FrieslandCampina has named its vice president of M&A, Hans Laarakker, as interim CEO of Engro Foods, the Pakistan dairy company in which the Dutch dairy giant has acquired a 51% majority stake.
Laarakker’s appointment became effective today (20 December), as FrieslandCampina formally completed its deal to invest in Engro.
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He replaces Babur Sultan, who FrieslandCampina said had decided to leave Engro “after spending a decade in senior leadership roles within the company since its inception”.
A FrieslandCampina spokesperson told just-food Laarakker had been “closely involved in the preliminary phase” of the Engro acquisition. Laarakker will continue to hold the post of vice-president of M&A and business development at FrieslandCampina, the spokesperson said.
The FrieslandCampina spokesperson added: “There will be another CEO appointed at some point but we don’t know when that will be.” The spokesperson declined to say if Laarakker himself might be a candidate for the position on a permanent basis.
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