Dawn Foods appoints Serhat Unsal as co-CEO

US baked goods and dessert maker Dawn Foods Products has announced it is appointing a new CEO, Serhat Unsal, to work alongside current chief executive Carrie Jones-Barber.

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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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Unsal, a former Unilever executive, joined Dawn Foods in 2011 to lead its international division.

Both will operate under “a co-CEO leadership model with equal responsibility and authority”, Dawn Foods said in a statement.

Jones-Barber said the arrangement would enable Dawn Foods “to be even more successful, as our business has become more complex and increasingly global”. She added: “By broadening our knowledge and experience at the senior leadership level, and by driving a more collaborative work environment, we will deliver significant opportunity for our company, our team members and our customers.”

Unsal said: “Dawn is preparing to enter a new era of growth and success. I look forward to working with Carrie as we focus on delivering a 50% growth in revenues and tripling our profitability over the next four years. The new co-CEO structure enables us to collaboratively reach the intricate decisions needed to deliver this aggressive target and proactively drive our strategic direction globally.”

Free Report

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

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