ahold Delhaize. It was announced yesterday Ahold Delhaize’s current CFO Jeff Carr is to join UK-based consumer goods group Reckitt Benckiser as finance chief.

The search for Knight’s successor at Arla has begun.

She joined Arla in January 2016. Denmark-based Arla said that during her tenure as CFO Arla has “strengthened its balance sheet, delivering strong cash flow and net working capital, which has enabled Arla Foods to fund significant investments in developing global market positions for its brands and Arla Foods Ingredients business as well as expand revenue in growth categories”. 

Arla CEO Peder Tuborgh said: “I would like to recognise and thank Natalie for the contribution that she has made to the progress of Arla Foods over the last four years and for the support she has given to me and the rest of my executive management Team, during her time with us. Whilst it is always sad to see talented people move on, I congratulate her on her new role and wish her well in her future career.”

Tuborgh has confirmed that he is conducting a search process to find Natalie Knight’s successor and that the timing of her move, means that she will be in place to see the completion and reporting of Arla’s 2019 annual accounts.

Knight said: “It has been a privilege to be CFO of such a progressive and strong co-operative as Arla Foods and I am proud of the achievements that we have made over the last four years, particularly in our ability to continue to drive strong global branded growth, whilst simultaneously implementing our Calcium transformation programme.”

From the just-food archive: Arla CFO Knight on battles with Brexit, Chinese regulators and added sugar – the just-food interview

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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