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July 2, 2020

Arla Foods promotes Torben Dahl Nyholm to CFO role

Arla Foods appointed a new chief financial officer to replace Natalie Knight, who left the business in February.

By Leonie Barrie

Arla Foods has a new chief financial officer in the shape of Torben Dahl Nyholm.

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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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Nyholm headed up the Danish dairy cooperative’s Performance Management division.

He replaces Natalie Knight in the role. She left the Lurpak butter and Castello cheese brands owner in February to become executive vice president, finance, of Dutch-Belgian retail group Ahold Delhaize.

The new man will take up his position with immediate effect.

Commenting on the appointment, Arla Foods CEO Peder Tuborgh said: “He is an outstanding young leader who has already shown our board of directors and employees the strength of his financial management and the depth and breadth of his understanding of not only our business, but also our cooperative, and most recently he has worked with me and my group management to secure our employees, activities and finances during the most challenging global crisis the companies of the world have been facing for many generations.”

Nyholm joined Arla in 2012 after working in the M&A consulting industry. 

In Arla’s Performance Management operation, he has worked on projects linked to the company’s long-term financial expectations and strategy, as well as the Calcium transformation programme and the short-term delivery of financial results. 

He said: “Arla Foods is a fantastic company and I look forward to working with my good colleagues in our collective efforts to continue to create growth for Arla Foods and value for our cooperatives by providing consumers around the world with popular brands and great products.”

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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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