US ice cream maker Dreyer's Grand Ice Cream announced today (Wednesday) that Doug Holdt has been named executive vice president and chief financial officer.

Holdt comes from Nestle Canada where he served as senior vice president and chief financial officer. He replaces Alberto Romaneschi, who is transitioning back to Nestle after having served as CFO of Dreyer's for the past two years.

Holdt is a 19-year veteran of Nestle and has held executive-level finance positions across a number of Nestle businesses in the United States and Canada. Prior to joining Nestle Canada, where he served as CFO for four years, Holdt was senior vice president of finance for the beverage division of Nestle USA and before that, he served as vice president and corporate controller for Nestle USA in Glendale, California. Holdt will report directly to T. Gary Rogers, chairman and chief executive officer of Dreyer's.

The move came shortly after Dreyer's reported results for the fourth quarter and fiscal year ended 25 December 2004 showing a sharp increase in losses.