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

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.”

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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.”